Bitfarms, a publicly traded Bitcoin mining company based in Canada, recently announced its production and sale statistics for December 2022. The company mined 211 Bitcoin during the month. However, it also sold 147 Bitcoin, leaving it with a total of 934 Bitcoin in reserve. The sale of such a large portion of its mined Bitcoin suggests that Bitfarms may be seeking to raise cash to cover operating costs or invest in new equipment. The company has been struggling with profitability in recent months due to the bear market in cryptocurrencies. However, the recent rise in the price of Bitcoin may have prompted Bitfarms to take advantage of the opportunity to sell some of its holdings at a higher price. Despite the sale, Bitfarms remains one of the largest publicly traded Bitcoin mining companies in the world. The company has a hashrate of over 4 exahashes per second, which makes it one of the most powerful Bitcoin mining pools in the world.

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