According to Odaily Planet Daily, Bitcoin mining company Bitfarms updated its monthly production report and achieved the year-end efficiency target of 21 w/TH in three months. Bitcoin mining produced 217 BTC in September, a decrease from 233 BTC in August.
Additionally, Bitfarms disclosed that it sold 173 BTC in September as part of the company’s regular funding, with total proceeds of $10.5 million.
Bitfarms also said that the company reached a settlement agreement with Riot Platforms Inc. in September and the special general meeting of shareholders originally scheduled for November 6, 2024 has now been rescheduled to November 20, 2024.
