TSE Sponsored :Global Crypto Mining News (May 16 to May 22)
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1. BitFarms announces that it mined 961 Bitcoin in Q1 2022 at an average cost of $8,700/Bitcoin and revenues improved to $40 million in Q1 2022, up 42% from $28 million in Q1 2021. Bitfarms presented a 33.3% decrease in total revenue compared to last quarter, totaling $40 million. Gross mining margins dropped to 76%, compared to 84% in Q4 2021. It is also scaling back its growth plans for 2022 due to logistics and supply chain issues related to higher gas prices. It currently operates 3.4 EH/s, representing about 1.5% market share.
TSE Sponsored :Global Crypto Mining News (May 16 to May 22)
TSE Sponsored :Global Crypto Mining News (May…
TSE Sponsored :Global Crypto Mining News (May 16 to May 22)
1. BitFarms announces that it mined 961 Bitcoin in Q1 2022 at an average cost of $8,700/Bitcoin and revenues improved to $40 million in Q1 2022, up 42% from $28 million in Q1 2021. Bitfarms presented a 33.3% decrease in total revenue compared to last quarter, totaling $40 million. Gross mining margins dropped to 76%, compared to 84% in Q4 2021. It is also scaling back its growth plans for 2022 due to logistics and supply chain issues related to higher gas prices. It currently operates 3.4 EH/s, representing about 1.5% market share.