Bitfarms reports Q3 EPS (7c) vs (40c) last year

Reports Q3 revenue $34.596M vs $33.247M last year. “During the third quarter of 2023, we increased operating capacity by 27 MW to 234 MW and by another 6 MW to 240 MW in October 2023. We executed plans to opportunistically expand farms with low-cost hydro power in Quebec and Latin America, while we continued to prudently strengthen balance sheet liquidity preparing for the next BTC Halving,” said Geoff Morphy, CEO of Bitfarms. “We remain committed to investing in new facilities and miner upgrades at pricing with attractive returns. Now, with the introduction of higher efficiency, lower-priced miners, we plan to move aggressively to capitalize on more competitive pricing for equipment upgrades.”