Bitfarms Ltd. (BITF) Misses Q4 EPS by 16c, Beats on Revenue

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Go back to Bitfarms Ltd. (BITF) Misses Q4 EPS by 16c, Beats on Revenue

Bitfarms Reports Fourth Quarter and Full Year 2023 Results

March 7, 2024 7:15 AM EST

- Earned 1,236 BTC in Q4 2023 and 4,928 BTC in 2023 -- Improved Q4 2023 gross mining margin to 52%, up from 38% in Q3 2023 -- Achieved debt-free goal in February 2024, enhancing financial flexibility -- Executing towards targets of 12 EH/s and 25 w/TH by end of Q2 2024 and 21 EH/s by end of 2024 -

TORONTO, Ontario and BROSSARD, Québec, March 07, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin vertically integrated company, reported its financial results for the fourth quarter and year ended December 31, 2023. All financial references are in U.S.... More