Bitfarms Board of Directors Increased to Six Members, Five of whom are Independent Andrew J. Chang Appointed as Independent Director Shareholder Rights Plan Approved TORONTO, Ontario and BROSSARD, Québec , Nov. 20, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF) (“Bitfarms” or, the “Company”), a global leader in vertically integrated Bitcoin data center operations, today announced the results of its special meeting... Read More

Revenue of $45 million, up 8% Q/Q and up 30% Y/Y Gross mining margin of 38%, compared to 51% in Q2 2024 and 44% in Q3 2023 Current hashrate of 11.9 EH/s, up from 10.4 EH/s in Q2 2024 Current efficiency of 21 w/TH, a 16% improvement from June 30, 2024 Synthetic HODL increased to 802 at October 31, 2024 from 208 long-dated BTC call options at June 30, 2024, up 286% TORONTO, Ontario and BROSSARD, Québec, Nov. 13, 2024 (GLOBE... Read More

TORONTO, Ontario and BROSSARD, Québec, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, announced today that it will be rescheduling its third quarter 2024 financial results conference call. The Company will report its third quarter 2024 financial results on Wednesday, November 13 th , before the market opens. Management will host a conference... Read More

Earned 236 BTC in October 2024 & Increased Bitcoin Treasury to 1,188 BTC TORONTO, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global leader in vertically integrated Bitcoin data center operations, today announced its latest monthly production report. All financial references are in U.S. dollars. In October, Bitfarms announced a second hosting agreement with Stronghold Digital Mining, Inc.... Read More

Follows initial 10,000 miner hosting agreement announced in September Agreement supports 2.2 EH/s TORONTO, Ontario and BROSSARD, Québec, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF) ("Bitfarms" or the "Company"), a global leader in vertically integrated Bitcoin data center operations, has, through one of its subsidiaries, entered into a second miner hosting agreement (the "Hosting Agreement") with... Read More

TORONTO, Ontario and BROSSARD, Québec, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF) (“Bitfarms” or the “Company”), a global leader in vertically integrated Bitcoin data center operations, today announced that it has nominated Andrew J. Chang for election to its Board of Directors (the “Board”) at the Special Meeting of shareholders to be held on November 20, 2024 at 4:00p.m. Eastern Time (the “Special... Read More

TORONTO, Ontario and BROSSARD, Québec, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global leader in vertically integrated Bitcoin data center operations, today announced that it has appointed Rachel Silverstein as U.S. General Counsel, a newly created role, effective November 1, 2024. Ms. Silverstein has been a practicing attorney for over 16 years and is one of the most experienced Bitcoin... Read More

TORONTO, Ontario and BROSSARD, Québec, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, will report its third quarter 2024 financial results on Tuesday, November 12 th , before the market opens. Management will host a conference call on the same day at 8:00 am EST. All Q3 2024 materials will be available before the call and can be accessed on the... Read More

This is a required amendment based on the proposed Stronghold Digital Mining acquisition US$127 million remains on the ATM TORONTO, Ontario and BROSSARD, Québec, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“ Bitfarms ”, or the “ Company ”) a global Bitcoin vertically integrated company, announces that it has filed an amended and restated prospectus supplement dated October 4, 2024 (the “ A&R... Read More

TORONTO, Ontario and BROSSARD, Québec, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global leader in vertically integrated Bitcoin data center operations, is pleased to announce its latest monthly production report. All financial references are in U.S. dollars. Ben Gagnon, Chief Executive Officer of Bitfarms, stated, “We are pleased to have reached our end-of-year efficiency goal of 21 w/TH three... Read More

TORONTO, Ontario and BROSSARD, Québec and CASTLE ROCK, Colo., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF) (“Bitfarms” or the “Company”), a global leader in vertically integrated Bitcoin data center operations, and Riot Platforms Inc. (NASDAQ: RIOT) (“Riot”), an industry leader in vertically integrated Bitcoin (“BTC”) mining, today announced that Bitfarms and Riot have entered into a settlement... Read More

Agreement to support 2.2 EH/s with energization expected in October, two months ahead of schedule Company reiterates 2024 & 2025 guidance of 21 EH/s & 35+ EH/s, respectively TORONTO, Ontario and BROSSARD, Québec, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF) ("Bitfarms" or the "Company"), a global leader in vertically integrated Bitcoin data center operations, has entered into a miner hosting agreement... Read More

TORONTO, Ontario and BROSSARD, Québec, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms” or the “Company”), a global vertically integrated Bitcoin data center company, today announced the following enhancements to its Operations teams. Effective immediately, Alex Brammer has been appointed Senior Vice President of Global Mining Operations and Benoit Gobeil, currently serving as Executive Vice... Read More

TORONTO, Ontario and BROSSARD, Québec, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF) (“ Bitfarms ” or the “ Company ”), a global leader in vertically integrated Bitcoin data center operations, today announced that it has rescheduled the Special Meeting of shareholders (the “Special Meeting”) from October 29, 2024 to November 6, 2024. The Special Meeting has been called in response to a requisition made... Read More

TORONTO, Ontario and BROSSARD, Québec, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms”), a global vertically integrated Bitcoin data center company, will be attending H.C. Wainwright’s 26 th Annual Global Investment Conference, taking place from September 9-11 in New York City. Bitfarms Chief Executive Officer, Ben Gagnon, will be participating in a Bitcoin Mining Panel along with several... Read More

TORONTO, Ontario and BROSSARD, Québec, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global leader in vertically integrated Bitcoin data center operations, today issued the following statement in response to the amended requisition proposal and associated misleading claims made by Riot Platforms, Inc. (“Riot”). “The upcoming special meeting is not about corporate governance, as Riot has repeatedly... Read More

TORONTO, Ontario and BROSSARD, Québec, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global leader in vertically integrated Bitcoin data center operations, is pleased to announce its latest monthly production report alongside an important update on its fleet upgrade and expansion initiatives. All financial references in this release are in U.S. dollars. Strategic Expansion and Energy Portfolio... Read More

First U.S. large scale site; Increases U.S. footprint ~7x from 20 MW to 140 MW Strategically located in PJM Interconnection market, providing access to low-cost, flexible power Site well-suited for Bitcoin mining and HPC/AI TORONTO, Ontario and BROSSARD, Québec, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms”), a global vertically integrated Bitcoin data center company, entered into the... Read More

