Bitfarms Releases Q1 Financial Report: Holds 1,166 Bitcoins
Nasdaq-listed Bitcoin mining company Bitfarms released its Q1 2025 financial report, with revenue reaching $67 million, a year-on-year increase of 33%; the gross profit margin for Bitcoin mining was 43%, lower than last year's 63%. The net loss for this quarter was $36 million. As of May 13, Bitfarms held approximately $150 million in liquid assets and a total of 1,166 Bitcoins.
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