Bitfarms Mined 693 BTC in Q1, Sold 428 BTC
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Cryptocurrency mining company Bitfarms released its Q1 2025 performance report, stating that 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. In the first quarter, 428 bitcoins were sold. 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.
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