Bitcoin miner Bitfarms (NASDAQ:BITF) mined 759 Bitcoin (BTC-USD) at an average cost of ~$9K/BTC and held 1,293 BTC worth ~$45.3M, as of June 30, 2021. One Bitcoin is worth $46.2K as of Monday. This compares to 598 BTC mined in Q1, at an average cost per BTC of $8.4K. Bitfarms shares rise 0.9% in after-hours trading. "From the beginning of 2021 through the end of 2022, we expect to have increased our capacity eight-fold and have expanded our geographic resources throughout North and South America while continuing to pursue opportunities elsewhere," CEO Emiliano Grodzki said in a statement. Q2 revenue of $36.7M beat the consensus estimate of $22.7M, and rose from $29.3M in the year-ago quarter; driven mainly by increasing the average hash rate by ~618 PH/s, or 89%. Q2 adjusted EBITDA of $23.8M, up from $1.44M in Q2 2020. Net loss of $3.68M in Q2 vs. a loss of $3.73M
