Bitfarms, the Bitcoin (BTC) mining company operating globally, has released its mining report for April 2022. According to the report, Bitfarms increased its BTC production by 75% compared to last year.
The company, which announced that it produced a total of 405 Bitcoins in April, earned a total of $ 15.6 million in revenue. Bitfarms, which produces an average of 13.5 BTC per day, has added around $522,000 to its wallet every day.
Bitfarms, which mined with a power of 2.7 EH/s in March, increased this data by 22% to 3.3 EH/s in April.
Bitfarms has made most of the increase in mining power with the newly implemented 5,900 mining devices. It was learned that the company's BTC mining capacity was also increased from 16 megawatts to 137 megawatts, taking into account future mining devices.
403 of 405 Bitcoins Produced by the Company in April Have Been Added to Bitfarms Reserves
Bitfarms added 403 of the 405 BTC it produced to its wallet. With this last production, the company's total Bitcoin reserves reached 5,646 BTC as of April 30, 2022. Calculated with the BTC price at the time of this writing, the company has a total of approximately $218 million worth of BTC in reserves.
Bitfarms also reported that a proprietary software for the management of BTC miners, which has been in beta testing for the past nine months, has now been released. With the software in question, advanced controls, monitoring, sensors, alarms, visualizations and performance measurements will be provided for hundreds of thousands of miners, according to Bitfarms statements.
Bitcoin price is changing hands around $38.534 at the time of writing, according to CoinGecko data. The last 24-hour trading volume of Bitcoin (BTC) is $30,712.006,943. BTC price is up 1.8% in the last 24 hours.