Expands and Rebalances Bitfarms Energy Portfolio to Approximately 50% in the U.S. by YE 2025, Consistent with Strategic Plan Provides Clear Path to 950 MW Active Power Capacity Adds 4.0 EH/s to Bitfarms’ Hashrate with Expansion Capacity of Potentially Over 10 EH/s with Fleet Refresh Vertically Integrates into Power Generation with 165 MW of Nameplate Generated Power Capacity Adds 142 MW of PJM Import Capacity with Long Term... Read More

CASTLE ROCK, Colo. / Aug 13, 2024 / Business Wire / Riot Platforms, Inc. (“ Riot ”) issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 – Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. (“ Bitfarms ” or the “ Company ”). Riot announces that on August... Read More

CEO Ben Gagnon Appointed to the Board; Lead Director Brian Howlett appointed Independent Chairman Co-Founder and Chairman Nicolas Bonta to Step Down Seasoned Operating Executive Liam Wilson to Join as Chief Operating Officer TORONTO, Ontario and BROSSARD, Québec, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF), a global vertically integrated Bitcoin data center company, today announced updates to its Board... Read More

TORONTO, Ontario and BROSSARD, Québec, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF), a global vertically integrated Bitcoin data center company, reported its financial results for the second quarter ended June 30, 2024. All financial references are in U.S. dollars. During the quarter, Bitfarms made significant progress expanding its geographically diversified portfolio, adding 220 MW of capacity in... Read More

TORONTO, Ontario and BROSSARD, Québec, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining data center company, will report its second quarter 2024 financial results on Thursday, August 8 th , before the market opens. Management will host a conference call on the same day at 8:00 am EST. All Q2 2024 materials will be available before the call and can be accessed... Read More

Earned 253 BTC in July 2024 & Increased HODL to 1,016 BTC Increased Operational Hashrate to 11.1 EH/s TORONTO, Ontario and BROSSARD, Québec, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining data center company, provides its monthly production report and update on... Read More

TORONTO, Ontario and BROSSARD, Québec, July 26, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms” or the “Company”), a global Bitcoin vertically integrated company, today announced that it has been notified by the Toronto Stock Exchange (the “ TSX ”) that the TSX will defer its consideration of the acceptance of the Company’s shareholder rights plan (the “Rights Plan”), as announced on July 24, 2024,... Read More

Announces Adoption of New Shareholder Rights Plan Reiterates Commitment to Maximize Value for All Shareholders TORONTO, Ontario and BROSSARD, Québec, July 24, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms” or the “Company”), a global vertically integrated Bitcoin data center company, today issued the following statement in response to a decision by the Capital Markets Tribunal of the Ontario Securities... Read More

TORONTO, Ontario and BROSSARD, Québec, July 17, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, announces its participation in a virtual fireside chat hosted by H.C. Wainwright. Event Details: Hosted By: Mike Colonnese, Managing Director and Senior Crypto & Blockchain Analyst at H.C. Wainwright Bitfarms Participants: Ben Gagnon, CEO and Jeff Lucas, CFO... Read More

TORONTO, Ontario and BROSSARD, Québec, July 12, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms” or the “Company”), a global vertically integrated Bitcoin data center company, today announced that its Board of Directors (the “Board”) has called a hybrid special meeting of shareholders (the “Meeting”) to be held on October 29, 2024 (the “Meeting Date”). The Meeting has been called in response to a... Read More

TORONTO, Ontario and BROSSARD, Québec, July 08, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, today announced that the Board of Directors has appointed Ben Gagnon Chief Executive Officer, effective immediately. He was previously Chief Mining Officer. “Ben is a seasoned leader with significant experience in Bitcoin mining, and we are thrilled to appoint... Read More

TORONTO, Ontario and BROSSARD, Quebec, July 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/ TSX: BITF), a global vertically integrated Bitcoin mining company, provides its monthly production report and update on its fleet upgrade and expansion. All financial references are in U.S. dollars. “We continue to make progress on our fleet upgrades and new facility constructions, having installed over 39,000 new miners and... Read More

TORONTO, Ontario and BROSSARD, Quebec, June 27, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms” or the “Company”), a global Bitcoin vertically integrated company, today announced that its Board of Directors has unanimously approved the appointment of Fanny Philip to the Company’s Board, effective immediately. With the appointment of Ms. Philip, Bitfarms’ Board is now composed of five directors, four of... Read More

Reiterates Commitment to Strategic Alternative Review Process to Maximize Shareholder Value No Shareholder Action Required at this Time TORONTO, Ontario and BROSSARD, Quebec, June 24, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms” or the “Company”), a global Bitcoin vertically integrated company, today confirmed that it has received a shareholder meeting requisition from Riot Platforms, Inc. (“Riot”).... Read More

TORONTO, Ontario and BROSSARD, Québec, June 13, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF), a global vertically integrated Bitcoin mining company, today announced an agreement to develop up to 120 MW of power capacity and lease a site in Sharon, Pennsylvania. Situated strategically within the Pennsylvania-New Jersey-Maryland Interconnection (PJM), the largest wholesale electricity market in the U.S., and... Read More

Bitfarms Board of Directors Remains Committed to Maximizing Value for All Shareholders Continues to Welcome Riot’s Participation in Ongoing Strategic Alternatives Review Process TORONTO, Ontario and BROSSARD, Québec, June 12, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (the “Company” or “Bitfarms”), a global vertically integrated Bitcoin mining company, today issued the following statement in response to... Read More

TORONTO, Ontario and BROSSARD, Québec, June 10, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms” or the “Company”), a global Bitcoin vertically integrated company, today announced that it has been notified by the Toronto Stock Exchange (the “ TSX ”) that the TSX will defer its consideration of the acceptance of the Company’s tactical shareholder rights plan (the “Rights Plan”), as announced earlier... Read More

TORONTO, Ontario and BROSSARD, Québec, June 10, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms” or the “Company”), a global Bitcoin vertically integrated company, today announced that its Board of Directors (the “Board”) has unanimously approved the adoption of a shareholder rights plan (the “Rights Plan”) pursuant to a shareholder rights plan agreement entered into with TSX Trust Company, as rights... Read More

CASTLE ROCK, Colo. / Jun 05, 2024 / Business Wire / Riot Platforms, Inc. (“ Riot ”) issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 – Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. (the “ Company ”). Riot announces that on June 5, 2024 it acquired... Read More

