According to Odaily, Bitcoin mining company Bitfarms has reported a 34% increase in revenue following the upgrade and expansion of its mining equipment. In July, Bitfarms produced 253 BTC, valued at approximately $16.2 million at current market prices. This marks a significant increase from the 189 BTC, worth $12.1 million, produced in June. The company reported an operational hash rate of 11.1 EH/s as of July 31, reflecting a year-over-year increase of 109% and a month-over-month increase of 7%. Additionally, Bitfarms' average operational hash rate for July was 10.3 EH/s, a 36% increase from June.