Bitfarms: Mined 211 BTC in December and sold 147 BTC

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Blockbeats
2 days ago
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On January 2, Bit mining company Bitfarms released its latest monthly production report, with the company's Bit mining operations in December 2024 producing 211 BTC, an increase of 2% month-over-month and a decrease of 53% year-over-year. The company's total BTC mining production so far this year is 4,928 BTC. In addition, Bitfarms sold 147 of the 211 BTC earned from its regular treasury management business, for total proceeds of $14.3 million. The total liquid assets are $147 million, including approximately $60 million in cash as of December 31, 2024. Bitfarms added 64 BTC to its treasury, bringing its balance to 934 BTC, worth approximately $87.8 million.

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