Bitfarms has increased its Bitcoin production by 33% and raised its holdings above 1,000 BTC, despite challenges like rising mining difficulty. The company mined 254 BTC in July, up from 189 BTC the previous month, with a hashrate increase to 11.1 EH/s. CEO Ben Gagnon highlighted a 62% rise in monthly Bitcoin production since April's halving event, showcasing operational expertise. Bitfarms faced mining difficulty hikes and addressed issues with underperforming miners. The firm sold 142 BTC for $8.6 million, adding 111 BTC to its treasury, totaling 1,016 BTC valued at $67.2 million. CFO Jeff Lucas emphasized the company's growth trajectory towards a 21 EH/s mining capacity by year-end. Despite financial setbacks, market analysts question MicroStrategy's debt sustainability for Bitcoin ventures. CryptoSlate's market report delves into BlackRock's IBIT and ETHA differences. Disclaimer: Cryptocurrency trading is high-risk; conduct thorough research before investing. Read more AI-generated news on: https://app.chaingpt.org/news