Bitfarms reports revenue growth despite a decline in mining margin in the first quarter of 2025 According to Foresight News, Bitfarms published its financial results for the first quarter of 2025. The company produced 693 #BTC in this period, with direct production costs of $47,800 per BTC and total cash production costs of $72,300 per #BTC . In the first quarter, Bitfarms sold 428 bitcoins. The company's total revenue for the quarter reached $67 million, which is 33% higher compared to the same period in 2024. However, the gross mining margin decreased to 43%, compared to 63% in the first quarter of 2024.