Bitfarms Clocks 14% Revenue Growth In Q2; Margins Shrink Due To Fall In BTC Price
Bitfarms Clocks 14% Revenue Growth In Q2; Margins Shrink Due To Fall In BTC Price
比特农场第二季度收入增长14%;由于比特币价格下降,利润率下降
- Bitfarms Ltd (NASDAQ:BITF) reported second-quarter FY22 revenue growth of 14% year-on-year to $42 million. Revenues were up 4% from Q1 FY22.
- Bitfarms mined 1,257 Bitcoin (BTC) at an average cost of production of $9,900 per BTC.
- The gross margin contracted 4,100 bps to 23% as costs surged 142.4% Y/Y.
- The gross mining margin contracted by 1,300 bps to 66% due to the decline in the BTC price.
- The operating margin loss deteriorated to (414)%.
- Adjusted EBITDA margin contracted 2,000 bps to 45%.
- Bitfarms held $46 million in cash, and BTC was worth $62 million.
- Bitfarms' infrastructure construction contracts will likely provide 4.2 EH/s as of September 30 and 6.0 EH/s as of December 31.
- Bitfarms has 1.2 EH/s of miners contracted for 2023 for its Argentinian warehouses.
- Price Action: BITF shares traded lower by 5.5% at $1.89 in the premarket on the last check Monday.
- 比特场有限公司纳斯达克(Sequoia Capital:BITF)公布22财年第二季度营收同比增长14%,至4200万美元。营收较22财年第一季度增长4%。
- 比特场开采了1,257枚比特币,平均每枚比特币的生产成本为9,900美元。
- 毛利率收缩4,100个基点,至23%,成本同比飙升142.4。
- 由于BTC价格下跌,采矿毛利率收缩1,300个基点至66%。
- 营业利润率亏损恶化至(414)%。
- 调整后的EBITDA利润率收缩2,000个基点至45%。
- 比特农场持有4600万美元现金,比特币价值6200万美元。
- Bitfield的基础设施建设合同可能会在9月30日提供4.2 EH/s,到12月31日提供6.0 EH/s。
- 比特农场有1.2 EH/s的矿工与其阿根廷仓库签订了2023年的合同。
- 价格行动:在周一的最后一次检查中,BITF股价在盘前交易中下跌5.5%,至1.89美元。