Bitfarms Sees 42% Revenue Drop in May Post-Bitcoin Halving
Submitted by Anonymous (not verified) on Tue, 06/04/2024 - 07:50
Bitfarms, a Bitcoin mining firm, reported a 42% drop in crypto mining revenue in May, the first full month following the Bitcoin halving in mid-April, which reduced their Bitcoin production from 263 BTC in April to 156 BTC in May. The company attributed part of the decline in production to “unusually cold temperatures” at its […]