Key Notes
- Bitfarms sold 1,052 BTC at an average of $95,500 in Q2.
- Revenue surged 87% year-over-year to $78 million.
- Bitcoin’s 3-month realized volatility drops to lowest since September 2023.
Bitfarms, a publicly traded Bitcoin BTC $119 883 24h volatility: 0.4% Market cap: $2.39 T Vol. 24h: $44.53 B mining company, has released its financial results for the second quarter, revealing major strategic moves and a significant BTC sale.
The miner’s total revenue climbed to $78 million, an 87% year-over-year increase.
🚨 JUST IN: Bitfarms Q2 2025 Results
✔ Revenue of $78M, up 87% Y/Y
✔ Confirmed expanded Panther Creek energy capacity of 50 MW in 2026 and 300 MW as early as 2027
✔ Partnered with data center builder and operator T5 Data Centers to advance HPC/AI development at Panther… pic.twitter.com/umzmi0jRmC— Bitfarms (@Bitfarms_io) August 12, 2025
During Q2, Bitfarms sold 1,052 Bitcoins at an average price of $95,500, generating total proceeds of $100 million.
As of August 11, 2025, the company still holds 1,402 Bitcoin in its treasury.
Bitfarms has also opened a second executive office in New York City and launched a stock repurchase program as part of its ongoing expansion plans.
The firm’s US expansion is also seen as a hedge against potential global trade tensions.
Bitfarms’ Operational Shift
This operational update follows the company’s major shift toward high-performance computing (HPC) services to cater to artificial intelligence demand.
In April, Bitfarms secured a $300 million line of credit from Macquarie to finance its Pennsylvania HPC facility.
Earlier in January, it sold a Paraguay-based mining site to Hive Digital for $85 million, further streamlining its operations.
The latest results follow a challenging first quarter, where Bitfarms posted a $36 million net loss compared to a $6 million loss in the same period last year.
This widening loss was in response to the company’s strategic shift from traditional Bitcoin mining to AI-focused HPC infrastructure.
Bitcoin at Crucial Levels
Bitfarms’ $100 million Bitcoin sale happened as the largest cryptocurrency gained over 30% in the second quarter. While it recently topped $121K , it is now trading near $119,000, showing no change over the past day. Trading volume has dropped 15% in the same period, indicating a quieter market.
Some Bitcoin traders are worried of a short-term market pullback as experts predict a potential investor capital rotation to other cryptocurrencies, including top shitcoins .
According to analyst Ali Martinez, in case of price drop, Bitcoin has two major support levels at $118,163 and $116,934.
$118,163 and $116,934 are the two most significant support levels for Bitcoin $BTC ! pic.twitter.com/MlQ9mjg7f0
— Ali (@ali_charts) August 12, 2025
Meanwhile, data from Glassnode shows the cryptocurrency’s 3-month realized volatility has dropped to its lowest point since September 2023, now below 30%. This is notably subdued compared to the last two bull markets, where volatility frequently surged to 80–100%.
At 29.79%, #Bitcoin ’s 3-month realized volatility is at its lowest since Sep 2023. This cycle’s volatility profile stands out – staying mostly below 50%, compared to frequent 80–100% readings in the last two bull markets. pic.twitter.com/reAkJ2c9ec
— glassnode (@glassnode) August 12, 2025
This historically low volatility could signal an upcoming period of sharp price movement, as prolonged calm phases in Bitcoin markets often lead to major breakouts or breakdowns.
