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In Q1 2023, the bitcoin miner's net loss per share narrowed to 1 cent, from 8 cents the previous quarter.

More than 2,000 new miners were activated earlier this week, with the firm aiming for even further expansion by year's end.

Bitfarms is shooting for 6 exahash per second of computing power by the end of 2023, the same goal it had set and missed for 2022.

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