Bitfarms' losses expand to $285 million, with Bitcoin's decline dragging down performance, but the stock price rebounds.

金色财经_ · 2026-04-01T03:06:20+00:00

Bitfarms reports show that net losses in 2025 have expanded to $284.5 million, despite a 6.6% increase in stock price. The losses are affected by falling Bitcoin prices and high revenue costs, with gross losses of approximately $248 million. The company is transitioning towards AI and high-performance computing, and although revenue grew 72% year-over-year to $229 million, profit margins are challenged due to cost pressures.

金色财经_

2026-04-01 03:06:20

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Golden Finance reported that on April 1, Bitfarms (BITF) announced on Tuesday that despite its 2025 net loss expanding to $284.5 million, the company’s stock price still rose 6.6%. The loss was mainly driven by the decline in the price of Bitcoin and high revenue and cost levels, while the company is also pushing forward its transition to AI and high-performance computing (HPC).
The financial report shows that the company’s full-year revenue increased year over year by 72% to $229 million, but was offset by $248 million in revenue costs, resulting in a gross loss.
In addition, general and administrative expenses rose year over year; changes in the fair value of digital assets caused a $50.5 million loss in 2025, compared with a $26 million gain in 2024; however, gains realized from the sale of digital assets totaled $28.2 million, partially offsetting the losses.
This performance reflects the challenges some Bitcoin miners face in terms of profitability. Since the halving in May 2024, mining difficulty (an indicator measuring the difficulty of mining new blocks) has risen by 58.5%, while the price of Bitcoin has fallen 46% from its peak in October last year, compressing miners’ profit margins.

BTC2.18%

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