Canadian Bitcoin mining giant Bitfarms recently announced their business progress. In June, they successfully sold 134 of the 189 Bitcoins mined that month, and thus received a total revenue of up to $8.8 million. In addition, the company has also strategically expanded its business in the United States and successfully developed a 120 megawatt (MW) mining farm.

So far this year, Bitfarms has installed and put into use more than 39,000 new mining machines, and at the same time, in order to maintain the efficiency and capacity of the mining farm, it has also eliminated the same number of old mining machines. This move shows the company's positive attitude towards technological upgrading and its emphasis on mining efficiency.

In addition, Bitfarms has set ambitious goals for the coming year. They are planning to launch a guiding goal that the company's computing power will exceed 3.5 billion hashes per second (EH/s) by 2025. The realization of this goal will greatly enhance the company's competitiveness in the global Bitcoin mining field.

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