- Global Bitcoin miner Bitfarms is continuing to post strong production results as the Bitcoin halving grows near
- February 2024 production totalled 300 Bitcoins, down from 357 in January, because of grid-stabilizing curtailment programs, fewer production days and a 16.2 per cent increase in network difficulty for the month
- Bitfarms is a global Bitcoin mining company
- Bitfarms stock has gained 203.08 per cent year-over-year, and 80.73 per cent since 2019
Global Bitcoin miner Bitfarms (TSX:BITF) is continuing to post strong production results as the Bitcoin halving grows near.
Expected in April, the halving refers to a 50 per cent reduction in Bitcoin rewards for miners of the cryptocurrency who play the essential role of validating transactions on the network. The fee reduction is a built-in feature of how Bitcoin operates, occurring roughly every four years, with the goal of capping the total supply at 21…
