Bitfarms Reports Q4 Revenue Growth of 33% to $60M, Along With Margin Expansion

Operating income in Q4 was $15 million, and net income was $10 million, or $0.05 per share. Adjusted EBITDA for Q4 was $44 million, or 74% of revenue, up from $32 million, or 71% of revenue in Q3. The company mined 1,045 bitcoin (BTC) in Q4 at an average price of $8,000 per coin versus an average of $7,500 a year earlier.