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Bitfarms Q2 financial report: Profit from selling Bitcoin is $100 million, and currently holds 1,402 Bitcoins
6 hours ago

According to Odaily Planet Daily, Nasdaq-listed Bitcoin mining company Bitfarms released its second-quarter financial results for the period ending June 30, 2025. The company disclosed the establishment of a second principal executive office in New York City and the launch of a stock repurchase program. In the second quarter, the company sold 1,052 Bitcoins at an average price of $95,500, generating $100 million in gross proceeds and $78 million in total revenue, an 87% year-over-year increase. As of August 11, 2025, the company held 1,402 Bitcoins. (Globenewswire)

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