Bitfarms sales up 87% year-over-year… 'Establishing a North American data infrastructure hub'
YM Lee
Summary
- Bitfarms reported that Q2 sales were up 87% compared to the same period last year.
- Bitfarms stated that it has become a leading player in mining and AI infrastructure through investments in the North American energy portfolio.
- It announced plans to expand its market share by building a new infrastructure hub based on the 1GW-class Pennsylvania Pipeline in the future.
Bitfarms (BITF), a Bitcoin (BTC) mining company, has released its Q2 financial report.
According to The Block, a cryptocurrency-focused media outlet, on the 13th (local time), Bitfarms announced that it recorded total sales of $78 million in its second quarter report. This marks a staggering 87% increase compared to the same period last year.
Bitfarms stated, "Through investments in our North American energy portfolio, we have established ourselves as a leader in mining and AI infrastructure. Going forward, we plan to build a new infrastructure hub with over 1GW through the Pennsylvania Pipeline to further expand our market share."
YM Lee
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