1. Bitfarms, the Bitcoin mining company, announced its Q1 2023 earnings report with a total revenue of $30 million, mining gross profit of $12 million, and gross profit margin of 42%. In addition, they mined 1,297 BTC at an average cost of $17,600 and sold 1,267 BTC at an average price of $22,500, resulting in a total revenue of $28 million, some of which will be used to pay off equipment-related debts.
Global Crypto Mining News (May 15 to May 21)
Global Crypto Mining News (May 15 to May 21)
Global Crypto Mining News (May 15 to May 21)
1. Bitfarms, the Bitcoin mining company, announced its Q1 2023 earnings report with a total revenue of $30 million, mining gross profit of $12 million, and gross profit margin of 42%. In addition, they mined 1,297 BTC at an average cost of $17,600 and sold 1,267 BTC at an average price of $22,500, resulting in a total revenue of $28 million, some of which will be used to pay off equipment-related debts.