Bitcoin miner Bitfarms (BITF) accelerated its stated timeframe for reaching 6 exahash/second (EH/s) of computing power, as its per-share loss narrowed significantly quarter-on-quarter, according to a press release on Monday.
The miner said that it expects to hit the 6 EH/s goal by the end of the third quarter, as opposed to its previous goal of 2023-end. Its hashrate stood at 5 EH/s at the end of Q1. However, the firm had previously said it would reach 6 EH/s at the end of 2022.
At the time of writing, the miner’s shares were up 7% in pre-market trading.
Trending: Dozens Of Children Go Missing In Cleveland In Just Two Weeks In Disturbing Trend
Bitfarms saw its net loss per share
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!