Bitcoin mining company Bitarms will invest nearly $240 million to upgrade its Bitcoin mining equipment, with the goal of maintaining profitability after Bitcoin halves in 2024. Bitarms CFO Jeffrey Lucas stated that the company has purchased 88000 efficient Bitcoin mining machines.
Bitcoin mining company Bitfarms updated its production and operations in March 2024, producing 286 BTCs in March, a decrease of 5% from the previous month and 33% year-on-year. In February, 300 BTCs were produced.