Bitfarms released its Q4 2024 financial report, showing a 21% year-on-year revenue growth and a 186% increase in computing power.

Odaily Planet Daily reported that according to Bitfarms' latest financial report, its Q4 2024 revenue reached $56 million, a year-on-year increase of 21%; the managed hash rate (EHuM) reached 18.6 EH/s, up 186%; and energy efficiency improved to 19 w/TH, an improvement of 45%. The company completed its acquisition of Stronghold Digital Mining and sold the Yguazu 200 MW data center in Paraguay, with a total energy reserve of approximately 1.4 GW, of which 80% is located in the United States. CEO Ben Gagnon stated that Bitfarms has transformed into a North American energy and computing company, focusing on HPC/AI business in the future while continuously optimizing asset allocation. CFO Jeff Lucas added that this acquisition and sale reduced the capital expenditure requirement for 2025 by 20%, which helps improve cash flow and operating profit margins. As of March 26, 2025, the company holds 1,093 BTC, with total liquid assets of approximately $135 million.