CoinVoice has recently learned that, according to Globenewswire, Bitcoin mining company Bitfarms released its latest monthly production report, which shows that the company mined 204 BTC in November, compared to 236 BTC in October, reflecting an average operational EH increase of 1% and a Bitcoin difficulty increase of 7%. The operational speed on November 30 was 12.8 EH/s, a year-on-year increase of 100% and a month-on-month increase of 11%. The company's total BTC mining output year-to-date amounts to 4,482 BTC.
Additionally, Bitfarms sold 171 of the 204 BTC earned from the company's regular capital management operations, with total proceeds of 14.6 million dollars. According to the mining machine upgrade agreement announced on November 12, Bitfarms added 33 BTC to its treasury from mining operations and transferred 351 bitcoins to Bitmain. Considering the funds transferred to Bitmain, Bitfarms' treasury held 870 bitcoins at the end of November, down from 1,188 bitcoins the previous month. Based on the Bitcoin price of 97,000 dollars on November 30, this is valued at 84.4 million dollars. [Original link]
