{"id":669213,"date":"2025-05-15T00:40:23","date_gmt":"2025-05-14T21:40:23","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitfarms-clocks-36m-net-loss-amid-shift-from-bitcoin-mining-to-ai\/"},"modified":"2025-05-15T00:40:23","modified_gmt":"2025-05-14T21:40:23","slug":"bitfarms-clocks-36m-net-loss-amid-shift-from-bitcoin-mining-to-ai","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitfarms-clocks-36m-net-loss-amid-shift-from-bitcoin-mining-to-ai\/","title":{"rendered":"Bitfarms clocks $36M net loss amid shift from Bitcoin mining to AI"},"content":{"rendered":"

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The miner has been investing in pivoting to high-performance computing and expanding its US presence.<\/p>\n

Bitfarms clocked a first-quarter net loss of $36 million, widening from a $6 million loss in the same period a year earlier, as the Bitcoin miner pivots from mining to high-performance computing for artificial intelligence app<\/a>lications.\u00a0<\/p>\n

The miner posted $67 million in sales for the quarter ended March 31, up 33% from the year prior. However, gross profit margin for Bitfarm\u2019s mining operations declined to 43% from 63% year-over-year, the company said<\/a> in its first quarter earnings release.\u00a0<\/p>\n

The lower margins reflect pressure from Bitcoin\u2019s (BTC) April 2024 \u201chalving\u201d as well as volatility in Bitcoin\u2019s price. Halvings occur every four years and cut the number of BTC mined per block in half, reducing Bitcoin miners\u2019 profitability.\u00a0<\/p>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The miner has been investing in pivoting to high-performance computing and expanding its US presence. Bitfarms clocked a first-quarter net loss of $36 million, widening from a $6 million loss in the same period a year earlier, as the Bitcoin miner pivots from mining to high-performance computing for artificial intelligence applications.\u00a0 The miner posted $67…<\/p>\n","protected":false},"author":1,"featured_media":669214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196d02f-7618-75f1-bdfe-4ea52614258e","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[77337,74862,78828,74937,74863,78827,75042,117,73785,70359],"class_list":["post-669213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-ai","tag-bitcoin","tag-bitcoin-halving","tag-bitcoin-price","tag-cryptocurrencies","tag-halving","tag-mining","tag-business","tag-markets","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/669213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=669213"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/669213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/669214"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=669213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=669213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=669213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}