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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

比特農場第二季度收入增長14%;由於比特幣價格下降,利潤率下降
Benzinga Real-time News ·  2022/08/15 08:14
  • 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.
  • 比特場有限公司納斯達克(Sequoia Capital:BITF)公佈22財年第二季度營收同比增長14%,至4200萬美元。營收較22財年第一季度增長4%。
  • 比特場開採了1,257枚比特幣,平均每枚比特幣的生產成本為9,900美元。
  • 毛利率收縮4,100個基點,至23%,成本同比飆升142.4。
  • 由於BTC價格下跌,採礦毛利率收縮1,300個基點至66%。
  • 營業利潤率虧損惡化至(414)%。
  • 調整後的EBITDA利潤率收縮2,000個基點至45%。
  • 比特農場持有4600萬美元現金,比特幣價值6200萬美元。
  • Bitfield的基礎設施建設合同可能會在9月30日提供4.2 EH/s,到12月31日提供6.0 EH/s。
  • 比特農場有1.2 EH/s的礦工與其阿根廷倉庫簽訂了2023年的合同。
  • 價格行動:在週一的最後一次檢查中,BITF股價在盤前交易中下跌5.5%,至1.89美元。
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