– Revenue of $50 million, up 9% Q/Q and 67% Y/Y — Gross mining margin of 59%, up from 52% in Q4 2023 & 41% in Q1 2023 — Secured additional 24,000 miners in March, increasing total delivery to 88,000 in 2024 — Current hashrate of 7.0 EH/s, up from 6.5 EH/s at year end — On track to achieve guidance of 21 EH/s and 21 w/TH in 2024 –
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023.
TORONTO, Ontario and BROSSARD, Québec, May 15, 2024 (GLOBE NEWSWIRE) — Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin vertically integrated company, reported its financial results for the first quarter ended March 31, 2024. All financial references are in U.S. dollars.
Executing the expansion and transformative fleet upgrade, Bitfarms has realized notable efficiency gains and is progressing toward 2024 guidance of 21 EH/s and 21 w/TH, repres
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