Bitfarms reports Q2 EPS (5c) vs. (7c) last year

Reports Q2 revenue $78M, consensus $79.78M. The Company earned 718 BTC at an average direct cost of production per BTC of $48,200. As of August 11, 2025, the Company had total liquidity of approximately $230 million comprised of approximately $85 million in cash and approximately $145 million in unencumbered Bitcoin. CEO Ben Gagnon stated, “Our North American energy portfolio positions Bitfarms (BITF) to be a leader in HPC and AI infrastructure. With over 1 GW in our Pennsylvania pipeline, anchored by our flagship Panther Creek campus which is in close proximity to Amazon and CoreWeave sites, we aim to capture significant market share in what is quickly emerging as a new AI infrastructure hub. With additional energy strategically located in data center hotspots in Washington and Quebec, we are building a diversified, unique and scalable North American platform of robust energy and fiber infrastructure that is attracting significant interest from prospective clients. Coupled with strong political support for data center development in these regions, our strategic vision and pivot to the U.S. and to HPC & AI infrastructure positions us as a key player to meet surging demand in the AI industrial revolution coast-to-coast.”