‘Bitfarms’ Mining Firm Reports Profits in Spite of Falling Crypto Valuations

[kreslik.news]

Montreal and Israel-based Bitfarms Technologies Ltd. (formerly known as Blockchain Mining Ltd.), a crypto mining firm listed with the Tel Aviv Stock Exchange, reported that its break-even mining electricity cost for a single Bitcoin was only $1567. The figure, based on electricity costs alone, is far lower than estimated costs in both Israel and parts of Canada, according to estimates by Elite Fixtures.

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[quote]
.@ianedws from @bitsonlinecom sat down with our founders @plquimper, & @BitfarmsMV and took a look at ... (read more)