Bitcoin mining company Bitfarms' operating computing power was 11.1 EH/s by the end of July, a year-on-year increase of 109%.

Odaily News Bitcoin mining company Bitfarms reported a 34% month-on-month increase in revenue due to increased mining power after mining machine upgrades and expansions. In July, Bitfarms produced 253 BTC, worth approximately $16.2 million at current market prices, a significant increase from the 189 BTC ($12.1 million) produced in June. The company reported an operating power of 11.1 EH/s as of July 31, a year-on-year increase of 109% and a month-on-month increase of 7%. In addition, the company's average operating power in July was 10.3 EH/s, an increase of 36% from June. (Cointelegraph)