Bitfarms Q1 produced 693 BTC and sold 428 BTC.
2025-05-14 11:25:29
On May 14th, crypto mining company Bitfarms released its 2025 Q1 performance report. The company produced a total of 693 BTC in Q1, with an average direct production cost of $47,800 per BTC and a total cash production cost of $72,300 per BTC. Quarter 1 sold 428 bitcoins. Bitfarms Quarter 1's total revenue was $67 million, an increase of 33% year-on-year, and the mining gross margin was 43%, lower than Quarter 1's 63% in 2024.
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