Bitfarms produced 233 BTC and sold 147 BTC in August

According to Foresight News, Bitcoin mining company Bitfarms produced 233 BTC in August and sold 147 of them for a total profit of $8.8 million. In July, it increased by 86 BTC, bringing its treasury balance to 1103 BTC, valued at $65.1 million based on BTC price of $59000 as of August 31, 2024. Bitfarms stated that its goal is to expand to 950 megawatts by the end of 2025, with nearly 50% of its production capacity located in the United States.