Title: Bitfarms Sees 42% Revenue Drop in May Post-Bitcoin Halving
Post by: Bitcoin on Jun 04, 2024, 06:46 am
Post by: Bitcoin on Jun 04, 2024, 06:46 am
Bitfarms Sees 42% Revenue Drop in May Post-Bitcoin Halving
Bitfarms, a Bitcoin mining firm, reported a 42% drop in crypto mining revenue in May, the first full month following the Bitcoin halving in mid-April, which reduced their Bitcoin production from 263 BTC in April to 156 BTC in May. The company attributed part of the decline in production to “unusually cold temperatures” at its […]
Source: Bitfarms Sees 42% Revenue Drop in May Post-Bitcoin Halving (https://news.bitcoin.com/bitfarms-sees-42-revenue-drop-in-may-post-bitcoin-halving/)
Bitfarms, a Bitcoin mining firm, reported a 42% drop in crypto mining revenue in May, the first full month following the Bitcoin halving in mid-April, which reduced their Bitcoin production from 263 BTC in April to 156 BTC in May. The company attributed part of the decline in production to “unusually cold temperatures” at its […]Source: Bitfarms Sees 42% Revenue Drop in May Post-Bitcoin Halving (https://news.bitcoin.com/bitfarms-sees-42-revenue-drop-in-may-post-bitcoin-halving/)