Mining Production
- 2.3 EH/s online.
- 298 new BTC mined during February 2022, up 67% from February 2021.
- 10.6 BTC mined daily on average in February, equivalent to about US$455,800 per day and totaling approximately US$12.8 million for the month based on a BTC price of US$43,000 on February 28, 2022.
- 283 BTC from mining deposited into custody in February.
- 4,883 BTC in custody on February 28, 2022, representing a total value of approximately US$210 million based on a BTC price of US$43,000.
Mining Operations
- 7,400 new Bitcoin miners capable of 740 PH have been received in February or are in transit. The Chinese New Year, which ran from January 31 through February 15, 2022, slowed miner production and deliveries; thus, most of the February shipments occurred in the latter half of the month.
- Currently finalizing the first 12 MW capacity at The Bunker site in Sherbrooke, which will immediately make operational over 3,000 new miners and add over 300 PH/s to Bitfarms’ online hashrate.
- Neared completion of the first 16 MW capacity at the Leger site in Sherbrooke, which is scheduled to be online in a few weeks. When operational, Leger will immediately utilize over 4,000 new miners and add more than 400 PH/s to Bitfarms’ online hashrate.
- 2,000 used Bitcoin miners moved or are in transit to the company’s Paraguay farm where they are being efficiently redeployed to add an additional 100 PH/s.
Bitfarms’ BTC 2022 Monthly Production
| Month | BTC |
| January | 301 |
| February | 298 |
