Bitfarms Ltd. ( (BITF) ) has released its Q2 earnings. Here is a breakdown of the information Bitfarms Ltd. presented to its investors.
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Bitfarms Ltd., a North American energy and digital infrastructure company, specializes in building and operating data centers and energy infrastructure for high-performance computing and Bitcoin mining.
In its second quarter of 2025 earnings report, Bitfarms Ltd. announced a significant revenue increase of 87% year-over-year, reaching $78 million. The company is executing a growth strategy focused on high-performance computing (HPC) and artificial intelligence (AI) development, with strategic partnerships and a robust balance sheet supporting its initiatives.
Key financial highlights include a gross mining margin decrease to 45% from 51% in the previous year, an operating loss of $40 million, and a net loss of $29 million. The company has also initiated a corporate share buyback program, purchasing 10% of shares available for repurchase. Strategic developments include the submission of a Master Site Plan for the Panther Creek campus, partnerships to advance HPC/AI development, and a focus on expanding energy capacity in North America.
Bitfarms is pivoting its operations to the U.S., with plans to discontinue its mining operations in Argentina due to economic uncertainties. The company is leveraging its strong liquidity position, which includes $85 million in cash and a growing Bitcoin treasury, to support its strategic initiatives.
Looking ahead, Bitfarms is poised to capitalize on the growing demand for AI infrastructure, with a focus on expanding its energy and data center capabilities in the U.S. The company’s management remains optimistic about its strategic direction and ability to meet the surging demand in the AI industrial revolution.