Bitfarms Reports 21% Production Increase, Fends Off Riot Platforms

Quick Summary:

Bitfarms reported a 21% increase in Bitcoin production in June despite facing a takeover attempt by Riot Platforms.

Bitfarms has reported a notable 21% increase in Bitcoin production despite a challenging market environment, while Michael Saylor of MicroStrategy continues to champion Bitcoin as a key investment, urging investors to capitalize on recent price surges.

However, this setback was somewhat mitigated by a 0.8% decrease in network difficulty compared to May, allowing Bitfarms to maintain a steady level of production.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaParaguayUnited States

Topics: Production News Increase Latest News 21 Reports Fends Off Bitfarms Riot Platforms

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-03 @ 13:56:25 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 36 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21471862

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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Year Established: 2020

Headquarters: India

News Last Updated: 13 hours ago

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