Earned 156 BTC in May 2024 Secured additional hydropower in Paraguay with potential to add 6 EH/s in 2025 Increased installed hashrate to 9.5 EH/s with 7.5 EH/s operational Improved corporate energy efficiency to 27 w/TH, up 31% Y/Y & 13% M/M On track to deliver 21 EH/s and 21 w/TH in 2024 TORONTO, Ontario and BROSSARD, Québec, June 03, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/ TSX: BITF), a global vertically... Read More

TORONTO, Ontario and BROSSARD, Québec, May 31, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms” or the “Company”), a global Bitcoin vertically integrated company, today announces the results of its annual general and special meeting of shareholders (the “ Meeting ”), held virtually on May 31, 2024. A total of 149,457,098 common shares, representing 39.8% of the issued and outstanding common shares of the... Read More

Company Committed to Maximizing Value for All Shareholders; Strategic Alternatives Process Underway Reaffirms Confidence in Business and Guidance of 21 EH/s and 21 w/TH in 2024 TORONTO, Ontario and BROSSARD, Québec, May 29, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms” or the “Company”), a global Bitcoin vertically integrated company, today confirms that the Company received a proposal by Riot... Read More

TORONTO, Ontario and BROSSARD, Québec, May 15, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin vertically integrated company, reported its financial results for the first quarter ended March 31, 2024. All financial references are in U.S. dollars. Executing the expansion and transformative fleet upgrade, Bitfarms has realized notable efficiency gains and is progressing toward 2024 guidance of 21... Read More

TORONTO, Ontario and BROSSARD, Québec, May 14, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin vertically integrated company, secured an additional 100 MW at its Yguazu site through an amendment to the existing 100 MW Power Purchase Agreement (PPA) with the Paraguay state-owned utility, ANDE. This amendment doubles capacity at this site to 200 MW with scheduled deployment for 2025. This... Read More

TORONTO, Ontario and BROSSARD, Québec, May 13, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining company, today announces that Geoffrey Morphy, who had been continuing as President and Chief Executive Officer pending an executive search for a replacement as announced on March 25, 2024, has been terminated effective immediately. Mr. Morphy also no longer serves as a... Read More

TORONTO and BROSSARD, Québec, May 13, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining company, announces that it will report first quarter results on Wednesday, May 15, 2024, before the market opens. As a result, the conference call has been rescheduled for the same day at 8:00 am ET. A presentation of the Q1 2024 results will be accessible before the call on the... Read More

Earns 269 BTC in April 2024 Improves corporate energy efficiency 9% to 31 w/TH Tracking to 21 EH/s and 21 w/TH in 2024 with transformative fleet upgrade Expects VAT refund from Canada of US $23.7M TORONTO, Ontario and BROSSARD, Québec, May 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/ TSX: BITF), a global vertically integrated Bitcoin mining company, provides its monthly production report and update on its fleet... Read More

TORONTO and BROSSARD, Québec, April 26, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining company, will report its first quarter 2024 financial results on Monday May13, 2024, before the market opens. Management will host a conference call on the same day at 8:00 am EST. A presentation of the Q1 2024 results will be accessible before the call on the Investor website and... Read More

TORONTO, Ontario and BROSSARD, Québec , April 17, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF/TSX: BITF), a global vertically integrated company, today announced that various members of management will be participating in the upcoming investor and industry conferences: Bitcoin Energy Summit Date: April 22-23, 2024 Location: Miami, FL AIM Summit London 2024 Date: April 29-30, 2024 Location: London, England Bitcoin... Read More

TORONTO, Ontario and BROSSARD, Québec, April 12, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining company, today announced the completion of its first two farm upgrades with over 5,000 Bitmain T21 miners installed and operating in Québec. “Our Bitmain miner installations... Read More

TORONTO, Ontario and BROSSARD, Québec, April 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/ TSX: BITF), a global vertically integrated Bitcoin mining company, provides its monthly production report and update on its fleet upgrade and expansion. Fleet Upgrade Review Geoff Morphy, President and Chief Executive Officer said, “In March, we exercised our previously announced purchase option for 28,000 Bitmain T21 miners and... Read More

Geoff Morphy remains CEO while an executive search is conducted Company reiterates 2024 YE guidance of 21 EH/s and 21 w/TH TORONTO, Ontario and BROSSARD, Québec, March 25, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining company, today announces a CEO transition. L. Geoffrey Morphy, President, Chief Executive Officer and Director, will be departing upon completion of an... Read More

Fully exercises 28,000 Bitmain T21 miner purchase option Purchases additional 19,280 Bitmain T21 miners Purchases 3,888 Bitmain S21 miners Purchases 740 Bitmain S21 Hydro miners TORONTO, Ontario and BROSSARD, Quebec, March 11, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining company, exercised its previously announced purchase option for 28,000 Bitmain T21 miners and... Read More

TORONTO, Ontario and BROSSARD, Québec, March 08, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin vertically integrated company, announced that it has entered into an at-the-market offering agreement (the “ATM Agreement”) dated March 8, 2024 with H.C. Wainwright & Co., LLC (the “Agent”) as agent, pursuant to which the Company established an at-the-market equity program (the “ATM Program”). Pursuant... Read More

Earned 1,236 BTC in Q4 2023 and 4,928 BTC in 2023 Improved Q4 2023 gross mining margin to 52%, up from 38% in Q3 2023 Achieved debt-free goal in February 2024, enhancing financial flexibility Executing towards targets of 12 EH/s and 25 w/TH by end of Q2 2024 and 21 EH/s by end of 2024 TORONTO, Ontario and BROSSARD, Québec, March 07, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin vertically... Read More

12 Bitmain T21 miners installed and testing above specifications Executing towards targets of 12 EH/s and 25 w/TH by end of Q2 2024 and 21 EH/s by end of 2024 TORONTO, Ontario and BROSSARD, Québec, March 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: TSX: BITF), a global vertically integrated Bitcoin mining company, provides a February monthly production report as well as an update on its fleet upgrade. Fleet Upgrade... Read More

TORONTO and BROSSARD, Québec, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining company, will report its fourth quarter and full year 2023 financial results on Thursday, March 7, 2024 before the market opens. Management will host a conference call on the same day at 8:00am EST. A presentation of the Q4 2023 results will be accessible before the call on the... Read More

TORONTO, Ontario and BROSSARD, Québec, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, provides an update for the month ended January 31, 2024. “In 2024, we are embarking on an aggressive growth plan, targeting hashrates of 12 EH/s in 1H 2024 and 21 EH/s in 2H 2024,” said Geoff Morphy, President and Chief Executive Officer of Bitfarms. “The new... Read More

