Bitfarms Reports $78 Million Revenue and Sells 1,052 Bitcoins
Bitfarms Financial Results Q2 2025
- Total revenue reached $78 million, an increase of 87% year-over-year.
- Sold 1,052 Bitcoins at an average price of $95,500, generating $100 million in proceeds.
- Retains 1,402 Bitcoin in its treasury as of August 11, 2025.
- Opened a second executive office in New York City and initiated a stock repurchase program.
- Expanded Panther Creek energy capacity to 50 MW by 2026 and plans for 300 MW by 2027.
- Partnered with T5 Data Centers for HPC/AI development.
Operational Shift
- Secured a $300 million line of credit from Macquarie for a Pennsylvania HPC facility.
- Sold a Paraguay mining site to Hive Digital for $85 million.
- Previous quarter showed a $36 million net loss compared to a $6 million loss last year.
- Strategically shifting focus from traditional Bitcoin mining to AI-oriented HPC infrastructure.
Bitcoin Market Insights
- Bitcoin price topped $121K but is currently trading near $119,000.
- Trading volume decreased by 15% recently.
- Analysts predict potential short-term pullback with support levels at $118,163 and $116,934.
- 3-month realized volatility for Bitcoin has fallen below 30%, the lowest since September 2023.
- Historically low volatility may indicate upcoming significant price movements.