<p>Wednesday was a difficult day for most Bitcoin miners on the stock markets.</p> <p>Some fell by double digits, like Core Scientific (-14.16%) and Hut 8 (-11.31% on the Toronto Stock Exchange).</p> <p>Bitfarms, which put out an <a href="https://bitfarms.com/app/uploads/2022/05/Bitfarms-PR-22-06-01-MayProduction.V5Final-.pdf">operational update</a> about the month of May, saw its stock go down by -6.47% on Nasdaq and -6.69% on the Toronto Stock Exchange. </p> <p>Per the statement, daily average production of bitcoin increased to 13.9 BTC a day — up 3% from April. Biftfarms mined 431 BTC in May, ending the month with 3.4 exahash per second online.</p> <p>“Bitfarms’ mining operations remain profitable, even with the drop in Bitcoin prices,” said Ben Gagnon, chief mining officer of Bitfarms.</p> <p><em>Here's how crypto mining companies performed on Wednesday, June 1:</em></p> <p><img class="alignnone wp-image-149735 size-full" src="https://www.tbstat.com/wp/uploads/2022/06/Screen-Shot-2022-06-01-at-9.20.16-PM.png" alt="" width="1910" height="1228" /></p> <p>&nbsp;</p> <p>&nbsp;</p> <div class="newsletterArticle" data-v-301b2fcc=""> <div class="newsletterArticle-pitch" data-v-301b2fcc=""> <div class="newsletterArticle-message" data-v-301b2fcc=""> </div> </div> </div>