Bitfarms’ revenue grew 87% year-over-year, reaching $78 million in Q2 2025.
The company plans to redomicile in the U.S., aligning with President Trump’s pro-crypto policies.
Bitfarms mined 718 BTC and sold 1,052 BTC, generating $100 million in proceeds.
Operations in Argentina are being discontinued due to energy disruptions and economic uncertainty.
The launch of a 10% share buyback program signals internal confidence in the company’s market value.
According to Bitfarms’ latest second-quarter earnings, the Bitcoin miner recorded $78 million in total revenue, up significantly from the same quarter last year.
Source: TheBlock
Despite a net loss of $29 million, the revenue increase points to the company’s expanding high-performance computing (HPC) infrastructure, and aggressive growth strategy across North America.
The company mined 718 BTC during the quarter at an average production cost of $48,200 per coin.
In contrast, Bitfarms sold 1,052 BTC at an average price of $95,500, generating approximately $100 million in proceeds.
The decision to relocate Bitfarms’ domicile to the U.S. is largely influenced by President Trump’s vocal support for cryptocurrency mining, AI, and data center infrastructure.
With Trump’s renewed commitment to making the U.S. a global hub for Bitcoin mining, companies like Bitfarms are positioning themselves to benefit from regulatory clarity and potential government incentives.
Bitfarms now reports that 82% of its energy portfolio is located in North America. The firm’s key infrastructure investment lies in Pennsylvania, with the Panther Creek campus leading development.
The site is strategically located near Amazon and CoreWeave data centers, reinforcing its ambitions to become a central player in the rapidly growing AI infrastructure sector.
Bitfarms also confirmed the termination of its operations in Argentina, following an energy supply cutoff that began in May. The company cited “future economic uncertainty” in the region as a driving factor.
This move underscores the Bitcoin miner’s pivot toward stable, energy-secure markets in North America where long-term infrastructure investments are more viable.
In a bold move to signal confidence in its financial health, Bitfarms initiated a share repurchase program in July 2025, allowing the company to buy back up to 10% of its public float through July 2026.
As of August 8th, Bitfarms has already repurchased 4.9 million shares at an average price of $1.24 per share.
Source: TheBlock
Bitfarms’ strategic redomiciling to the U.S. could mark a significant turning point in its growth trajectory.
With increasing institutional interest in Bitcoin mining, strong political backing, and robust infrastructure investment, Bitfarms appears well-positioned to lead in both the crypto and AI compute sectors.
Bitfarms is redomiciling in the U.S. to benefit from pro-crypto political support, stable energy resources, and growing opportunities in AI and data center infrastructure, especially under the Trump administration.
Bitfarms mined 718 BTC at an average cost of $48,200 per coin during the second quarter.
The company reported $78 million in total revenue, an 87% increase compared to the previous year.
The Panther Creek campus is Bitfarms’ flagship site in Pennsylvania, developed to support HPC and AI compute infrastructure, located near major data center hubs like Amazon and CoreWeave.
The Bitcoin miner is shutting down its Argentine operations due to energy supply issues and economic instability in the region.
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