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Bitfarms Releases May 2022 Bitcoin Mining Update

  • Bitfarms launched a mining and manufacturing replace for May 2022.
  • The firm mined a complete of 431 BTC valued at $16.6 million and deposited 429 BTC into custody (99%).
  • The miner now holds 6,075 BTC, at present valued at over $192.5 million.

Bitfarms (NASDAQ: BITF, TSX: BITF), a publicly-traded bitcoin mining firm, launched its manufacturing and mining replace for May 2022 displaying 431 BTC mined value about $16.6 million at time of writing, through a press release.

“During May, daily average production increased to 13.9 bitcoin/day, up 3% from 13.5 BTC/day in April,” stated Emiliano Grodzki, CEO of Bitfarms. “We completed the build out of Leger facility with 7,400 miners generating approximately 740 PH/s [petahashes per second]. Leger is now our single largest site with a production level nearly equivalent to Bitfarms entire hashrate at the end of Q2, 2020.”

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