CoinVoice has recently learned that the cryptocurrency mining company Bitfarms released its Q1 2025 performance report. The company produced 693 BTC in Q1, with an average direct production cost of $47,800 per BTC and a total cash production cost of $72,300 per BTC, of which 428 bitcoins were sold in the first quarter.

Bitfarms' total revenue for the first quarter was $67 million, a year-on-year increase of 33%, with a mining gross margin of 43%, down from 63% in Q1 2024.[Original link]