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International Business Times
International Business Times
Business
Marvie Basilan

Embattled Bitfarms Mines 189 Bitcoin In June Amid Ensuing Riot Platforms Clash

Bitfarms is expanding in Paraguay and operating as usual in existing locations in Canada. (Credit: Bitfarms Twitter Video/Screenshot)

KEY POINTS

  • Bitfarms did sell most of the Bitcoins it mined in June amid the halving's impact and falling prices
  • The mining firm earned more BTC in June than in May and added new Bitmain T21 miners in Quebec sites
  • Riot attempted to acquire the mining firm for $950 million, an offer Bitfarms said was an undervaluation

Bitcoin mining firm Bitfarms has been under increasing pressure in recent weeks following a hostile takeover attempt by another crypto miner, Riot Platforms. However, it continues to operate as usual and even managed to earn 189 Bitcoins in the past month.

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