According to ChainCatcher, crypto mining company Bitfarms released its Q1 2025 performance report, producing a total of 693 BTC in Q1, with an average direct production cost of $47,800 per BTC, and a total cash production cost of $72,300 per BTC, of which 428 Bit were sold in the first quarter.
Bitfarms' total revenue for the first quarter was $67 million, a year-on-year increase of 33%, with a mining gross profit margin of 43%, lower than the 63% in the first quarter of 2024.
