Bitcoin mining company Bitfarms released an update on production and operations for December 2022. 496 bitcoins were dug up in December, and a total of 5,167 bitcoins will be mined in 2022, a year-on-year increase of 50%. Additionally, Bitfarms sold 1755 BTC in December 2022 for a total proceeds of $29.9 million. As of December 31, 2022, Bitfarms' online computing power is 4.5 EH/s, an increase of 105% compared to December 2021; it holds approximately US$31 million in cash and cash equivalents.