- Bitfarms (TSX:BITF) a global Bitcoin mining stock, earned 446 Bitcoins in December 2023, bringing its total for the year to 4,928
- The price of Bitcoin was up by more than 150 per cent in 2023 to approximately C$56,000
- Bitfarms operates 11 Bitcoin mining farms across Canada, the United States, Paraguay and Argentina
- Bitfarms stock (TSX:BITF) has added approximately 570 per cent year-over-year, but only about 80 per cent since 2019
Bitfarms (TSX:BITF) a global Bitcoin mining stock, earned 446 Bitcoins in December 2023, bringing its total for the year to 4,928.
The December performance is up by 13.8 per cent from November as high uptime and a 465 per cent surge in transaction fees offset a network difficulty increase of 6 per cent for the month.
Network difficulty increased by 103.6 per cent in 2023, while the price of Bitcoin rose by approximately 156.8 per cent, yielding a 61.4 per cent improvement in…
