According to Foresight News, Bitcoin mining company Stronghold has released its August Bitcoin mining and operations update. In August 2024, Stronghold mined 63 Bitcoins, generating approximately $0.2 million in energy revenue. This amount is equivalent to an additional 4 Bitcoins based on the average Bitcoin price for the month, resulting in a total output of around 67 Bitcoin equivalents, marking a 2% increase from the previous month. Additionally, the company reported $4 million in revenue for August, which is a 2% decrease compared to the previous month.
According to Foresight News, Bitfarms and Stronghold signed a final merger agreement in August, with the merger expected to be completed in the first quarter of next year.
