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**Bitfarms Increased by 50% of Bitcoin Mining Yield After China's Ban**
**Toronto-based Bitcoin mining company Bitfarms has increased its Bitcoin mining yield by 50% since China's recent ban on cryptocurrency mining.**
The company, which has operations in Canada, Argentina, and Chile, said that it has been able to increase its hashrate by adding new miners and by relocating existing miners to more favorable jurisdictions.
**Bitfarms CEO Emiliano Grodzki said that the company is "well-positioned to continue growing our Bitcoin mining operations despite the recent challenges in China."**
"We have a strong team in place, and we are continuing to invest in our infrastructure to ensure that we can meet the growing demand for Bitcoin mining," Grodzki said.
**The company's increased hashrate comes at a time when the Bitcoin mining difficulty is also increasing.** The Bitcoin mining difficulty is a measure of how difficult it is to mine new Bitcoin, and it is adjusted every 2,016 blocks to keep the average time between blocks at around 10 minutes.
**The increase in the Bitcoin mining difficulty means that miners need to invest in more powerful hardware in order to maintain their current hashrate.** Bitfarms said that it is currently investing in new miners that will be delivered in the coming months.
**The company's increased hashrate and investment in new miners are a sign that it is confident in the long-term future of Bitcoin mining.** Bitfarms is one of the largest Bitcoin mining companies in the world, and it is well-positioned to benefit from the continued growth of the Bitcoin ecosystem.
**References**
* [Bitfarms Announces 50% Increase in Bitcoin Mining Yield](https://www.bitfarms.com/en/news/bitfarms-announces-50-increase-in-bitcoin-mining-yield/)
* [Bitcoin Mining Difficulty Increases to All-Time High](https://www.coindesk.com/bitcoin-mining-difficulty-increases-to-all-time-high)
* [Bitcoin Mining: A Beginner's Guide](https://www.investopedia.com/tech/bitcoin-mining-beginners-guide/)
**Bitfarms Increased by 50% of Bitcoin Mining Yield After China's Ban**
**Toronto-based Bitcoin mining company Bitfarms has increased its Bitcoin mining yield by 50% since China's recent ban on cryptocurrency mining.**
The company, which has operations in Canada, Argentina, and Chile, said that it has been able to increase its hashrate by adding new miners and by relocating existing miners to more favorable jurisdictions.
**Bitfarms CEO Emiliano Grodzki said that the company is "well-positioned to continue growing our Bitcoin mining operations despite the recent challenges in China."**
"We have a strong team in place, and we are continuing to invest in our infrastructure to ensure that we can meet the growing demand for Bitcoin mining," Grodzki said.
**The company's increased hashrate comes at a time when the Bitcoin mining difficulty is also increasing.** The Bitcoin mining difficulty is a measure of how difficult it is to mine new Bitcoin, and it is adjusted every 2,016 blocks to keep the average time between blocks at around 10 minutes.
**The increase in the Bitcoin mining difficulty means that miners need to invest in more powerful hardware in order to maintain their current hashrate.** Bitfarms said that it is currently investing in new miners that will be delivered in the coming months.
**The company's increased hashrate and investment in new miners are a sign that it is confident in the long-term future of Bitcoin mining.** Bitfarms is one of the largest Bitcoin mining companies in the world, and it is well-positioned to benefit from the continued growth of the Bitcoin ecosystem.
**References**
* [Bitfarms Announces 50% Increase in Bitcoin Mining Yield](https://www.bitfarms.com/en/news/bitfarms-announces-50-increase-in-bitcoin-mining-yield/)
* [Bitcoin Mining Difficulty Increases to All-Time High](https://www.coindesk.com/bitcoin-mining-difficulty-increases-to-all-time-high)
* [Bitcoin Mining: A Beginner's Guide](https://www.investopedia.com/tech/bitcoin-mining-beginners-guide/)
