Bitfarms mining company, which announced in its report published in August that 99 percent of its operations were carried out with clean energy and that it had 1678 BTC as of that period, gave new information.
The total number of Bitcoins increased to 2028
According to the information provided by the company, the total number of BTC “in the vault” increased by 350 in August and reached 2028. Announcing that 99 percent of the mining operations were carried out with hydro power units at the facilities, Bitfarms stated that a total of 354 Bitcoins were mined in August with approximately 10 BTC per day, and a total of 745 Bitcoins were mined in the first 2 months of the 3rd quarter.
Almost all of the BTCs produced this year are HODL!
Explaining that there are two card differences between January 2021 and July 2021, due to the great interest in cryptocurrencies as of 2021, the company announced that 96% of the Bitciins issued this year were also HODLed. It should be noted that the mining difficulty, which has decreased thanks to the Chinese bans, is also effective in Bitfarms’ big profit.
Target 8-fold growth
Stating that they plan to add more BTC to their balance sheets in the second half of this year, CEO Emiliano Grodzki said in a statement, “We aim to achieve 8 times the growth in the process from the beginning of 2021 to the end of 2022.”
7230 Bitmain S19j PRO will arrive before the end of September
The Canadian-based company will have purchased 7230 S19j PRO, one of Bitmain’s new machines, before the end of this month. After the installation of these machines is completed, it is aimed to make great progress in operations. The machines will be installed in place of the S9s models in the first place.
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