Summary by Moomoo AI
On August 1, 2024, Bitfarms Ltd., a global Bitcoin mining data center company, filed a material change report with the Canadian Securities Regulatory Authorities and the United States Securities and Exchange Commission. The report included a press release detailing the company's July 2024 production and operations update. Bitfarms earned 253 BTC in July, increasing their Bitcoin holdings to 1,016 BTC and raised their operational hashrate to 11.1 EH/s. CEO Ben Gagnon highlighted the company's growth since the April halving event, with a 62% increase in Bitcoin mined per month. Operational challenges were addressed, including the replacement of underperforming miners by Bitmain at no cost to Bitfarms. CFO Jeff Lucas confirmed that the company's growth and efficiency plans are fully funded, with sufficient liquidity...Show More