What To Know: Bitfarms said it mined 233 Bitcoin in August, down from 253 in July and down from 383 on a year-over-year basis as a result of the increase in average network difficulty during the month. The company noted that it earned an average of 7.5 Bitcoin per day during the month.
Bitfarms sold 147 of the 233 Bitcoin it earned for total proceeds of $8.8 million as part of the company’s regular treasury management practice. The company noted that its total Bitcoin holdings grew to 1,103 during the quarter.
Bitfarms ended the period with an operational hashrate of 11.3 EH/s, up 102% year-over-year.
Riot is proposing Amy Freedman and John Delaney as board nominees, reducing its proposal from three directors to two. Riot wants Freedman and Delaney to replace co-founder Andres Finkielsztain and Fanny Philip.
See Also: Bitcoin Bulls Eye November Rally As Seasonal Patterns Emerge
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