Bitcoin halving sees Bitfarms’ BTC mining earnings plummet

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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.

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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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