Bitfarms mines 411 new bitcoin in September

Bitfarms provides a Bitcoin production and mining operations update for September 2023. “In September, we continued to install new miners and fully energized Rio Cuarto to 51 MW, increasing our operating capacity by 9% to 233 MW. Year-to-date, we increased operating capacity by 24% and upgraded and expanded our fleet with over 15,000 additional miners,” said Geoff Morphy, CEO of Bitfarms. “Also in September, our hashrate increased 9% to 6.1 EH/s, slightly below our Q3 2023 target of 6.3 EH/s reflecting some electrical infrastructure delays that pushed out the Baie-Comeau, Quebec facility’s full installation by a couple of weeks.” September 2023 Select Operating Highlights: 6.1 EH/s online as of September 30, 2023, up 45% from September 30, 2022, and up 9% from August 31, 2023. 5.84 EH/s average online, up 13.7% from August 2023. 70.4 BTC/average EH/s, down 5.6% from 74.6 in August 2023. 411 BTC mined, up 7.3% from August 2023 and down 14.6% from September 2022. 13.7 BTC mined daily on average, equivalent to about $369,900 per day and approximately $11.1 million for the month based on a BTC price of $27,000 on September 30, 2023. Installed 4,600 miners. At Paso Pe, Paraguay, construction advanced as planned. At Rio Cuarto, Argentina: Increased capacity to full 51 MW and hashrate to 1.475 EH/s. At Baie-Comeau, Quebec: Remaining installations expected to ramp operating capacity to the full 11 MW in early October 2023.