[ad_1] <br><div data-test-id="content-container"><p><figure class="getty-figure" data-type="getty-image"> <picture> <img src="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/916553110/image_916553110.jpg?io=getty-c-w750" alt="Bitcoin mining farm. IT hardware." data-id="916553110" data-type="getty-image" width="8660px" height="5773px" srcset="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/916553110/image_916553110.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/916553110/image_916553110.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/916553110/image_916553110.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/916553110/image_916553110.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/916553110/image_916553110.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/916553110/image_916553110.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/916553110/image_916553110.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/916553110/image_916553110.jpg?io=getty-c-w240 240w" sizes="(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px"/> </picture> <figcaption class="caption" data-type="getty-image"><p class="item-credits">NiseriN</p></figcaption> </figure></p> <p>Bitfarms (<span class="ticker-hover-wrapper">NASDAQ:<a target="_blank" href="https://seekingalpha.com/symbol/BITF" title="Bitfarms Ltd." rel="noopener">BITF</a></span>) inventory rose as a lot as <span class="green">3.9%</span> after the cryptocurrency miner <a target="_blank" href="https://seekingalpha.com/news/3949359-bitfarms-gaap-eps-of-0_08-in-line-revenue-of-27_04m-beats-1_44m" rel="noopener">posted largely in-line Q4 results</a>, as elevated hashrate pushed income previous estimates, whereas efforts to strengthen its stability sheet paid off.</p> <p>This autumn EPS was -$0.08 vs. -$0.40 in Q3. Working loss was $20M, down ~80% from Q3. Income was $27.04M, down<span class="paywall-full-content invisible"> 54.6% Y/Y and down 18% from Q3, as 13% improve in hashrate was offset by decrease BTC costs and 20% improve in community issue.</span></p> <p class="paywall-full-content invisible">Bitfarms (<a target="_blank" href="https://seekingalpha.com/symbol/BITF" title="Bitfarms Ltd." rel="noopener">BITF</a>) mined 1,434 BTC in This autumn vs. 1,045 BTC in This autumn 2021 and 1,515 BTC in Q3. It reached 4.7 EH/s on-line in early 2023.</p> <p class="paywall-full-content invisible">"We plan to leverage our infrastructure in Argentina and gear credit to develop EH/s to six.0 with our present property by year-end," mentioned CEO Geoff Morphy. "With our strengthened stability sheet, we're actively evaluating potential acquisitions that we anticipate to be accretive." </p> <p class="paywall-full-content invisible">Bitfarms (<a target="_blank" href="https://seekingalpha.com/symbol/BITF" title="Bitfarms Ltd." rel="noopener">BITF</a>) ended February with $23M indebtedness. It paid $23M to completely extinguish its BTC-backed credit score facility, paid down $8M in equipment-related indebtedness, renegotiated miner buying offers, settled its <a target="_blank" href="https://seekingalpha.com/news/3934283-bitfarms-clears-21m-debt-owed-to-blockfi-for-775m" rel="noopener">debt owed to BlockFi</a> and paid off the $379K cope with Reliz for $118K.</p> <p class="paywall-full-content invisible">Earlier, Bitfarms (<a target="_blank" href="https://seekingalpha.com/symbol/BITF" title="Bitfarms Ltd." rel="noopener">BITF</a>) mining in February <a target="_blank" href="https://seekingalpha.com/news/3942488-bitfarms-bitcoin-mining-in-february-2023-is-up-30-yy" rel="noopener">rose 30% Y/Y</a>.</p></div> <br>[ad_2] <br><a href="https://seekingalpha.com/news/3949490-bitfarms-q4-earnings-largely-in-line-with-expectations-stock-gains-over-3">Source link </a>