TORONTO, Ontario and BROSSARD, Québec, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, announced today that Bitfarms’ management and directors, led by President & CEO Geoff Morphy and co-founders Nicolas Bonta and Emiliano Grodzki, will ring the closing bell at Nasdaq MarketSite in New York’s Time Square on Tuesday, January 30 th , 2024 at 4:00 pm ET. "We are... Read More

TORONTO, Ontario and BROSSARD, Québec, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, announces that it has completed the purchase of land for its new 100 MW production facility in Yguazu, Paraguay. “This transaction, an important step in our recently announced transformative fleet upgrade, expands our LATAM portfolio with low-cost renewable... Read More

TORONTO, Ontario and BROSSARD, Québec, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, today announced that it has appointed Tracy Krumme as Senior Vice President, Head of Investor Relations. Ms. Krumme has more than 30 years of leadership experience in investor relations, financial communications, investment banking, and equity research. She... Read More

TORONTO, Ontario and BROSSARD, Québec, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, announced today that it will be presenting in-person at the 26 th Annual Needham Growth Conference on Wednesday, January 17 th , at 4:30 PM ET in NYC. President and Chief Operating Officer, Geoffrey Morphy, and Chief Financial Officer, Jeff Lucas, will be giving the... Read More

Increases hashrate 44% YOY to 6.5 EH/s at Dec. 31, 2023, exceeding guidance Expands total contracted capacity to 593 MW at Dec. 31, 2023 On track to achieve 12 EH/s and 25 w/TH fleet efficiency in Q2 2024 Optionality to achieve 17 EH/s and 23 w/TH fleet efficiency in 2024 TORONTO, Ontario and BROSSARD, Québec, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin... Read More

Miners purchased for H1 2024 upgrade plan to 12 MW Increases hashrate 2% in the month to 6.4 EH/s Finalizing contract to increase Paso Pe, Paraguay from 50 MW to 70 MW TORONTO, Ontario and BROSSARD, Québec, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, provides a monthly update for November 2023. “In November, we delivered solid performance... Read More

TORONTO, Ontario and BROSSARD, Québec, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, is pleased to announce that it has closed its previously announced private placement of equity securities (the “ Offering ”). The Offering was for gross proceeds of approximately C$60 million and consisted of the sale of 44,444,446 common shares, along with... Read More

Purchases 35,888 Bitmain T21 miners to be delivered and installed in H1 2024 Provides Q2 2024 guidance of 310 MW and 12 EH/s at 25 w/TH Secures option for an additional 28,000 T21 miners to achieve 17 EH/s in H2 2024 Schedules special conference call for November 28, 2023 at 8:30 am ET TORONTO, Ontario and BROSSARD, Québec, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically... Read More

TORONTO, Ontario and BROSSARD, Québec, Nov. 24, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, announces it has entered into subscription agreements with certain institutional investors for gross proceeds of approximately C$60 million in a private placement in the United States, comprised of 44,444,446 common shares at C$1.35 per common share along... Read More

TORONTO, Ontario and BROSSARD, Québec, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, has entered into a prepaid contract with its Argentinian private power producer to receive power at Rio Cuarto at the rate of 2.1 cents per kWh plus VAT for the months November 2023 through April 2024, which benefits from seasonally lower natural gas prices... Read More

Earns 1,172 BTC and grows treasury by 154 BTC to 703 BTC in Q3 2023 Increases hashrate to 6.1 EH/s at September 30, 2023 and 6.3 EH/s at October 31, 2023 Developing operating capacity to 290 MW in Q1 2024, up 24% from Q3 2023 TORONTO and BROSSARD, Québec , Nov. 07, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a vertically integrated Bitcoin mining company, reported its financial results for the third... Read More

Reached 54 MW at Rio Cuarto facility and 240 MW total operating capacity Increases hashrate 3% to 6.3 EH/s TORONTO, Ontario and BROSSARD, Québec, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, provides a monthly update for October 2023. “In October, we increased our hashrate to 6.3 EH/s as we completed energization of our Baie-Comeau, Québec... Read More

TORONTO and BROSSARD, Québec, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global vertically integrated Bitcoin mining company, will report its fiscal third quarter 2023 financial results on Tuesday, November 7, 2023, before the market opens. Management will host a conference call on Tuesday, November 7, 2023, at 11:00 a.m. ET to review the financial results. Following management’s formal... Read More

TORONTO, Ontario and BROSSARD, Québec, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, fully energized the first phase of its farm in Baie-Comeau, Québec, increasing its total operating capacity to 240 MW and its hashrate to 6.3 EH/s. “By fully energizing Baie-Comeau, we increased our corporate operating capacity with cost-effective and clean... Read More

TORONTO, Ontario and BROSSARD, Québec, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, announced that management will be participating in the Dawson James Small Cap Growth Conference held on October 12 in Jupiter, FL. Event: Dawson James Small Cap Growth Conference Date: October 12, 2023 Location: Wyndham Grand Jupiter at Harbourside Place, 122... Read More

Fully energizes Rio Cuarto at 51 MW, expanding total operating capacity to 233 MW Increases hashrate 9% to 6.1 EH/s Improves energy efficiency to 36 w/TH with new 28 w/TH miners TORONTO and BROSSARD, Québec, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, provides a Bitcoin (BTC) production and mining operations update for September 2023. “In... Read More

TORONTO, Ontario and BROSSARD, Québec, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, will hold its Analyst and Investor Day on September 14 th , 2023, in New York City. The senior leadership team will provide a detailed review of Bitfarms’ strategy and vision as well as conduct interactive Q&A sessions. Bitfarms Analyst and Investor Day... Read More

Increases hashrate to 5.6 EH/s Upgrades Magog farm with installation of high efficiency miners TORONTO, Ontario and BROSSARD, Québec, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, provides a Bitcoin (BTC) production and mining operations update for August 2023. “In August, we powered up new miners and continued to optimize the fleet at... Read More

3 rd Annual Needham Crypto Virtual Conference September 7 H.C. Wainwright 25 th Annual Global Investment Conference September 11-13 Analyst and Investor Day on September 14 th in New York City TORONTO, Ontario and BROSSARD, Québec, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, announced that management will be participating in the following... Read More

