TechFlow, August 12 — According to Globe Newswire, cryptocurrency mining company Bitfarms released its Q2 2025 financial results. The report shows total revenue of $78 million for the quarter, an 87% year-over-year increase; gross margin was 45%, down from 51% in the same period of 2024.
During the period, the company mined 718 bitcoins, with a direct production cost of $48,200 per bitcoin. As of August 11, the company held approximately $85 million in cash and around $145 million in unpledged bitcoin, bringing total liquidity to about $230 million (as of August 11, 2025, the company held 1,402 BTC).
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