Bitfarms Earnings Reports

Bitfarms posted a $36 million net loss in Q1 2025, despite achieving $67 million in revenue and strong hashrate and efficiency improvements. The company continued its strategic pivot to high-performance computing and secured major financing for U.S.-based data center development.

Bitfarms generated $56 million in revenue during Q4 2024, up 21% year-over-year. Despite a $16 million operating loss, the company posted a net income of $15 million, marking a significant turnaround from a $62 million loss in Q4 2023. Adjusted EBITDA was $14.3 million, and gross mining margin declined to 47%.