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- 1 Bitfarms mined 379 BTC in April, per its latest report.
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The Bitcoin mining company also shared about its operating capacity and hashrate.
Bitfarms Ltd (NASDAQ: BITF) has mined 379 Bitcoin (BTC) in the last month, as per its latest report, and its operating capacity stood at 196 MW. The hashrate stands at 5.0 EH/s.
Bitfarms Key-Milestones
As Bitfarms reported, in mid-April, the Bitcoin company racked up more than 2000 new miners that were delivered earlier in March and early April. It has completed testing of the Rio Cuarto substation that is now online and also able to deliver 120 MW.
Earlier this month, Bitfarms shared details about its Bitcoin production and mining operations for the last months. Meanwhile, Geoff Morphy, the CEO and President of Bitfarms also shares that late last month the mining company’s “operational hashrate reached 5.0 EH/s on April 27th, 2023.”
Bitcoin Optimistic Bitfarms CMO
Recently, Benjamin Gagnon, the Chief Mining Officer of Bitfarms, attended the Bitcoin Conference. During which, he showed his confidence regarding Bitcoin. As he said, “A lot of people think of Bitcoin as a volatile asset, however, that’s just the price. BTC is the most stable asset on the planet.”
Bitfarms CMO further continued as “We know actually how many Bitcoins are in existence at exactly any point in time. Anybody can verify and predict all the way out into the future. Nobody in this world can tell me how many U.S. dollars exist today, how many are being printed today or be printed tomorrow or how many in the coming years.”
Furthermore, Gagnon said “Bitcoin’s worked for 13 years continuously providing value and fulfilling its mission around the globe. That’s why we’re also passionate about it and excited about it. Also, Bitcoin is attracting some of the brightest, smartest people on the planet. People who are motivated, people who want to build things and people want to change the world. This is a very, very powerful force as it just works. And it works at any scale.”
BITF Stock Price Analysis
BITF stock closed at $ 1.11 and is down nearly 4% in the past 24h. The weekly price analysis shows that the BTC mining company’s stock price rose almost 6%, while in 1 month the stock noted a nearly 20% gain. BITF stock also showed a bullish gain with 154% in its year-to-date price.
Source: BITF/USD Price Analysis The recent closing price of this BTC mining company stock surpassed its 20-day EMA. Meanwhile, active bears have dropped the stock price and showed a bearish trend.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
