Bitfarms: In December, the mining output was 211 BTC, and the company's Bitcoin reserves currently stand at 934 BTC

2025-01-02 20:48:53

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ChainCatcher news, according to GlobeNewswire, Bitcoin mining company Bitfarms has released its latest monthly production report, stating that the company mined 211 BTC in December 2024, compared to 207 BTC in November, reflecting an average operational EH increase of 4% and a Bitcoin difficulty increase of 7%. As of December 31, 2024, the operational speed was 12.8 EH/s, a year-on-year increase of 97%. Year-to-date, the company's BTC mining output totaled 4,928 BTC.

In addition, Bitfarms sold 147 of the 211 BTC earned from its regular capital management operations, with total proceeds of $14.3 million. The total liquidity is $147 million, which includes 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.

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