Bitfarms revenue in the second quarter increased by almost 400%.

Shares of Canadian mining company Bitfarms rose 0.5% to $ 6.42 after-market after the results were announced on Monday August 17. The end of cryptocurrency mining in China has boosted Bitcoin's value, and its share price has risen nearly 240% this year. The company mined 759 bitcoin in the second quarter, and the average price of each bitcoin was around $ 9,000. As of June 30, 2021, the company had 1,293 bitcoins, each valued at $ 35,057, $ 45.3 million. Bitfarms CEO Emiliano Grodzki said: “The second quarter of 2021 is an important quarter for our business. From the start of 2021 to 2022, we expect our production capacity to increase eightfold and our region is located across North and South America. Bitcoin value continues to fluctuate, current market is good for our global operations. mining without cryptocurrency, blocking almost half of the network hashrate at the start of the year, less than 1.0% to just over 1.5% (Coindesk)