According to reports from Wu, Bitcoin mining company Bitfarms announced its Q1 2025 financial report, with revenue reaching $67 million, a year-over-year increase of 33%. The gross margin for Bitcoin mining is 43%, down from 63% in the same period last year.
The net loss for this quarter is $36 million. As of May 13, Bitfarms holds approximately $150 million in liquid assets and a total of 1,166 Bitcoins.
