Bitcoin Mining Firm Bitfarm down by 40% roughly in June
— Hash, Growth, Hash rate, Market, Total, Protected, Mining revenues, Bitfarms, Companies, Rule — 1 min read
Bitcoin mining firm Bitfarm saw a loss of 40% in June as compared to the previous month. The company mined a total of 420 BTC in June, just a slight 2.6% decrease from May. It increased its hash rate by 0.2 exahash per second (EH/s) over the same period. The business also sold roughly 3,000 BTC to partially pay off a $100 million debt from Galaxy Digital. It concluded the month with about half of the bitcoin it had started with. The financial worth of Bitfarms’s bitcoin assets decreased by nearly 66.5 percent compared to $188 million based on a bitcoin price of $31,000 at the end of May, according to a bitcoin value of $20,000 Source