Bitfarms (TSE:BITF) has released an update.
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Bitfarms Ltd. has announced a mixed financial outcome for the second quarter of 2024, with a 16% quarterly decrease in revenue to $42 million, yet marking a 17% annual increase. The company has reported advancements in operational efficiency and expansion, including a significant increase in hashrate to 11.1 EH/s and an enhanced power capacity by 220 MW, supporting future growth projections.
For further insights into TSE:BITF stock, check out TipRanks’ Stock Analysis page.
