Bitfarms Ltd. (TSE:BITF) has released an update.
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Bitfarms Ltd., a major Bitcoin mining company, announced it mined 269 BTC in April 2024 and is advancing with a fleet upgrade expected to significantly enhance energy efficiency and computational power. The company is on track with its expansion plan, aiming for 21 EH/s hash rate and improved energy efficiency by the end of 2024. Additionally, a favorable VAT decision in Québec will provide Bitfarms with a $23.7 million refund, leading to a decrease in electricity costs and future operating expenses.
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