Bitfarms mines 383 new bitcoin in August

Bitfarms provides a Bitcoin production and mining operations update for August 2023. Operating Highlights: 5.6 EH/s online as of August 31, 2023, up 43.5% from August 31, 2022 and up 5.7% from July 31, 2023. 5.1 EH/s average online, up 3.3% from July 2023. 74.6 BTC/average EH/s, down 2.0% from 76.1 in July 2023. 383 BTC mined, up 1.3% from July 2023 and down 28.3% from August 2022. 12.4 BTC mined daily on average, equivalent to about $337,300 per day and approximately $10.5 million for the month based on a BTC price of $27,200 on August 31, 2023. Fully utilized remaining miner credits with the purchase of: 8 MicroBT 2.4 MW Hydro Containers and 1,920 MicroBT M53S+ Hydro Miners for deployment to new 50 MW Paso Pe farm in development; 1 MicroBT 1 MW Hydro Container and 100 MicroBT M53S+ Hydro Miners for deployment in Quebec. Purchased 900 M50 118 TH Miners for $13/Th for deployment in Quebec and Argentina with cash. At Paraguay, initiated first phase of development for 150 MW hydropower contracts. At Rio Cuarto, Argentina: Increased hashrate to 960 PH; Completed planned deliveries with receipt of 3,150 Bitmain S19J Pro+ and 710 S19j Pro miners; Planned deliveries of 1,068 M50 and 2,549 Bitmain S19J Pro+ on schedule for September installation and energization. At Magog, Quebec, increased hashrate 49% to 340 PH with the installation of 2,862 S19 Pro+ miners. At Baie-Comeau, Quebec: Consistently operated at about 5 MW throughout August and on track to reach 11 MW in September 2023; Installed total of 2,535 Whatsminer M31S+ miners redeployed from Magog. At Washington, upgraded ventilation and cooling systems, increasing average uptime.