According to a report by Globe Newswire on August 12, the crypto mining company Bitfarms released its Q2 2025 financial report. The report shows that the company's total revenue for Q2 was $78 million, a year-over-year rise of 87%; the gross profit margin was 45%, down from 51% in the same period of 2024.
During the period, the company mined a total of 718 coins, with a direct production cost of $48,200 per coin. As of August 11, the company holds approximately $85 million in cash and about $145 million in unpledged Bitcoin, with total liquidity of around $230 million (as of August 11, 2025, t
During the period, the company mined a total of 718 coins, with a direct production cost of $48,200 per coin. As of August 11, the company holds approximately $85 million in cash and about $145 million in unpledged Bitcoin, with total liquidity of around $230 million (as of August 11, 2025, t
BTC-0.56%