Bitfarms Mined 431 BTC in May, Now Holds $192 Million In Bitcoin

Bitfarms Mined 431 BTC in May, Now Holds $192 Million In Bitcoin
фото показано с : bitcoinmagazine.com

2022-6-1 16:38

Bitfarms, a publicly traded miner, released its bitcoin mining update showing 431 BTC mined with 6,075 BTC ($192 million) held in custody.

Bitfarms released a mining and production update for May 2022. The company mined a total of 431 BTC valued at $16.6 million and deposited 429 BTC into custody (99%). The miner now holds 6,075 BTC, currently valued at over $192.5 million.

Bitfarms (NASDAQ: BITF, TSX: BITF), a publicly-traded bitcoin mining company, released its production and mining update for May 2022 showing 431 BTC mined worth about $16.6 million at time of writing, via a press release.

“During May, daily average production increased to 13.9 bitcoin/day, up 3% from 13.5 BTC/day in April,” said Emiliano Grodzki, CEO of Bitfarms. “We completed the build out of Leger facility with 7,400 miners generating approximately 740 PH/s [petahashes per second]. Leger is now our single largest site with a production level nearly equivalent to Bitfarms entire hashrate at the end of Q2, 2020.”

Bitfarms currently performs 3.4 exahashes per second (EH/s) as of May 31, 2022 – which helped drive a 6% increase from the previous month in total bitcoin mined. Of the 431 BTC mined last month, 429 (99.5%) were placed into custody. After this deposit, Bitfarms currently holds 6,075 BTC in custody which is currently worth over $192.5 million.

“The second phase of construction at The Bunker is continuing and is expected to increase the site’s capacity to 30 MW when completed,” Grodzki explained. “With miner deliveries on schedule, we expect to have another solid month of growth as we build out our operational hashrate to our next goal of 4 exahash per second (EH/s) by the end of Q2.”

The mining company also noted it had permanently reduced its De La Pointe mining site down to 18 megawatts (MW) as part of its relocation of resources to the Ledger site in the City of Sherbrooke, Quebec.

Currently the operations of Bitfarms are globally dispersed with seven industrial locations in Quebec, one in Paraguay, and one in Washington State. Of these mining sites, 99% are sustainably mined with hydro power and hold long-term power contracts.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97549.5 (+0.22%)
Объем 24H $97.053b
Изменеия 24h: 3.28 %, 7d: 7.57 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1930.058b Rank 1
Цена в час новости $ 30758.27 (217.15%)

btc bitcoin million bitfarms mined 192 431

Источник: bitcoinmagazine.com

btc bitcoin → Результатов: 126


Japan’s Metaplanet’s Bitcoin Holdings Rise to 530 BTC After Pulling Off Mind-Blowing Strategy

According to the latest announcement from Japanese investment firm Metaplanet Inc., its Bitcoin holdings have surged, rising to 530.717 BTC as of October 3. As revealed by the Tokyo-listed company, this increase in its Bitcoin bags was possible due to a smart options trading strategy, which led to the company earning more BTC and adding […]

2024-10-4 21:00


Фото:

Bitcoin STHs Supply Decreases By 1.31M BTC – A Sign Of Growing Confidence?

Bitcoin has remained above $60,000 for the past two weeks, holding strong as the broader crypto market bulges. This steady performance is fueling optimism among traders and investors alike.  According to key data from CryptoQuant, short-term holders are now selling for profit, leading to a notable decrease in BTC supply. This reduction in available BTC […]

2024-9-30 19:00


Bitcoin wallets dormant for 15 years move BTC after touching highs above $64,000

Satoshi era bitcoin wallets dormant since 2009, have moved 250 BTC to new wallet addresses The five wallets transferred BTC in batches of 50 coins each Bitcoin price traded around $63,500, having touched highs above $64,000 across major exchanges Several Bitcoin (BTC) miner wallets dormant for over 15 years have moved 250 BTC worth over […] The post Bitcoin wallets dormant for 15 years move BTC after touching highs above $64,000 appeared first on CoinJournal.

2024-9-21 12:46


Bitcoin Preparing for a Bullish Phase – New Cryptos to Hold During BTC Expansion

Despite the current bearish market sentiment, many seasoned analysts believe that Bitcoin (BTC) could soon break the $60k psychological barrier and lead the wider market into a bullish phase. The reason for this was explained in a recent post by Bitcoinsensus, suggesting that BTC whales are trying to position themselves for the next bull run.

2024-9-5 17:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Maker whale activity surges by 1400% - Time for MKR's price to break out?

Large transaction volumes for Maker rose by over 1,400% in just two days  Despite rising whale activity, technical indicators and on-chain metrics flashed mixed signals for MKR  Maker (MKRThe post Maker whale activity surges by 1400% - Time for MKR's price to break out? appeared first on AMBCrypto.

Is Ethereum set to outperform Bitcoin? Key data suggests...

Analysts predicted that Ethereum could outperform Bitcoin due to key indicators. Ethereum spot ETF inflows and ascending price channels indicated potential price targets up to $10,000. EtherThe post Is Ethereum set to outperform Bitcoin? Key data suggests... appeared first on AMBCrypto.

QNT's latest breakout can push altcoin's price to THIS level...

QNT's breakout from its descending trendline and bullish indicators signaled potential gains to $229 On-chain metrics and declining exchange reserves highlighted growing demand and reduced sellThe post QNT's latest breakout can push altcoin's price to THIS level... appeared first on AMBCrypto.

XRP's $1 at risk? As trading volume drops 77%, concerns rise

XRP's $1 milestone seemed uncertain, as daily active addresses declined significantly. Ripple's trading volume dropped from almost $3 billion to around $207 million. After months of consolidThe post XRP's $1 at risk? As trading volume drops 77%, concerns rise appeared first on AMBCrypto.

NEAR rallies 12% in 7 days: Is $8 on the cards?

NEAR traded at $5.79 at press time, gaining 12% in seven days with $712M daily trading volume and $7B market cap. Futures Open Interest dropped 5% while TVL hit $260M, signaling steady ecosysteThe post NEAR rallies 12% in 7 days: Is $8 on the cards? appeared first on AMBCrypto.

TRON's USDT dominance - Here's what that means for TRX's price

TRX recorded gains of over 26.17% in the last 30 days TRON's USDT weekly volume surpassed 150 billion - A sign of strong adoption TRON, at the time of writing, was valued at $0.1986 with a mThe post TRON's USDT dominance - Here's what that means for TRX's price appeared first on AMBCrypto.

CVX crypto soars 20% in 24 hours - Is $5 the next target?

CVX crypto pumped 83% on the 19th of November; will the uptrend continue?  A notable whale could have triggered the wild upswing, per an analytics firm.  Convex Finance’s native token, CThe post CVX crypto soars 20% in 24 hours - Is $5 the next target? appeared first on AMBCrypto.