Bitcoin miner Bitfarms_io says it will reach 6 EH/s of computing power by the end of the third quarter. egreechee reports.
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 hadAt the time of writing, the miner's shares were up 7% in pre-market trading.quarter before
, while its gross mining margin improved to 42%, from 33% the previous quarter. Its mining margin was 76% in Q1 2022. The miner reported revenue of $30 million in the first quarter in 2023, compared with $27 million the quarter before and $40 million the year prior.
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