According to Odaily Planet Daily, Bitcoin mining company Bitfarms announced that its mining output in December 2024 was 211 BTC, a 2% increase from the previous month and a 53% decrease from the previous year. As of December 31, the operating speed was 12.8 EH/s, a year-on-year increase of 97%.
Bitfarms has mined a total of 4,928 BTC so far this year. The company sold 147 of its 211 BTC, making a profit of $14.3 million. Total liquidity is $147 million, including about $60 million in cash.
The Bitfarms vault added 64 BTC, bringing the balance to 934, worth approximately $87.8 million.
