🚀 Bitfarms Boosts Bitcoin Mining Power! 🚀

Toronto-based Bitfarms is making waves in the Bitcoin mining world! 🌊 By the end of July, their operational hash rate soared to an impressive 11.1 EH/s, marking a 109% year-over-year increase and a 7% rise from June. Despite a slight 1% dip in Bitcoin per EH/s due to network difficulty, the deployment of Bitmain T21 miners helped keep things on track. 🛠️

In July, Bitfarms mined 253 BTC, a 34% increase from June. They sold 142 BTC for $8.6 million, boosting their treasury to 1,016 BTC, worth around $67.2 million. 💰

CEO Ben Gagnon is optimistic, highlighting their operational expertise and efficiency gains. Despite some miner issues, Bitfarms is set for further growth with new miners arriving soon. 🌟

Stay tuned for more Bitcoin mining milestones! 🚀