“Hey there, crypto enthusiasts! Let’s dive into some exciting news from Bitfarms, a leading Bitcoin mining company. According to BlockBeats, they just released their latest monthly production report, and it’s packed with some interesting insights.
So, what happened in December 2024? Well, Bitfarms’ mining operations produced a whopping 211 BTC, which is a 2% increase from the previous month. However, if we look at the bigger picture, their year-on-year production is down by 53%. Still, their total BTC mining output for the year stands at an impressive 4,928.
But that’s not all – Bitfarms also made some smart moves with their earnings. They sold 147 of the 211 BTC they mined, raking in a cool $14.3 million. And, as of December 31, 2024, their total liquidity is a staggering $147 million, with around $60 million of that in cold, hard cash. The cherry on top?
Bitfarms added 64 BTC to their vault, bringing their balance to a whopping 934 BTC, worth approximately $87.8 million. Not bad for a month’s work, right? Want to learn more about Bitfarms and their mining operations? Check out the source link for all the juicy details!”
The post Bitfarms Sees 2% Monthly Increase in BTC Production appeared first on CoinBuzzFeed.
