Bitfarms Delivers Strong Q2 Results and Unveils Strategic Initiatives

Publicly traded Bitcoin mining company Bitfarms has announced its financial performance for the second quarter of 2025, marking a period of growth and strategic expansion. The report reveals the establishment of a new executive office in New York City and the launch of a stock repurchase program. 💰 Bitfarms sold 1,052 bitcoins during Q2 at an average price of $95,500, generating total proceeds of $100 million. This impressive revenue generated $78 million for the quarter, representing a significant 87% increase year-over-year. As of August 11th, 2025, Bitfarms holds 1,402 bitcoins, further solidifying its Bitcoin mining capabilities.