Bitfarms reported on production 339 BTC in November – Bits Media

Canadian mining company Bitfarms reported a decrease in the number of bitcoins mined in November due to an increase in mining difficulty.

According to the Bitfarms report, was mined last month 339 BTC vs. 343 BTC in October. Bitfarms CEO Emiliano Grodsky (Emiliano Grodzki) noted:

“Even with the increase in difficulty, our BTC mining levels remained stable in November. For 11 we have mined for almost months 3 000 BTC for the amount $175 million at current market prices".

Besides, deliveries of new mining equipment continued in November. This led to an increase in the company's hashrate by 16% to 2.1 Eh/s after reaching a record level in 1.8 Eh/s in October.

So, in November Bitfarms received 400 ASIC miners MicroBT M30S and 3 588 ASIC miners Bitmain S19j Pro. Delivery more 702 Bitmain S19j Pro ASIC miners expected in the first half of December.

In early November, the company announced, plans to launch a mining center in the US state of Washington. To achieve this, Bitfarms bought a hydroelectric power station with a capacity of 24 MW for $26 million.