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Bitfarms’ Bitcoin Production Increases on New Mining Equipment

The company mined 1,050 bitcoins in the third quarter, up 38% from the second quarter.

By Sheldon Reback

Updated May 11, 2023, 5:45 p.m. Published Oct 1, 2021, 11:58 a.m.

Technicians monitor cryptocurrency mining rigs at a Bitfarms facility in Saint-Hyacinthe, Quebec, Canada, on Thursday, July 26, 2018. Bitcoin has rallied more than 30 percent in July, shrugging off security and regulatory concerns that have plagued the virtual currency for much of this year. Photographer: James MacDonald/Bloomberg via Getty Images