News Formal

Bitcoin halving sees Bitfarms’ BTC mining earnings plummet

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Business News News

Bitfarms recorded its lowest monthly earnings in over two years. Despite the reduced rewards, Bitfarms is upgrading its equipment to remain profitable.

The mining firm earned 269 BTC in mining rewards and transaction fees in April 2024. The company is undergoing aBitfarms monthly BTC earnings in 2022 and 2023. Source:

In addition to its 269 BTC monthly earnings , Bitfarms expects a $23.7 million Value Added Tax refund from Canada. Sharing an update on its fleet upgrade, Bitfarms chief mining officer Ben Gagnon said:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin defends $60K as whales hold onto their BTC despite market dipBitcoin (BTC) price still has traders and investors at the edge of their seats as it slides further away from its all-time high (ATH) of $73,777.
Source: FXStreetNews - 🏆 14. / 72 Read more »