Bitfarms: Q1 output of 693 BTC, sold 428 BTC

ChainCatcher news, according to official sources, cryptocurrency mining company Bitfarms has released its Q1 2025 performance report. The company produced 693 BTC in Q1, with an average direct production cost of $47,800 per BTC and a total cash production cost of $72,300 per BTC, of which 428 bitcoins were sold in the first quarter.

Bitfarms' total revenue for the first quarter was $67 million, a year-on-year increase of 33%, with a mining gross margin of 43%, down from 63% in Q1 2024.