Bullboard - Stock Discussion Forum Bitfarms Ltd T.BITF

Alternate Symbol(s): BITF

Bitfarms Ltd. is a Canada-based global vertically integrated bitcoin mining company. The Company develops, owns, and operates vertically integrated mining farms with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers operational performance and uptime. The... see more

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Bitfarms Ltd > Bitfarms Reports Fourth Quarter and Full Year 2022 Results

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Post by zoevans1 on Mar 21, 2023 8:22am

Bitfarms Reports Fourth Quarter and Full Year 2022 Results

Mined 1,434 BTC in Q4 2022; 5,167 BTC in 2022; and 20,000+ BTC since inception through February 2023

Averaged direct cost of production of $10,000 per BTC in 2022

https://bitfarms.com/media/news/detail/182/bitfarms-reports-fourth-quarter-and-full-year-2022-results

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Comment by Reachme on Mar 21, 2023 8:59am

Total cash cost of production per BTC was $16,800 in Q4 2022, up from $14,500 in Q3 2022..........no good.......

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Comment by no1for2 on Mar 21, 2023 10:08am

This is a normal evolution of the cost of production considering the increasing difficulty, the cost of the necessary equipment and energy. Nothing is completely free. BITF is among the most cost efficient miners.

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