Bitfarms Records $40m in Total Revenue and 900 BTC Mined in Q1 2022 - BitcoinEthereumNews.com
BitcoinBitfarms ने कुल राजस्व में $40m रिकॉर्ड किया और 900 की पहली तिमाही में 1 BTC खनन किया गया05 / 17 / 2022बिटकॉइन एथेरियम समाचार Bitfarms Ltd, a Canadian Bitcoin mining company, anounced its financial results for the first quarter ended March 31, 2022. Bitfarms said on Monday that it has mined 961 Bitcoin (BTC) at an average cost of production of $8,700/BTC during Q1 2022. The Toronto-based Bitfarms admitted that financial results in Q1 2022 were significantly impacted by the decline in the market price of Bitcoin during the quarter as compared to Q4 2021. The firm said it increased total revenues to $40 million in Q1 2022, up 40%, from $28 million in Q1 2021, but a decrease from $60 million in Q4 2021. Geoff Morphy, Bitfarms President and chief operating officer, talked about the development and said: “We delivered another profitable quarter in Q1 2022, even with the decline in बीटीसी मूल्य, and revenues were up 42% compared to Q1 2021. We have grown faster than the BTC network, as our hashrate at quarter-end was 2.7 Exahash per second (EH/s), up 22% from December 31, 2021. As of today, our hashrate is 3.4 EH/s, representing about 1.5% market share.” Bitfarms mentioned that