Bitfarms Reports First Quarter 2024 Results

– Revenue of $50 million, up 9% Q/Q and 67% Y/Y –
– Gross mining margin of 59%, up from 52% in Q4 2023 & 41% in Q1 2023 –
– Secured additional 24,000 miners in March, increasing total delivery to 88,000 in 2024 –
– Current hashrate of 7.0 EH/s, up from 6.5 EH/s at year end –
– On track to achieve guidance of 21 EH/s and 21 w/TH in 2024 –

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