As of the end of July, Bitcoin mining company Bitfarms operated a hash rate of 11.1 EH/s, a year-on-year increase of 109%

ChainCatcher news, Bitcoin mining company Bitfarms reported a 34% month-over-month increase in revenue due to enhanced mining power following upgrades and expansions of their mining rigs. In July, Bitfarms produced 253 BTC, worth approximately $16.2 million at current market prices, a significant increase compared to the 189 BTC (worth $12.1 million) produced in June.

As of July 31, the company reported an operating hash rate of 11.1 EH/s, a year-over-year increase of 109% and a month-over-month increase of 7%. Additionally, the company's average operating hash rate in July was 10.3 EH/s, a 36% increase from June.