{"version":"1.0","provider_name":"Market Newsdesk","provider_url":"https:\/\/www.marketnewsdesk.com","author_name":"Newsdesk","author_url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/","title":"Bitfarms Reports Q3 2020 Financial Results - Market Newsdesk","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"43MsU3VOmJ\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bitfarms-reports-q3-2020-financial-results\/\">Bitfarms Reports Q3 2020 Financial Results<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.marketnewsdesk.com\/index.php\/bitfarms-reports-q3-2020-financial-results\/embed\/#?secret=43MsU3VOmJ\" width=\"600\" height=\"338\" title=\"&#8220;Bitfarms Reports Q3 2020 Financial Results&#8221; &#8212; Market Newsdesk\" data-secret=\"43MsU3VOmJ\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/www.marketnewsdesk.com\/wp-includes\/js\/wp-embed.min.js\n<\/script>\n","description":"Bitfarms Reports Q3 2020 Financial Results TORONTO &amp; BROSSARD, Qu\u00e9bec&#8211;(BUSINESS WIRE)&#8211; Bitfarms Ltd. (\u201cBitfarms\u201d, or the \u201cCompany\u201d) (TSXV:BITF) today announced its financial and operating results for the third quarter ended September 30, 2020. Q3 2020 Financial Summary and Corporate Highlights Revenues of $6.8 million; gross loss of $1.0 million(-15% gross margin),operating loss of $2.8 million (-42% operating margin), and net loss of $4.8 million; Gross mining profit1 of $1.6 million (26% gross mining margin); EBITDA loss of $0.3 million ( -4% EBITDA margin), $0.4 million Adjusted EBITDA (5% Adjusted EBITDA margin); Mined 535 Bitcoins with an average break-even2 Bitcoin price of approximately $7,500; Entered into lease agreements for 3,000 Whatsminer Miners, of which 1,000 Whatsminer M31S, adding approximately 82PH\/s, were &hellip; Continue reading \"\"","thumbnail_url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201126005462r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en"}