Odaily Planet Daily News Bitcoin mining company Bitfarms Ltd. announced its financial results for the first quarter ending March 31, 2024. Its computing power reached 7.0 EH/s last quarter, higher than 6.5 EH/s in the first quarter of 2024, producing an average of 10.4 BTC per day. In addition, Bitfarm's total financial revenue in the first quarter of 2024 reached US$50 million, an increase of 9% from US$46 million in the fourth quarter of 2023; operating losses were US$24 million, including US$19 million in accelerated depreciation of old mining machines, while operating losses in the fourth quarter of 2023 were US$13 million, including a non-cash reversal of US$1 million in digital asset revaluation losses and US$2 million in non-cash impairment charges. The company produced a total of 943 bitcoins in the first quarter. (globenewswire)