Bitfarms mines 300 bitcoin in February

February 2024 Select Operating Highlights: 6.5 EH/s online as of February 29, 2024, up 38% from February 28, 2023, and unchanged from January 31, 2024. 6.1 EH/s average online, up 3.4% from January 2024. 49.2 BTC/average EH/s, down 18.8% from 60.6 in January 2024. 300 BTC earned, 16% lower than January 2024 and 22% lower than February 2023. 10.3 BTC earned daily on average, equal to approximately $648,900 per day based on a BTC price of $63,000 at February 29, 2024. Geoff Morphy, President and Chief Executive Officer of Bitfarms, said, “As a critical component to our growth, we are executing well against our transformational fleet upgrade and our target of 21 EH/s by year-end 2024. We expect the upcoming deliveries of more high efficiency Bitman T21 miners to begin operating at our Quebec farms in March. Based on the installation schedule, we anticipate an immediate 8% increase in hashrate to 7 EH/s and 11% improvement in energy efficiency to 31 w/TH.”