financetom
Business
financetom
/
Business
/
Bitfarms' June Bitcoin Production Increases from Previous Month
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Bitfarms' June Bitcoin Production Increases from Previous Month
Jul 1, 2024 5:51 AM

08:34 AM EDT, 07/01/2024 (MT Newswires) -- Bitfarms ( BITF ) said Monday it mined 189 bitcoins in June, up 21% from May and reflecting a 51% fall from a year earlier.

The company mined 6.3 bitcoins daily on average in June, equivalent to about $384,000 per day based on the cryptocurrency's price of $61,000 on Sunday, the company said.

Bitfarms ( BITF ) said it has mined 1,557 bitcoins this year through June 30, down from 2,520 in the same period last year.

Additionally, Bitfarms ( BITF ) said it installed 39,000 new miners and deracked over 39,000 old miners this year.

Shares of the company were up 3.9% in recent Monday premarket activity.

Price: 2.6602, Change: +0.09, Percent Change: +3.51

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Citigroup fined $14 million in Germany for regulatory lapses
Citigroup fined $14 million in Germany for regulatory lapses
Jun 20, 2024
FRANKFURT, June 20 (Reuters) - Citigroup ( C/PN ) has been fined nearly 13 million euros ($13.94 million) by Germany's bank regulator for lapses in controls of its trading systems, the largest fine imposed under the regulator's consumer protection division. The fine was announced by German regulator BaFin on Thursday and linked to problems at Citigroup Global Markets Europe AG....
SIR Royalty Income Fund's Operating Entity Posts Lower Fiscal Q3 Adjusted Net Earnings
SIR Royalty Income Fund's Operating Entity Posts Lower Fiscal Q3 Adjusted Net Earnings
Jun 20, 2024
06:05 AM EDT, 06/20/2024 (MT Newswires) -- SIR Royalty Income Fund's (SRV-UN.TO) operating entity, SIR Corp., reported lower fiscal third-quarter adjusted net earnings due to higher cost of corporate restaurant operations. SIR Corp. booked fiscal third-quarter adjusted net earnings of $0.7 million, down from $4.7 million. Fiscal third-quarter net income and comprehensive income came in at $33 million, up from...
Honeywell strikes $2 bln deal to buy aerospace and defence firm CAES Systems, WSJ reports
Honeywell strikes $2 bln deal to buy aerospace and defence firm CAES Systems, WSJ reports
Jun 20, 2024
June 20 (Reuters) - Honeywell International ( HON ) has entered into a deal worth roughly $2 billion to buy aerospace and defense technology company CAES Systems from private-equity firm Advent International, The Wall Street Journal reported on Thursday, citing people familiar with the matter. (Reporting by Ananta Agarwal in Bengaluru; Editing by Janane Venkatraman ) ...
Exclusive-US regulators at odds over whether to issue new draft of bank capital hikes
Exclusive-US regulators at odds over whether to issue new draft of bank capital hikes
Jun 20, 2024
WASHINGTON (Reuters) - U.S. bank regulators are arguing over the path forward for rules easing bank capital hikes, with some wanting to allow additional feedback from Wall Street after the industry vigorously pushed back, said five people familiar with the matter. The Federal Reserve, which is leading the project, is considering reproposing the Basel endgame rule, while the Federal Deposit...
Copyright 2023-2026 - www.financetom.com All Rights Reserved