In its monthly update, #Bitfarms disclosed earning 156 #BTC in May, marking a 42% decrease from the previous month and a 66% drop year over year.
Of the total earned, 136 BTC were sold, resulting in proceeds of $8.9 million (down from $16.1 million in April), as part of the company’s routine treasury management.
The average of 24.5 BTC per EH/s saw a 45% decline in May, attributed to the transition to "post-halving economics."
Bitfarms recently made waves by turning down a nearly $1 billion acquisition proposal from #Riot Platforms.
