Bitcoin mining giant Bitfarms grew 21% against the trend, resisted acquisition challenges, and aimed at the 21EH/s hash rate peak!

In a report on July 2, Bitcoin mining company Bitfarms announced that its Bitcoin production in June increased by 21% to 189. Despite the challenge of a 51% drop in production caused by the Bitcoin halving event, Bitfarms successfully increased its production capacity by increasing its hash rate to 11.4EH per second, of which the online hash rate reached 10.4EH/s, a year-on-year increase of 96%. In addition, the company successfully resisted the acquisition attempt of competitor Riot Platforms. Bitfarms also revealed in a statement on July 1 that it had sold 134 Bitcoins for $8.8 million, and currently holds a total of 905 Bitcoins, with a total value of up to $57 million. The company is confident about the future and is expected to achieve a hash rate target of 21EH/s by the end of 2024.