Bitfarms (BITF) Reports Q1 Revenue of $40M, Net Income of $5M
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Bitfarms Reports First Quarter 2022 Results
May 16, 2022 7:00 AM EDT- Mined 961 Bitcoin in Q1 2022 at an average cost of $8,700/Bitcoin -
- Revenues improved to $40 million in Q1 2022, up 42% from $28 million in Q1 2021 -
- Adjusted EBITDA increased to $32 million in Q1 2022, up from $20 million in Q1 2021
This news release constitutes a designated news release for the purposes of the Companys prospectus supplement dated August 16, 2021 to its short form base shelf prospectus dated August 12, 2021.
TORONTO and BROSSARD, Québec, May 16, 2022 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX:... More
