According to PANews on January 2, and reported by Globenewswire, Bitcoin mining company Bitfarms announced its latest monthly production report, indicating that the company's mining operations generated 211 BTC in December 2024, compared to 207 BTC in November, reflecting a 4% increase in average operating EH and a 7% increase in Bitcoin difficulty. As of December 31, 2024, the operational speed was 12.8 EH/s, a year-on-year increase of 97%. Year-to-date, the company's BTC mining output totaled 4,928 BTC.
Additionally, Bitfarms sold 147 of the 211 BTC earned from the company's regular capital management operations for a total revenue of 14.3 million dollars. The total liquid capital amounts to 147 million dollars, which includes approximately 60 million dollars in cash as of December 31, 2024. Bitfarms' treasury increased by 64 BTC, bringing its balance to 934 BTC, valued at approximately 87.8 million dollars.
