Bitfarms says mined over 3,000 bitcoin in 2021 through November; shares up 2% premarket

Bifarms (NASDAQ:BITF) trades 1.6% higher premarket after reporting November bitcoin production to 339 from 343 in October taking the total BTC (BTC-USD) mined to 3,089 in the first eleven months of 2021. As of effective Nov.25, the company reported 2.1 EH/s. The company mined 11+ BTC mined daily on average, equivalent to about $649K/day based on a BTC price of $59K on Nov.30. Through Nov.30, the company deposited Nov.30 BTC into custody for the year representing ~96% of Bitfarms' 2021 BTC production with a total value of ~$175M based on a BTC price of $59K. In November Bitfarms' mining operations, 3,588 Bitmain S19j Pro miners received and installed, 400 MicroBT M30S miners received and installed. The remaining 702 Bitmain S19j Pro scheduled for delivery are expected to be received in the first half of December. Contractually secured 1,200 Bitmain S19 XP miners for delivery in 2022 – at 140 Terahash per second the most powerful and efficient miner available in the market today. Bitfarms reiterates its