Bitfarms Says On Track To Deliver 21 EH/s And 21 w/TH In 2024; Earns 156 BTC In May, 42% Lower Than Previous Month And 66% Lower Y/Y
Portfolio Pulse from Benzinga Newsdesk
Bitfarms announced it is on track to deliver 21 EH/s and 21 w/TH in 2024. The company earned 156 BTC in May, which is 42% lower than the previous month and 66% lower year-over-year.
June 03, 2024 | 11:39 am
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Bitfarms is on track to deliver 21 EH/s and 21 w/TH in 2024, but its BTC earnings in May dropped significantly by 42% from the previous month and 66% year-over-year.
The significant drop in BTC earnings is a negative indicator for Bitfarms' short-term financial performance, despite the positive outlook for 2024. This could lead to a short-term decline in stock price.
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