Bitfarms Ltd. reported production results for the month of September 2022. For the month, company reports 4.2 EH/s online as of September 30, 2022, up 180% from September 2021 and 8% from August 31, 2022, 3.95 EH/s average online for month of September. 122 BTC/average EH/s for the month of September, down 42% from 211 in September 2021 and down 13.5% from 141 in August 2022.

481 new BTC mined during September 2022, up 57% from September 2021 and down 10% from August 2022. The decrease from August 2022 production was primarily due to a 13% increase in network difficulty, a brief farm outage and a shorter month. 16.0 BTC mined daily on average in September, equivalent to about USD 310,400 per day and approximately USD 9.31 million for the month based on a BTC price of USD 19,400 on September 30, 2022.