{"id":76639,"date":"2023-04-03T19:10:12","date_gmt":"2023-04-03T16:10:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76639"},"modified":"2025-09-10T18:33:06","modified_gmt":"2025-09-10T15:33:06","slug":"bitfarms-reports-424-btc-mined-in-march","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitfarms-reports-424-btc-mined-in-march\/","title":{"rendered":"Bitfarms reports 424 BTC mined in March"},"content":{"rendered":"<p>In the past month, the mining company Bitfarms mined 424 BTC, versus 387 BTC in February and 363 BTC in March 2022. This is <a href=\"https:\/\/www.globenewswire.com\/news-release\/2023\/04\/03\/2639402\/0\/en\/Bitfarms-Mines-424-BTC-in-March.html\">stated<\/a> in the press release.<\/p>\n<p>From the mined amount, the firm sold 394 BTC at an average of $24,700. Revenue amounted to $9.7 million. <a href=\"https:\/\/forklog.com\/en\/news\/bitfarms-abandons-bitcoin-accumulation-strategy\">abandoned<\/a> its hodling strategy in June 2022, becoming one of the leaders in volumes of <a href=\"https:\/\/forklog.com\/en\/news\/public-miners-liquidated-a-quarter-of-their-bitcoin-reserves-in-june\">liquidations of cryptocurrency reserves<\/a> among public mining companies.<\/p>\n<p>According to the report, Bitfarms held 435 BTC worth about $12.4 million, based on a price of $28,500 as of March 31, 2023. For the same period, the company had cash and cash equivalents of $29 million.<\/p>\n<p>For the quarter, Bitfarms mined 1,297 BTC, versus 962 BTC in the analogous period in 2022. The hashrate at the end of last month stood at 4.8 EH\/s.<\/p>\n<p>Earlier, the company <a href=\"https:\/\/forklog.com\/en\/news\/bitfarms-repays-a-21m-blockfi-loan-with-a-7-75m-cash-payment\">paid off<\/a> the remaining BlockFi loan of $21 million with a one-time cash payment of $7.75 million.<\/p>\n<p>In March, the total revenue of bitcoin miners rose by 21%. The figure reached $757.8 million, the highest level in the last ten months, according to <a href=\"https:\/\/forklog.com\/en\/news\/march-in-figures-inflows-to-defi-and-bitcoins-recovery-amid-the-banking-crisis\">ForkLog&#8217;s analytical report<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the past month, the Bitfarms mining company mined 424 BTC, compared with 387 BTC in February and 363 BTC in March 2022. This is stated in the press release.<\/p>\n","protected":false},"author":1,"featured_media":76640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1184,1137],"class_list":["post-76639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitfarms","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=76639"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76639\/revisions"}],"predecessor-version":[{"id":76641,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76639\/revisions\/76641"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/76640"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=76639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=76639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=76639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}