TORONTO, Ontario and BROSSARD, Québec, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, will host an Analyst & Investor Day on September 14, 2023, in New York City and by live simulcast. Schedule 8:00 – 9:00 am ET: Continental breakfast 9:00 am - Noon ET: Presentations and Q&A Noon ET – 1:00 ET: Lunch Invitation & RSVP required for in-person... Read More

Mines 1,223 BTC and grows HODL 114 BTC to 549 BTC in Q2 2023 Achieves 5.3 EH/s at June 30, 2023, up 10% from March 31, 2023 Sets target of 7.0 EH/s in Q1 2024 TORONTO, Ontario and BROSSARD, Québec, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a vertically integrated global bitcoin company, reported its financial results for the second quarter ended June 30, 2023, with revenue of $35 million,... Read More

20 MW of MicroBT hydro-cooled miners and containers purchased with vendor credits 30 MW air-cooled facility TORONTO and BROSSARD, Quebec, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, has initiated its first phase of development for its recently acquired 150 MW hydropower contracts in Paraguay announced July 19, 2023. Bitfarms will be... Read More

TORONTO and BROSSARD, Quebec, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, announced that management will be participating in the Canaccord Genuity 43 rd Annual Growth Conference held on August 9 -10 in Boston. Event: Canaccord Genuity 43 rd Annual Growth Conference Date: August 9 – 10, 2023 Location: InterContinental Boston, 510 Atlantic... Read More

Launched expansion to nearly double hydropower capacity to 350 MW Hosting Bitfarms Analyst Day on September 14 th in New York City TORONTO, Ontario and BROSSARD, Québec, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, provides a Bitcoin (BTC) production and mining operations update for July 2023. “We follow a disciplined and accretive growth... Read More

TORONTO and BROSSARD, Québec, July 26, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global vertically integrated Bitcoin mining company, will report its fiscal second quarter 2023 financial results on Tuesday, August 8, 2023, before the market opens. Management will host a conference call on Tuesday, August 8, 2023, at 11:00 a.m. ET to review the financial results. Following management’s formal... Read More

TORONTO and BROSSARD, Québec, July 19, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, acquired two Power Purchase Agreements (PPAs) in Paraguay for up to 150 MW of eco-friendly hydropower: up to 50 MW in Villarrica, in close proximity to the Company’s existing operations in Paraguay, and up to 100 MW in Yguazu, a new location close to the Itaipu dam,... Read More

TORONTO, Ontario and BROSSARD, Québec, July 06, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, closed the acquisition announced on April 11, 2023, of its newest farm in Baie-Comeau, Québec and immediately started production at the site. As a result, Bitfarms increased its target hashrate to 6.3 EH/s by the end of Q3 2023. “Expanding operations to 11... Read More

TORONTO, Ontario and BROSSARD, Québec, July 03, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, provided a Bitcoin (BTC) production and mining operations update for June 2023. “Deliveries and installations in Rio Cuarto, Argentina, continued on pace, and we remain on track to expand to our full operating capacity of 50 MW in Rio Cuarto and achieve 6.0... Read More

New miners online in Argentina increase corporate operating capacity by 11 MW to 207 MW TORONTO, Ontario and BROSSARD, Québec, June 12, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, reached a new hashrate high of 5.3 EH/s, up 6% from May 31, 2023. “The first tranche of 2,982 MicroBT miners were installed and began hashing last week at our Rio Cuarto... Read More

TORONTO, Ontario and BROSSARD, Québec, June 08, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, announced that management will be participating in the 2023 Cantor Fitzgerald Technology Conference held on June 14 - 15 in New York City. Event: 2023 Cantor Fitzgerald Technology Conference Date: June 14 – 15 , 2023 (June 14 features public and private... Read More

550 PH/s purchased for $13.94/TH TORONTO and BROSSARD, Québec, June 07, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, purchased 550 PH/s of new high efficiency BTC miners for $7.7 million, using a combination of cash and vendor credits. A total of 4,660 miners were purchased for $13.94/TH with a blended energy efficiency of 28 W/TH. “We secured... Read More

2,900 new miners arrived in Argentina TORONTO, Ontario and BROSSARD, Québec, June 01, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, provided a Bitcoin (BTC) production and mining operations update for May 2023. “During May 2023, our increased visibility into deliveries and installations in Rio Cuarto, Argentina led us to accelerate our organic growth... Read More

TORONTO, Ontario and BROSSARD, Québec, May 24, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (“ Bitfarms ” or the “ Company ”) (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, today announces the results of its annual general and special meeting of shareholders (the “ Meeting ”), held virtually on May 24, 2023. A total of 72,262,470 common shares, representing 30.08% of the issued and outstanding... Read More

Accelerates 6.0 EH/s target to September 30, 2023 Mines 21,000+ BTC since inception, 1,297 BTC in Q1 2023 and 379 in April 2023 Posts direct cost of production of $12,500 per BTC Q1 2023 Achieves 5.0 EH/s in April 2023 TORONTO, Ontario and BROSSARD, Québec, May 15, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd . (NASDAQ: BITF // TSX: BITF), a vertically integrated global bitcoin company, reported its financial results for the first... Read More

18 th Annual Needham Technology & Media Conference on May 18 Bitcoin 2023 Miami on May 18-20 TORONTO, Ontario and BROSSARD, Québec, May 09, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, announced that management will be participating virtually at the 18 th Annual Needham Technology & Media Conference on May 18 and in person at Bitcoin 2023 in Miami on... Read More

TORONTO and BROSSARD, Québec, May 08, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, today announces that in six years of operations it has mined 21,000 BTC with renewable hydropower. “On May 7 th , 2023, Bitfarms achieved an important milestone by producing its 21,000 th BTC mined with renewable power, representing 1/1,000 of all BTC to ever be... Read More

TORONTO and BROSSARD, Quebec, May 02, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global vertically integrated Bitcoin mining company, will report its fiscal first quarter 2023 financial results on Monday, May 15, 2023, before the market opens. Management will host a conference call on Monday, May 15, 2023, at 11:00 a.m. ET to review the financial results. Following management’s formal remarks there... Read More

TORONTO, Ontario and BROSSARD, Québec, May 01, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, provided a Bitcoin (BTC) production and mining operations update for April 2023. In addition, earlier today Bitfarms announced it had regained compliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2). “As we... Read More

TORONTO and BROSSARD, Québec, May 01, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global vertically integrated Bitcoin mining company, has received confirmation from The Nasdaq Stock Market LLC (“Nasdaq”) that it has regained compliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2). On December 13, 2022, Nasdaq notified Bitfarms that its common stock... Read More

