Bitfarms' mining revenue in May was 156 bitcoins, down 42% from the previous month

According to The Block, Bitfarms, a Bitcoin mining company, released its latest monthly production data. In May, it earned 156 bitcoins, a 42% decrease from the previous month and a 66% decrease from the same period last year. In terms of profits, the company sold 136 bitcoins, with total revenue of $8.9 million (lower than $16.1 million in April), which is part of the company's regular fund management process.Bitfarms' total holdings of bitcoins in the treasury increased to 850, worth $57.2 million based on the bitcoin price of $67,300 on May 31. The company stated that the average number of bitcoins obtained per EH/s decreased by 45% compared to the previous month, as May was the first full month of "post-halving economics." Based on the bitcoin price of $67,300 on May 31, earning an average of 5 bitcoins per day is equivalent to approximately $340,000 per day.