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Oct 7, 2021
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$BITF Bitfarms has increased the corporate hashrate from approximately 1.5 EH/s to approximately 1.6 EH/s.
Mined 305 new Bitcoin (BTC) during September 2021; approximately 10 BTC mined daily.
Mined 1,050 BTC in third quarter 2021, its largest quarterly BTC production rate in 2021.
Mined 2,407 BTC in the first nine months of 2021.
Deposited 2,312 BTC into custody through September 30, 2021, representing approximately 96% of Bitfarms' 2021 BTC production with a total value of approximately US$100 million based on a BTC price of US$43,500.
$HUT Hut 8 currently has an installed hashrate of 1.37 exahash ("E/H").
Mining Production Highlights for September 2021:
264 Bitcoin were mined, resulting in an average production rate of 9.11 Bitcoin per day.
100% of the self-mined Bitcoin for the month of September were deposited into custody, consistent with Hut 8's Hodl strategy.
Total Bitcoin balance held in reserve is 4724 as of September 30, 2021. BITFARMS IS TRULY UNDERVALUED