Bitcoin miner Bitfarms mined 534 BTC in August — a 6.8% improve from the earlier month — whereas growing its hashrate by 1% to three.9 exahashes per second (EH/s).
The corporate is near finishing the primary 50-megawatt warehouse of its facility in Rio Cuarto, Argentina, Bitfarms stated Thursday in a month-to-month replace.
“Extra particularly, the primary 10 MW of this warehouse is deliberate to be energized and begin manufacturing forward of schedule later this month, with capability being added incrementally all through This autumn 2022,” stated president and chief working officer Geoff Morphy.
The corporate expects to develop its hash fee to 4.2 EH/s by the top of September. Development on the second warehouse in Rio Cuarto is meant to start out within the second quarter of 2023.
As of August 31, the corporate held 2,128 BTC in custody, equal to $43 million based mostly on a bitcoin worth of $20,300.
It bought 427 BTC final month, down from 1,623 BTC in July and three,000 BTC in June.