Bitfarms' bitcoin mining revenue fell roughly 40% in June - Aliens: AI Crypto News & Markets Updates
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Bitfarms' bitcoin mining revenue fell roughly 40% in June

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The Block

Fri, Jul 01, 2022

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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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