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Bitfarms Zooms 21% On Achieving Largest Monthly Production, Bitcoin Rally

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Shares of bitcoin mining company Bitfarms Ltd. (BITF) are up more than 21% in pre-market on Monday.

The last 3 days saw a rally of more than 20% in bitcoin price to the current level of $45,667 as of this writing.

On August 5, Bitfarms had said that it achieved its largest monthly production of 391 bitcoins in July, about 96% more than 199 produced in January 2021. The Company is currently mining between 121/2 and 131/2 Bitcoin in a day.

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Global Economics Weekly Update -June 15 - June 19, 2026

June 19, 2026 16:46 ET
Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.