Bitfarms' Impressive Fourth Quarter and Full-Year

The latest news from Odaily Planet Daily! Bitcoin mining company Bitfarms recently announced its fourth quarter and full-year financial report for 2023, and the results are impressive ! Data Display:

In the fourth quarter, Bitfarms’ mining output reached 1,236 BTC, and its gross profit margin increased significantly from 38% in the third quarter of 2023 to 52%! For the whole year of 2023, the company’s mining output totaled 4,928 BTC, which can be described as fruitful.

In addition, Bitfarms increased its computing power by 7% to 6.5 EH/s by installing 2,300 mining machines at the end of 2023. At the same time, the company also installed approximately 600 MicroBT M50 WhatsMiners and 200 Bitmain S19j Pro+ Antminers, increasing capacity to 54 MW and adding 0.1 EH/s, bringing the total hash rate of the mine to approximately 1.6 EH/s.

In general, Bitfarms will have a strong performance in 2023, with mining output and gross profit margin increasing significantly, and the mining farm’s computing power also being greatly improved. Let’s wait and see how this Bitcoin mining company develops in the future!

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