Bitfarms Sees 42% Revenue Drop in May Post-Bitcoin Halving

Bitfarms Sees 42% Revenue Drop in May Post-Bitcoin Halving

Bitfarms, a Bitcoin mining firm, reported a 42% drop in crypto mining revenue in May, the first full month following the Bitcoin halving in mid-April, which reduced their Bitcoin production from 263 BTC in April to 156 BTC in May. The company attributed part of the decline in production to “unusually cold temperatures” at its […]