Bitfarms' bitcoin mining revenue fell roughly 40% in June
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Bitfarms saw its bitcoin mining revenue fall by nearly 40% in June compared to the previous month, while Bitcoin lost about a third of its value.
As of June 30, Bitfarms had a total of 3,144 BTC, with a value of around $63 million based on a bitcoin price of S$20,000.
Comparing that to $188 million based on a bitcoin price of $31,000 at the end of May, the dollar value of Bitfarms's bitcoin holdings fell by roughly 66.5%.
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