Bitfarms mined 286 bitcoin in March

March 2024 Select Operating Highlights: 6.5 EH/s online at March 31, 2024, up 35% Y/Y and unchanged from previous month. 5.7 EH/s average online, down 6.6% from the previous month. 50 BTC/average EH/s, up 2.0% from the previous month. 286 BTC earned, 5% lower than previous month and 33% lower Y/Y. 9.2 BTC earned daily on average, equal to ~$647,700 per day based on a BTC price of $70,400 at March 31, 2024. 1,656 Bitmain T21 miners received with majority online. Geoff Morphy, President and Chief Executive Officer said, “In March, we exercised our previously announced purchase option for 28,000 Bitmain T21 miners and purchased an additional 19,280 Bitmain T21 miners along with 3,888 Bitmain S21 miners and 740 Bitmain S21 hydro miners. Having confirmed the tremendous performance of our T21 miners currently running, and with Bitcoin prices reaching all-time highs, we acted quickly to secure these miners at attractive prices in advance of anticipated hardware price increases. Together, with our 35,888 Bitmain T21 purchases and farm expansions announced in November, these new 87,796 miners are sufficient to reach 21 EH/s by year-end, with greater operating efficiency.”