Bitfarms' primary purchase this year is 48,000 Whatsminer M30S rigs from MicroBT, costing $38.50 per TH/s of computational power.Bitfarms' current power supply is all hydro based, generally from systems with excess capacity, and at average cost across all locations of $.04 per kWh.After recent changes to the timing of phase two's buildout in Argentina, company year-end hash rate will be ~6 EH/s with delivered miners capable of ~7.2 EH/s.Cost of sales for Q1 was $23.3 million which included $13.1 in depreciation costs. Direct energy costs for 961 bitcoins mined at $8,700 per coin were $8.4 million.For Q1 Bitfarms' adjusted costs and expenses per coin, excluding depreciation costs, share-based compensation, and interest expense, was about $16,600.
Tether Treasury Mints $1 Billion in $USDT
