Canadian Miner Bitfarms Earned $60M In The Last Quarter

Canadian cryptocurrency miner Bitfarms announced today that it has released its annual report for the fourth quarter of 2021, generating $60 million in revenue for the period.

The company’s fourth-quarter revenue increased 33 percent from the $45 million figure in the previous quarter, according to the SEC statement released today.

net in the fourth quarter of 2020 5 million dollars Bitfarms, which hurts, in the last quarter of last year $10 million net income achieved.

Bitfarms bought and installed more than 7 thousand miners in the last quarter of last year alone. The company has about 11,000 more devices that it has received since the beginning of this year or is still in the shipping phase.

at the end of last year Hash rate of 2.2EH/s Bitfarms, which has a to 2.7EH/s took it out. The company hash rate by the end of this year To have increased it to 7.2EH/s aims.

As of 31 December 2021 on the company’s balance sheet $126 million worth of cash; 3 thousand 301 bitcoins exists. The company also announced on January 6, 2022. thousand bitcoins he bought.

source site-9