Bitfarms Sells 1,052 BTC as Bitcoin Tests Key Support

Bitfarms, a publicly traded Bitcoin BTC $119 783 24h volatility: 0.4% Market cap: $2.38 T Vol. 24h: $47.78 B mining company, has released its financial results for the second quarter, revealing major strategic moves and a significant BTC sale.

The miner’s total revenue climbed to $78 million, an 87% year-over-year increase.

🚨 JUST IN: Bitfarms Q2 2025 Results

✔ Revenue of $78M, up 87% Y/Y
✔ Confirmed expanded Panther Creek energy capacity of 50 MW in 2026 and 300 MW as early as 2027
✔ Partnered with data center builder and operator T5 Data Centers to advance HPC/AI development at Panther… pic.twitter.com/umzmi0jRmC

— Bitfarms (@Bitfarms_io) August 12, 2025

During Q2, Bitfarms sold 1,052 Bitcoins at an average price of $95,500, generating total proceeds of $100 million.

As of August 11, 2025, the company still holds 1,402 Bitcoin in its treasury.

Bitfarms has also opened a second executive office in New York City and launched a stock repurchase program as part of its ongoing expansion plans.

The firm’s US expansion is also seen as a hedge against potential global trade tensions.

Bitfarms’ Operational Shift

This operational update follows the company’s major shift toward high-performance computing (HPC) services to cater to artificial intelligence demand.

In April, Bitfarms secured a $300 million line of credit from Macquarie to finance its Pennsylvania HPC facility.

Earlier in January, it sold a Paraguay-based mining site to Hive Digital for $85 million, further streamlining its operations.

The latest results follow a challenging first quarter, where Bitfarms posted a $36 million net loss compared to a $6 million loss in the same period last year.

This widening loss was in response to the company’s strategic shift from traditional Bitcoin mining to AI-focused HPC infrastructure.

Bitcoin at Crucial Levels

Bitfarms’ $100 million Bitcoin sale happened as the largest cryptocurrency gained over 30% in the second quarter. While it recently topped $121K, it is now trading near $119,000, showing no change over the past day. Trading volume has dropped 15% in the same period, indicating a quieter market.

Some Bitcoin traders are worried of a short-term market pullback as experts predict a potential investor capital rotation to other cryptocurrencies, including top shitcoins.

According to analyst Ali Martinez, in case of price drop, Bitcoin has two major support levels at $118,163 and $116,934.

$118,163 and $116,934 are the two most significant support levels for Bitcoin $BTC! pic.twitter.com/MlQ9mjg7f0

— Ali (@ali_charts) August 12, 2025

Meanwhile, data from Glassnode shows the cryptocurrency’s 3-month realized volatility has dropped to its lowest point since September 2023, now below 30%. This is notably subdued compared to the last two bull markets, where volatility frequently surged to 80–100%.

At 29.79%, #Bitcoin’s 3-month realized volatility is at its lowest since Sep 2023. This cycle’s volatility profile stands out – staying mostly below 50%, compared to frequent 80–100% readings in the last two bull markets. pic.twitter.com/reAkJ2c9ec

— glassnode (@glassnode) August 12, 2025

This historically low volatility could signal an upcoming period of sharp price movement, as prolonged calm phases in Bitcoin markets often lead to major breakouts or breakdowns.

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