TechFlow reported on September 3 that Bitcoin mining company Bitfarms released its operational data for August 2024. The company produced a total of 233 bitcoins in August, selling 147 of them for total proceeds of $8.8 million. At month-end, Bitfarms' treasury bitcoin balance increased to 1,103 coins, worth approximately $65.1 million based on Bitcoin's price of $59,000 on August 31. The company stated it plans to expand its capacity to 950 megawatts by the end of 2025, with nearly 50% located in the United States.
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