CoinVoice has learned that, according to GlobeNewswire, the Bitcoin mining company Bitfarms has released its latest monthly production report, showing that the company mined 211 BTC in December 2024, compared to 207 BTC in November, reflecting an average operating EH increase of 4% and a Bitcoin difficulty increase of 7%. As of December 31, 2024, the operating speed was 12.8 EH/s, representing a year-on-year increase of 97%. Year-to-date, the company's BTC mining output totaled 4928 BTC.
Additionally, Bitfarms sold 147 of the 211 BTC earned from its regular fund management business, with total proceeds of $14.3 million. Total liquidity is $147 million, including approximately $60 million in cash as of December 31, 2024. The Bitfarms treasury increased by 64 BTC, bringing its balance to 934 BTC, valued at approximately $87.8 million. [Original link]
