@Benerci 16 August 2022 more from that month

Bitcoin Miner Bitfarms Posts $142M Loss in Q2 as Rising Energy Prices Bite The company acquired 9,000 new mining rigs and increased its hash rate, but lagging Bitcoin prices still hurt its bottom line. Publicly traded Bitcoin mining company Bitfarms saw a $142 million net loss in the second quarter, the company reported today. During the quarter, Quebec-based Bitfarms sold 3,357 Bitcoin for $69.3 million, in part to pay down the outstanding balance on a loan from Mike Novogratz's Galaxy Digital. By the end of June, the company held 3,144 BTC worth approximately $62 million, it said in its U.S. Securities and Exchange Commission filing. #bitcoin #btc #mining