Bitfarms mines 424 BTC in March – Canadian Investor

Bitfarms mines 424 BTC in March CanadiansInvest

), a global Bitcoin self-mining company, provided a Bitcoin production and mining operations update for March 2023.

Ben Gagnon, Chief Mining Officer of Bitfarms, said, “In March, we increased BTC production 17% year-over-year, even with energy curtailment in Quebec and Paraguay as well as continued network growth. In Q1 2023, BTC price increased by 72%, outpacing network difficultly growth of 32.5%. As a result, industry mining revenue is up 31% dollars per TH in the quarter. Continued rising difficulty levels reflect increasing investment and bullish sentiment in the mining industry overall.

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