TORONTO, Ontario and BROSSARD, Québec , April 28, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global vertically integrated Bitcoin mining company, reached 5 EH/s of production on April 27, 2023. As disclosed on April 24, 2023, in Argentina, 2,100 new miners were energized and the underclocking of existing miners was discontinued as scheduled, directly contributing an additional 250 PH/s of total... Read More

TORONTO, Ontario and BROSSARD, Québec, April 24, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global vertically integrated Bitcoin mining company, confirmed the receipt of the necessary power permits to expand production up to 100 MW at its Rio Cuarto, Argentina facility. This is expected to initially double the active capacity to 18 MW and increase the Company’s operational hashrate to 5 EH/s. The... Read More

TORONTO, Ontario and BROSSARD, Québec, April 12, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin vertically integrated company, announced that management will be participating in-person at the Ladenburg Thalmann Technology Expo 2023 on Thursday, April 27, 2023. Event: Ladenburg Thalmann Technology Expo 2023 Date: Thursday, April 27, 2023 Location: Convene Hotel, 101 Park Avenue, New York,... Read More

TORONTO, Ontario and BROSSARD, Québec, April 11, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin vertically integrated company, has entered into agreements to acquire 22 MW of hydro power capacity and to lease a site in Baie-Comeau, Quebec. The Baie-Comeau area is home to five hydro-electricity generation facilities with over 5.4 gigawatts nameplate capacity. “Executing our strategy to... Read More

TORONTO and BROSSARD, Québec, April 03, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global Bitcoin self-mining company, provided a Bitcoin (BTC) production and mining operations update for March 2023. “We improved our financial position in March 2023, reflecting stable production and an increasing BTC price,” said Geoff Morphy, CEO of Bitfarms. “During the month, we mined 424 BTC, added 30 BTC to... Read More

Mined 1,434 BTC in Q4 2022; 5,167 BTC in 2022; and 20,000+ BTC since inception through February 2023 Averaged direct cost of production of $10,000 per BTC in 2022 Reported Q4 2022 net loss of $17 million and positive Adjusted EBITDA of $1 million Expects over 30% increase in hashrate to 6.0 EH/s with existing portfolio by year-end 2023 TORONTO, Ontario and BROSSARD, Québec, March 21, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd.... Read More

TORONTO, Ontario and BROSSARD, Québec, March 08, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, announced that management will be participating in upcoming investor conferences. Event: Roth 35 th Annual Growth Conference Date: March 13-14, 2023 Location: Laguna Niguel, Calif. Event: Sidoti Small-Cap Conference Date: March 22-23, 2023 Location: Virtual Presentation:... Read More

TORONTO and BROSSARD, Québec, March 7, 2023, March 07, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, will report its fiscal fourth quarter and full year 2022 financial results on Tuesday, March 21, 2023, before the market opens. Management will host a conference call on Tuesday, March 21, 2023, at 11:00 a.m. ET to review the financial results. Following management’s... Read More

TORONTO, Ontario and BROSSARD, Québec, March 01, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global Bitcoin self-mining company, provided a Bitcoin (BTC) production and mining operations update for February 2023. “We are well-positioned for growth in 2023 following our 2022 infrastructure investments, our reduction in cash burn, and our significant deleveraging that began last June,” said Geoff... Read More

TORONTO, Ontario and BROSSARD, Quebec, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, has modified its loan agreement with BlockFi Lending LLC (Blockfi), to settle all outstanding principal and interest due totaling $21 million for a single cash payment of $7.75 million. “Combined with the earlier restructuring and elimination of our capital expenditure... Read More

TORONTO and BROSSARD, Québec , Feb. 01, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, provided a Bitcoin (BTC) production and mining operations update for January 2023. “With our proven best in class operations, well-established corporate infrastructure and team firmly in place, we are excited about the prospects in 2023 for both organic and transactional expansion... Read More

TORONTO, Ontario and BROSSARD, Québec, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (“Bitfarms” or the “Company”) (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, is working to modify and reduce indebtedness at one of its wholly-owned corporate subsidiaries. Jeff Lucas, Chief Financial Officer of Bitfarms, stated, “During 2022, Bitfarms began taking proactive actions to increase financial flexibility and... Read More

TORONTO and BROSSARD, Québec, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, announced today that management will be presenting at the 25 th Annual Needham Growth Conference on Thursday, January 12 th , at 9:30 AM ET. Event: Bitfarms Presentation at the 25 th Annual Needham Growth Conference Date: Thursday, January 12, 2023 Time: 9:30 am ET The Company’s... Read More

496 BTC mined in December 2022 4.5 EH/s and 188 MW operating capacity at year end BTC-backed loan facility paid off in full TORONTO, Ontario and BROSSARD, Québec, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, provided a Bitcoin (BTC) production and mining operations update for December 2022. “In December, we energized the remaining portions of The Bunker... Read More

TORONTO, Ontario and BROSSARD, Québec, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, promoted President and Chief Operating Officer Geoffrey Morphy to the position of President and Chief Executive Officer effective immediately. Emiliano Grodzki has resigned as CEO and will remain a Director on the Board. Co-founder Nicolas Bonta will shift from the position... Read More

TORONTO and BROSSARD, Québec, Dec. 16, 2022 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, completed the sale of its de la Pointe property, receiving US$3.6 million in net proceeds. “Today we closed on the sale of our de la Pointe location and received net cash proceeds of US$3.6 million, as expected,” said Geoff Morphy, President and COO of Bitfarms. “After an extensive... Read More

TORONTO and BROSSARD, QUÉBEC, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, today announced that on December 13, 2022 it received a written notification (the “ Notification Letter ”) from the Nasdaq Stock Market LLC (“ Nasdaq ”) indicating that, for the last thirty consecutive business days, the bid price for the Company’s common shares (the “ Shares ”) had... Read More

453 BTC mined in November and expects to exceed 5,000 BTC mined in 2022 Month-end capacity 182 megawatts, up 72% from November 2021 To present at upcoming investor conferences TORONTO, Ontario and BROSSARD, Québec, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Bitfarms Ltd . (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, provided a Bitcoin (BTC) production and mining operations update for November 2022. “Our Canadian... Read More

Governance and ESG expert joins as new independent director TORONTO and BROSSARD, Québec, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, appointed Edie Hofmeister to its board of directors, increasing the total number of board members to six. Edie Hofmeister has advised large and small multinational extractive companies on legal and ESG matters for over... Read More

