Wu said that he learned that Canadian Bitcoin mining company Bitfarms announced in June that it sold 134 of the 189 BTC mined that month, with a total profit of US$8.8 million; it strategically expanded in the United States and developed a 120 MW site; it has installed more than 39,000 new mining machines and eliminated 39,000 old mining machines so far this year; and it is launching a guidance target of exceeding 35 EH/s in 2025.