Bitcoin mining company Bitfarms announced its latest monthly production report, revealing that it mined 211 BTC in December 2024, representing a 2% increase month-over-month and a 53% decrease year-over-year. As of December 31, 2024, the operational speed was 12.8 EH/s, a 97% increase year-over-year. Year-to-date, the company's BTC mining output totaled 4,928 BTC. Additionally, Bitfarms sold 147 of the 211 BTC earned from its regular fund management operations, generating total revenue of $14.3 million. The total liquidity stood at $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. (Globenewswire)
