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Bitfarms' June Bitcoin Production Increases from Previous Month
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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

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