According to Foresight News, Bitcoin mining company Bitfarms produced 253 BTC in July, sold 142 of them, and made a total profit of $8.6 million. That is, 111 BTC were added in July, bringing its treasury balance to 1,016 BTC, which is worth $67.2 million based on the BTC price of $66,100 on July 31, 2024. Bitfarms said that the number of bitcoins mined each month has increased by 62% since the halving event in April.