Bitcoin Mining Firm Bitfarms Faces $27 Million Net Loss in Q2 2024

Bitcoin Mining Firm Bitfarms Faces $27 Million Net Loss in Q2 2024

Toronto-based Bitcoin mining company Bitfarms reported a total revenue of $42 million, marking a 16% decline quarter-over-quarter.

This decrease is attributed to the reduction in block rewards resulting from the BTC halving event on April 19, 2024.

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