Bitfarms Mined 405 Bitcoin In April, Now Holds 5,646 BTC Today

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  • Bitfarms, a publicly traded bitcoin mining company, released bitcoin production results and a mining operations update for April 2022.
  • The total revenue reached 405 BTC for the month, netting a total of $15.6 million.
  • Of the 405 BTC mined, 403 BTC were deposited into custody, leaving Bitfarms with a reserve of 5,646 BTC, worth approximately $218 million.

Bitfarms Ltd. (Nasdaq: BITF, TSX: BITF), a globally distributed mining company, released a production update for April 2022 detailing an increase of 75% year-over-year (YoY) in bitcoin mined, per a press release sent to Bitcoin Magazine.

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