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Published: Jan. 2, 2024 at 7:54 a.m. ET
By Chris Wack
Bitfarms shares were up 10% to $3.21 in premarket trading after the company said it earned 446 Bitcoin in December.
The Bitcoin mining company said it finished the year with $118 million in liquidity, low-cost power contracts for up to 593 megawatts and a miner purchase agreement for up to 63,888 new Bitmain miners in 2024.
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By Chris Wack
Bitfarms shares were up 10% to $3.21 in premarket trading after the company said it earned 446 Bitcoin in December.
The Bitcoin mining company said it finished the year with $118 million in liquidity, low-cost power contracts for up to 593 megawatts and a miner purchase agreement for up to 63,888 new Bitmain miners in 2024.
At 7:45 a.m., Bitcoin was trading at $45,545, up 15% in the past month and 173% in the past 12 months.
December production of 446 Bitcoin represented an increase of 13.8% from November. For the year ended Dec. 31, the company’s hashrate was 44% higher.
Bitfarms ended the year with $84 million in cash, $34 million in Bitcoin in treasury, and $4 million in debt.
Write to Chris Wack at [email protected]
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This article was originally published by a www.marketwatch.com . Read the Original article here. .
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