Bitfarms Chugging Away (Patreon)

Note I still hold it. Lets see if they can get to their 12 EH goal - running a little late on this

It is down around the kill zone near 1.75

October 2024 Select Operating Highlights

• 11.5 EH/s operational at October 31, 2024, up 83% Y/Y.

• 10.6 EH/s average operational, up 80% Y/Y and up 3% M/M.

• 22.2 BTC/average EH/s, up 5% M/M and 67% lower Y/Y.

• 236 BTC earned, up 9% M/M and 41% lower Y/Y.

• 7.6 BTC earned daily on average, equal to ~$540,000 per day based on a BTC price of $71,000 at October 31, 2024.

Bitfarms’ BTC Monthly Production

MonthBTC Earned 2024BTC Earned 2023January357486February300387March286424April269379May156459June189385July253378August233383September217411October236398YTD Totals2,4964,090

October 2024 Financial Update

• Sold 194 of the 236 BTC earned as part of the Company’s regular treasury management practice for total proceeds of $13.0 million.

• Added 42 BTC, bringing Treasury to 1,188 BTC, up from 1,147 BTC last month and representing $84.3 million based on a BTC price of $71,000 at October 31, 2024. 

• Synthetic HODL™ of 802 long-dated BTC call options at October 31, 2024, up from 602 at the end of the prior month.