Bitfarms was the second mining company in short succession that posted poor numbers in the last quarter due to falling crypto prices 📉
Bitfarms was the second mining company in short succession that posted poor numbers in the last quarter due to falling crypto prices.
According to COO Geoff Morphy, the 1,257 BTC mined in the second quarter completely offset weaker prices and put the company in a good position to " take advantage of current market conditions, as potential opportunities for consolidation come up." Bitfarms is constructing two warehouses in Argentina and is on target to reach 6.0 EH/s by the end of the year.
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