Bitfarms mines 379 new bitcoin in April

Bitfarms provided a Bitcoin production and mining operations update for April 2023. In addition, earlier Bitfarms announced it had regained compliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2). April 2023 Select Operating Highlights: 5.0 EH/s online as of April 27, 2023, up 52% from April 30, 2022, and up 4% compared to March 31, 2023. 4.7 EH/s average online, compared to 4.6 EH/s in March 2023. 80.6 BTC/average EH/s, down from 91.4 in March 2023. 379 new BTC mined, down 6.4% from April 2022 and down 10.6% from March 2023.12.6 BTC mined daily on average, equivalent to about $369,180 per day and approximately $11.1 million for the month, based on a BTC price of $29,300 on April 30, 2023. In Rio Cuarto, Argentina: Private power producer became fully permitted to provide up to 100 MW, enabling Bitfarms to commence purchasing low-cost power under Bitfarms’ purchase agreement, Finished testing of the substation that is now online and capable of delivering 120 MW, Increased active capacity over 100% to 18 MW by energizing 2,100 additional miners, Ended underclocking of existing miners in line with improved economics, and Purchased over 6,200 new Bitmain and MicroBT miners to fill out an additional 22 MW in the first warehouse. Added new hardware diagnostics tool that automates hardware diagnostics and improves hardware repair times. Deployed real-time energy tracking across all sites, allowing for individual machine optimization. Entered into agreements to acquire 22 MW of hydro power capacity and to lease a site in Baie-Comeau, Quebec, subject to customary closing conditions.