During Q4 2021, Bitfarms mined 1,045 Bitcoin at an average cost of production of $8,000/BTC
Q4 2021 and Recent Financial Highlights
Increased total revenues to $60 million, up 33%, from $45 million in Q3 2021.
Improved Adjusted EBITDA, to $44 million, or 74% of revenue, up from $32 million, or 71% of revenue, in Q3 2021.
Secured $100 million BTC-backed credit facility
On January 6, 2022, purchased 1,000 BTC for $43 million, adding to BTC treasury holdings.
On February 24, 2022, entered into a $32 million equipment financing agreement.
