Bitfarms mined 211 BTC in December and sold 147 BTC

Odaily Odaily Bitcoin mining company Bitfarms released its latest monthly production report. The company's mining operations in December 2024 produced 211 BTC, a 2% increase from the previous month and a 53% decrease from the previous year. As of December 31, 2024, the operating speed was 12.8 EH/s, a year-on-year increase of 97%. The company's BTC mining output has totaled 4,928 since the beginning of the year. In addition, Bitfarms sold 147 of the 211 BTC earned from the company's regular fund management business, with total proceeds of US$14.3 million. Total liquidity is US$147 million, including approximately US$60 million in cash as of December 31, 2024. The Bitfarms treasury added 64 BTC, bringing its balance to 934 BTC, worth approximately US$87.8 million. (Globenewswire)