Mining company Bitfarms Q1 produced 693 BTC and sold 428 BTC
On May 14, crypto mining company Bitfarms released its 2025 Q1 results report. The company produced a total of 693 BTC in Q1. The average direct production cost of a single BTC was US$47,800, and the total cash production cost of each BTC was US$72,300, of which 428 bitcoins were sold in the first quarter. Bitfarms 'total revenue in the first quarter was US$67 million, a year-on-year increase of 33%, and mining gross margin was 43%, down from 63% in the first quarter of 2024.
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