RTTNews | Aug 9, 2021 08:04AM EDT

08:03 Monday, August 9, 2021 (RTTNews.com) - 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.

Bitfarms, which is powering about 1.5% of the Bitcoin network with greater than 99% green hydroelectricity, has mined 1,748 Bitcoin in the first seven months of 2021, the company stated.

The company is scheduled to report its second quarter results on August 16, 2021.

BITF closed Friday's regular trade at $5.95, up 15.98%. The stock is currently at $7.25.

Read the original article on RTTNews ( https://www.rttnews.com/3217311/bitfarms-zooms-21-on-achieving-largest-monthly-production-bitcoin-rally.aspx)

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