According to Wu, Bitfarms announced its financial performance for the second quarter ending June 30: revenue of $78 million, an increase of 87% year-on-year; Bitcoin mining gross margin of 45%, down from 51% in the same period of 2024; net loss of $29 million; a total of 718 BTC were mined this quarter. During Q2, 1,052 BTC were sold at an average price of $95,500, generating $100 million in revenue; as of August 11, the company held a total of 1,402 BTC, with total liquidity of approximately $230 million, of which $85 million was cash and $145 million was uncollateralized BTC.

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