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Bitcoin halving sees Bitfarms’ BTC mining earnings plummet

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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:

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