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OverviewAPI
Bitfarms, a global bitcoin mining company, reported its Q2 2023 financial results, with a focus on mining activities, HODL, and acquisitions. The company achieved a hashrate target of 7.0 EH/s for Q1 2024 and acquired contracts for low-cost hydropower in Paraguay. It also initiated the deployment plan for a new 50 MW farm in Paso Pe, with production expected to grow by 20% in Q3 2023. Bitfarms reported revenue, a net loss, and Adjusted EBITDA for the quarter.

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