08:09 AM EDT, 04/01/2025 (MT Newswires) -- Bitfarms ( BITF ) , a global energy and compute infrastructure company, on Tuesday rose about 3% in U.S. pre-market trade after saying its operational hashrate grew 21% to 19.5 EHuM and reached its second-quarter efficiency target of 19 w/TH three months ahead of schedule.

The company had total liquidity of US$132 million, including about US$39 million in cash at March 31. Bitfarms ( BITF ) also added that treasury of 1,140 BTC fell from 1,260 BTC in February and represented US$93.4 million based on the Bitcoin price of US$82,000 at March 31.

"We successfully closed both our transformative acquisition of Stronghold Digital Mining, the largest M&A deal between two public miners in our industry, and the strategic sale of our 200 MW Yguazu data center," said Bitfarms ( BITF ) Chief Executive Ben Gagnon. "Through these transactions, we have rebalanced our portfolio to the U.S. where we expect to achieve greater yields per MW, reduced our average cost of power across our portfolio, minimized our 2025 capex requirements, and secured highly desirable sites that will enable us to diversify beyond Bitcoin mining into HPC/AI and energy generation," Gagnon added.

U.S.-listed shares of the company were last seen up US$0.02 at US$0.810 in pre-market trading.