Green BTC miner Bitfarms production up 50% after China ban, as Compass goes nuclear Bitfarms is producing more BTC at a lower cost due to the drop in difficulty. 2818 Total views News
Publicly traded North American Bitcoin mining company Bitfarms has doubled its productivity this year amid the Chinese crackdown and resultant miner migration.
The Canadian hydroelectricity mining outfit claims to be currently powering an estimated 1.5% of the entire Bitcoin (BTC) network, with more than 99% renewable green energy.
In a July 14 production update, the firm revealed that it had mined 1,357 BTC in the first six months of 2021, adding that this was the largest number of BTC mined in North America, as reported by publicly traded miners.
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