PANews reported on May 14 that Nasdaq-listed mining company Bitfarms released its Q1 2025 financial report. The company's revenue for the quarter was $67 million, a year-on-year increase of 33%; the gross profit margin of Bitcoin mining fell to 43%, lower than 63% in the same period last year; the net loss reached $36 million, nearly five times the same period last year. As of May 13, the company's current assets were approximately $150 million, and the total number of Bitcoins held was 1,166. In addition, the company is advancing its transformation to the high-performance computing (HPC) business and has signed a $300 million private debt financing agreement with Macquarie Group for the construction of the Panther Creek data center project in the United States.