Bitfarms Ltd (NASDAQ:BITF) shares are trading higher. The company on Monday provided a production and operations update for June.
What Happened: Bitfarms said it mined 189 Bitcoin (CRYPTO: BTC) last month compared to 156 bitcoin in May as a result of increasing corporate hashrate during the month. The company noted that curtailment in Argentina and downtime associated with upgrading miners in Quebec reduced total production, but it was partially offset by a 0.8% decrease in network difficulty compared to May.
“We continue to make progress on our fleet upgrades and new facility constructions, having installed over 39,000 new miners and deracked over 39,000 ...