Direct cost of production $500 lower at $9,400 per BTC 1,515 BTC mined in Q3 2022 and 486 BTC in October 2022 Quarter ended with 4.2 EH/s, Up 17% from June 30, 2022 Final stages of Canadian expansion projects on track for completion by year end TORONTO, Ontario and BROSSARD, Québec, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, reported its financial... Read More

Bitfarms (NASDAQ/TSX: BITF), a publicly traded, self-mining, vertically integrated Bitcoin mining company, advised its power agreements with Hydro-Québec remain in place and expects that its current and future bitcoin production will continue for the foreseeable future without disruption. Bitfarms notes that erroneous information was disseminated in a November 3, 2022, article titled “Canadian Energy Provider Hydro-Québec... Read More

486 BTC mined in October and on track to exceed 5,000 BTC mined in 2022 Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, provided a Bitcoin (BTC) production and mining operations update for October 2022. “In October, we progressed on schedule at our Garlock farm and expect to energize the first 6 megawatts (MW) of its planned 18 MW capacity by mid-November with full energization in December,”... Read More

Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, will report its fiscal third quarter 2022 financial results on Monday, November 14, 2022, before the market opens. Management will host a conference call on Monday, November 14, 2022, at 11:00 a.m. ET to review the financial results. Following management’s formal remarks there will be a question-and-answer session. Pre-submitted questions may be... Read More

● Operations and production capacity expanded to ten locations distributed across the Western Hemisphere ● Hashrate climbed to a Company high 4.2 EH/s online in September 2022 ● BTC production powered by 94 percent hydro-electric energy Following its recent expansion into Argentina, Bitfarms (NASDAQ/TSX: BITF), a global, award-winning, vertically integrated Bitcoin mining operation, is proud to celebrate the Company’s... Read More

3,733 BTC mined in first nine months of 2022, exceeding full year 2021 production Achieves September 30, 2022 target of 4.2 Exahash/second Initiates production and continues build out at first warehouse in Argentina Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, provided a Bitcoin (BTC) production and mining operations update for September 2022. “Accomplishing a significant milestone in... Read More

Marks 10 th mining facility and 4 th country in production with Argentinian warehouse Exceeds 4 EH/s milestone Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin self-mining company, hashrate exceeded the 4 exahash per second (EH/s) milestone as it commenced production at the first of two 50-megawatt (MW) warehouses under development in Argentina. The initial start-up adds 10 MW of capacity, increasing total corporate... Read More

Needham 2 nd Annual Crypto Conference, September 8 H.C. Wainwright & Co. 24 th Annual Global Investment Conference, September 12-14 Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, announced that members of management will participate in the following upcoming investor conferences. Needham 2 nd Annual Crypto Conference - Virtual September 8, 2022 Presentation time: 3:00 pm ET Presentation... Read More

Nears energization of first Argentinian warehouse Mines 534 Bitcoins for an average of 17.2 BTC/day Launches new corporate website Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, provided a Bitcoin (BTC) production and mining operations update for August 2022. “The initial segment of our first 50-megawatt (MW) warehouse in Rio Cuarto, Argentina, is nearing production and will be a key... Read More

Generated positive cash flow from mining operations Mined 1,257 BTC in Q2 2022 and 500 BTC in July 2022 Increased capacity and production with new locations in Quebec Continued build out in Argentina and on track to start production in Q4 2022 This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated August 16, 2021 to its short form base shelf prospectus dated... Read More

Increases total capacity to 166 Megawatts - Mines 500 Bitcoins for an average of 16.1 BTC/day, and ends July mining 17 BTC/day - Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, provided a Bitcoin (BTC) production and mining operations update for July 2022. “In July we completed The Bunker Phase 2, reached full production at Leger, and added new production in Washington state, increasing total... Read More

Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, will report its fiscal second quarter 2022 financial results on Monday, August 15, 2022, before the market opens. Management will host a conference call on Monday, August 15, 2022, at 11:00 a.m. ET to review the financial results. Following management’s formal remarks there will be a question-and-answer session. Pre-submitted questions may be... Read More

The Bunker Phase 2 boosts capacity by 18 megawatts Daily BTC production reaches 16.8 Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, completed the second phase of its expansion of The Bunker, providing an additional 18 megawatts (MW) of capacity and boosting the Company’s corporate hashrate by 200 petahash per second (PH/s) to a total of 3.8 exahash per second (EH/s). This brings Bitfarms’... Read More

Mines 420 Bitcoins for an Average of 14 Bitcoins per Day Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, provided a Bitcoin (BTC) production and mining operations update for June 2022. “The Bunker is nearing the completion of Phase 2, and it will be our largest active site, with 36 megawatts (MW) powering approximately 913 petahash per second (PH/s), which alone is nearly our total hashrate... Read More

Bitfarms Ltd. (“ Bitfarms ” or the “ Company ”) (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company is pleased to announce the results of its annual general meeting of shareholders (the “ Meeting ”), held in Brossard, Quebec on June 21, 2022. A total of 92,227,382 common shares, representing 45.58% of the issued and outstanding common shares of the Company were represented at the Meeting. By a vote by way of... Read More

Pays down BTC-back credit facility to US$38 million Currently holds total of 3,349 BTC Daily BTC production of approximately 14 BTC adds further liquidity Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, adjusted its HODL strategy to improve liquidity and strengthen its balance sheet. Over the past week, Bitfarms has sold a total of 3,000 Bitcoin (BTC) for approximately US$62 million and... Read More

Enters New Equipment Financing Agreement with NYDIG for US$37 Million Reduces US$100 Million BTC-backed Credit Facility to US$66 Million Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, entered into an equipment financing agreement, with initial funding of US$37 million, with NYDIG ABL LLC (NYDIG). In addition, the Company reduced its US$100 million Bitcoin (BTC)-backed credit facility with... Read More

Mines 431 Bitcoins for an Average of 13.9 Bitcoins per Day This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated August 16, 2021 to its short form base shelf prospectus dated August 12, 2021. Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, provided a Bitcoin (BTC) production and mining operations update for May 2022. “Bitfarms... Read More

Analyst and Institutional Investor Day Features Senior Management Presentations Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), an industry-leading global Bitcoin self-mining company, will host an Analyst and Institutional Investor Day on June 22, 2022, both online and in-person in Montreal. Attendees will see Bitcoin being mined in real-time and experience first-hand why Bitfarms is one of the best-run miners in the industry.... Read More

