Bitfarms: Mined 211 BTC in December, sold 147 BTC
Bitcoin mining company Bitfarms released its latest monthly production report, revealing that the company's mining operations produced 211 BTC in December 2024, a month-over-month increase of 2% and a year-over-year decrease of 53%. As of December 31, 2024, the operational speed was at 12.8 EH/s, an increase of 97% year-over-year. The company's total BTC mining output for the year to date amounted to 4,928 BTC. Additionally, Bitfarms sold 147 out of the 211 BTC earned from regular treasury management activities for total proceeds of $14.3 million. Total liquid assets were $147 million, including approximately $60 million in cash as of December 31, 2024. Bitfarms' treasury increased by 64 BTC, bringing its balance to 934 BTC valued at approximately $87.8 million. (Globenewswire)
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