Bitfarms Hits Record High Hashrate in October and Forecasts Additional Growth

Posted on by American Coins & Gold

Bitfarms Hits Record High Hashrate in October and Forecasts Additional Growth
Canadian miner Bitfarms plans to grow its mining capacity to more than 2 exahashes (EHs) per second in November after hitting a record hashrate last month, according to a SEC filing on Monday.The miner’s October bitcoin product rose 12.5% from September, due to production from its newly built, larger facility in Cowansville, Québec. The company increased its mining capacity to 1.8 exahashes.“With new miner deliveries en route and deliveries continuing throughout November, this month we expect to grow our hashrate to over 2 EH/s and improve our electrical efficiency to 44 watts per terahash,” CEO Emiliano Grodzki said in the…