PANews reported on January 2 that according to Globenewswire, Bitcoin mining company Bitfarms released its latest monthly production report. The company's mining operations in December 2024 produced 211 BTC, while in November it produced 207 BTC, reflecting a 4% increase in average operating EH and a 7% increase in Bitcoin difficulty. As of December 31, 2024, the operating speed was 12.8 EH/s, a year-on-year increase of 97%. The company's BTC mining output has totaled 4,928 since the beginning of the year.
In addition, Bitfarms sold 147 of the 211 BTC earned from the company's regular fund management business, with total proceeds of $14.3 million. Total liquidity is $147 million, including approximately $60 million in cash as of December 31, 2024. Bitfarms' treasury increased by 64 BTC, bringing its balance to 934 BTC, worth approximately $87.8 million.
