Bitcoin miner Bitfarms (BITF) accelerated its stated timeframe for reaching 6 exahash/second (EH/s) of computing power, as its per-share loss narrowed significantly quarter-on-quarter, according to a press release on Monday.

The miner said that it expects to hit the 6 EH/s goal by the end of the third quarter, as opposed to its previous goal of 2023-end. Its hashrate stood at 5 EH/s at the end of Q1. However, the firm had previously said it would reach 6 EH/s at the end of 2022.

At the time of writing, the miner’s shares were up 7% in pre-market trading.

Bitfarms saw its net loss per share narrowed significantly to 1 cent, from 8 cents the quarter before, while its gross mining margin improved to 42%, from 33% the previous quarter. Its mining margin was 76% in Q1 2022.

The miner reported revenue of $30 million in the first quarter in 2023, compared with $27 million the quarter before and $40 million the year prior.

Up to April 2023, Bitfarms has sold 1,646 bitcoins (BTC) for $38 million.