H.C. Wainwright Global Investment Conference, May 23-26, Miami D.A. Davidson Bitcoin & Blockchain Conference, June 2, NYC Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, announces that management will participate in the following conferences in May and June. Event: H.C. Wainwright Global Investment Conference (In person and hybrid) Location: Fontainebleau Miami Beach Hotel, Miami, FL Date:... Read More

Mined 961 Bitcoin in Q1 2022 at an average cost of $8,700/Bitcoin - Revenues improved to $40 million in Q1 2022, up 42% from $28 million in Q1 2021 - Adjusted EBITDA increased to $32 million in Q1 2022, up from $20 million in Q1 2021 – This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated August 16, 2021 to its short form base shelf prospectus dated August 12,... Read More

Mines 405 Bitcoins for an Average of 13.5 Bitcoins per Day Increases Hashrate 600 Petahash to 3.3 EH/s This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated August 16, 2021 to its short form base shelf prospectus dated August 12, 2021. Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, provided a Bitcoin (BTC) production and... Read More

Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, will report its fiscal first quarter 2022 financial results on Monday, May 16, 2022, before market opens. Management will host a conference call on Monday, May 16, 2022, at 11:00 a.m. ET to review the financial results. Following management’s formal remarks there will be a question-and-answer session. Pre-submitted questions may be considered... Read More

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated August 16, 2021 to its short form base shelf prospectus dated August 12, 2021. Bitfarms Ltd. (NASDAQ: BITF // TSXV: BITF) (“ Bitfarms ” or the “ Company ”), a global Bitcoin self-mining company, has received final approval for the listing of its common shares on the Toronto Stock Exchange (the “ TSX ”). The... Read More

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated August 16, 2021 to its short form base shelf prospectus dated August 12, 2021. Bitfarms Ltd. (NASDAQ: BITF // TSXV: BITF), a global Bitcoin self-mining company, initiated production at Leger, located in Sherbrooke, Québec, increasing our operational hashrate to 3 exahash per second (EH/s). The initial... Read More

Bitcoin 2022, April 6-9 - Cowen Bitcoin Mining Summit, April 12-13 - Bitfarms Ltd. (NASDAQ: BITF // TSXV: BITF), a global Bitcoin self-mining company, announced that members of management will participate in the following conferences in April. Event: Bitcoin 2022 Location: Miami Beach Convention Center Date: April 6-9, 2022 Time: Bitfarms’ Chief Mining Officer Ben Gagnon will be a panelist: - April 7, 11 am ET, Mining Stage... Read More

Increases Hashrate 400 Petahash to 2.7 EH/s Secures Additional US$40 Million Draw from BTC-backed Credit Facility & Grants Stock Options Bitfarms Ltd. (NASDAQ: BITF // TSXV: BITF), a global Bitcoin self-mining company, provided a Bitcoin (BTC) production and mining operations update for March 2022. “Adding 400 petahash per second to our hashrate in March, we are rapidly approaching our goal of 3 exahash per second (EH/s),... Read More

Mined 3,453 Bitcoin in 2021 at an Average Cost of $8,100/Bitcoin Net Income improved to $10 million in Q4 2021, up from Net Loss of $5 million in Q4 2020 Adjusted EBITDA increased to $44 million in Q4 2021, up from $4 million in Q4 2020 This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated August 16, 2021 to its short form base shelf prospectus dated August... Read More

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated August 16, 2021 to its short form base shelf prospectus dated August 12, 2021. Bitfarms Ltd. (NASDAQ: BITF // TSXV: BITF), a global Bitcoin self-mining company, will report its fiscal fourth quarter and full year 2021 financial results on Monday, March 28, 2022, before the market opens. Management will host... Read More

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated August 16, 2021 to its short form base shelf prospectus dated August 12, 2021. Bitfarms Ltd. (NASDAQ: BITF // TSX-V: BITF), a global Bitcoin self-mining company, commenced production at The Bunker, located in Sherbrooke, Québec. As Bitfarms previously announced in October 2021, The Bunker is being... Read More

Bitfarms Ltd. (“ Bitfarms ” or the “ Company ”)(NASDAQ: BITF // TSXV: BITF), a global Bitcoin self-mining company, has acquired land and a building in Sherbrooke, Québec. This new location, known as Garlock, is expected to have a power capacity of 18 megawatts (MW) and will replace the existing de la Pointe facility, which will eventually be retired as previously announced in the Company’s press release dated September 7,... Read More

Bitfarms Ltd. (NASDAQ: BITF // TSXV: BITF), a global Bitcoin self-mining company, announces President and Chief Operating Officer, Geoffrey Morphy, and Chief Financial Officer, Jeff Lucas, will participate in the following investor conferences. Event: Date: Time: 34 th Annual Roth Conference, Dana Point, CA (In person 1x1 meetings) March 13-15, 2022 Panel discussion, Monday, March 14, 2:00 PM PT/ 5:00 PM ET Event: Date:... Read More

Bitfarms Ltd. (NASDAQ: BITF // TSXV: BITF), a global Bitcoin self-mining company, provided a Bitcoin (BTC) production and mining operations update for February 2022. “Nearing the opening of our two new farms in Sherbrooke, Québec, we remain on track to achieving our goal of 3 exahash per second (EH/s) by the end of the first quarter 2022,” said Emiliano Grodzki, CEO of Bitfarms. “Miner deliveries accelerated in the second... Read More

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated August 16, 2021 to its short form base shelf prospectus dated August 12, 2021. Bitfarms Ltd. (NASDAQ: BITF // TSXV: BITF), a global Bitcoin self-mining company, entered into a $32 million equipment financing agreement. “This equipment financing agreement provides another source of non-dilutive capital,... Read More

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated August 16, 2021 to its short form base shelf prospectus dated August 12, 2021. Bitfarms Ltd. (NASDAQ: BITF // TSXV: BITF), a global Bitcoin self-mining company, hired three executives for newly created positions to support its growth. “Bitfarms is driving dynamic and rapid expansion, which we expect to... Read More

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated August 16, 2021 to its short form base shelf prospectus dated August 12, 2021. Bitfarms Ltd. (NASDAQ: BITF // TSXV: BITF), a global Bitcoin self-mining company, provides a Bitcoin (BTC) purchase and treasury update. Emiliano Grodzki, Bitfarms Founder and Chief Executive Officer, said, “Our guiding company... Read More