Tags: earnings

New and old bitcoin mining rigs at CleanSpark‘s site in Georgia. (Eliza Gkritsi/CoinDesk)

Hut 8 mining site. (Hut 8)

Fred Thiel. (CoinDesk)

Galaxy Digital CEO Mike Novogratz at the Token 2049 conference in Singapore in 2022 (Sam Reynolds/CoinDesk)

A Cipher mining bitcoin farm (Cipher Mining)

(Chesnot/Getty Images)

Coinbase Reports Increased Earnings in First Quarter, While Making the Call for “Crypto Specific Rules”

(Shutterstock)

(Piggybank/Unsplash)

The Helios facility in Dickens County, Texas. (Argo Blockchain)

(Unsplash)

(Justin Sullivan/Getty Images)

(Spencer Platt/Getty Images)

CoinDesk Indices

Bitcoin mining rigs (Eliza Gkritsi/CoinDesk)

Bitfarms is shooting for 6 exahash per second of computing power by end-2023, the same goal it had set and missed for 2022.

Management spoke to investors on Thursday morning following release of the company‘s fourth quarter and full-year 2022 results.

The company‘s overall revenue climbed 4 to $220.3 million.

The firm reported Q4 net loss per ADS of 38 cents compared to $1 for the same period in 2021.

The firm will also delay the reporting of its 2022 Q4 earnings, which had previously been scheduled for late Tuesday afternoon.