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Mining Firm Bitfarms Releases Q2 Financial Report: Total Revenue $78 Million, Holds 1,402 Bitcoins

By: theblockbeats.news|2025/08/12 12:32:02

BlockBeats News, August 12, U.S.-listed Bitcoin mining firm Bitfarms released its second-quarter financial performance report for the period ending June 30, 2025. The report disclosed that the company has established a second primary executive office in New York City and initiated a stock repurchase program. During the second quarter, the company sold 1,052 bitcoins at an average price of $95,500, generating total revenue of $100 million. The company's total revenue was $78 million, representing an 87% year-over-year increase. As of August 11, 2025, the company held 1,402 bitcoins.

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