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Bitfarms Ltd. - Common Stock (BITF)

1.4500
-0.0500 (-3.33%)

Bitfarms Ltd is a prominent cryptocurrency mining company that specializes in the production of Bitcoin through the use of advanced hardware and technology

The company operates large-scale mining facilities equipped with high-performance mining rigs, leveraging renewable energy sources to power its operations. Bitfarms is dedicated to optimizing the efficiency of its mining processes while maintaining a commitment to sustainability and environmentally friendly practices. In addition to its mining activities, the company is involved in the broader blockchain ecosystem, contributing to the growth and development of the digital currency landscape.

SummaryNewsPress ReleasesChartHistoricalFAQ
Bitfarms Engages Strategic Partners to Develop HPC/AI Business
-Engages expert consultants ASG & World Wide Technology-
By Bitfarms Ltd. · Via GlobeNewswire · January 31, 2025
Bitfarms Enters into a Binding LOI with HIVE Digital Technologies for the Sale of its Yguazu, Paraguay Site
-Bitfarms to reinvest capital in US growth opportunities-
By Bitfarms Ltd. · Via GlobeNewswire · January 28, 2025
Bitfarms to Present at Needham Growth Conference in NYC
TORONTO, Ontario and BROSSARD, Québec, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms”), a global vertically integrated Bitcoin data center company, will be attending Needham’s 27th Annual Growth Conference, taking place from January 14-15th in New York City. Bitfarms CEO Ben Gagnon, CFO Jeff Lucas, and SVP IR & Corp. Comms. Tracy Krumme will be conducting investor meetings with a presentation at the following time:
By Bitfarms Ltd. · Via GlobeNewswire · January 8, 2025
Bitfarms Provides December 2024 Production and Operations Update
- Increased hashrate 97% Y/Y to 12.8 EH/s - - Improved efficiency 40% Y/Y to 21 w/TH -- Earned 2,914 BTC for full-year 2024 -- Expanded operational MW 35% Y/Y to 324MW -- Acquisition of Stronghold Digital Mining on track to close in Q1 2025 -
By Bitfarms Ltd. · Via GlobeNewswire · January 2, 2025
Bitfarms Files Second Amended and Restated Prospectus Supplement for its Existing At-the-Market Equity Offering Program
-US$87 million remains on the ATM-
By Bitfarms Ltd. · Via GlobeNewswire · December 17, 2024
Bitfarms Announces Restatement of Previously Issued Financial Statements
This news release constitutes a “designated news release” for the purposes of the Company’s amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus dated November 10, 2023.
By Bitfarms Ltd. · Via GlobeNewswire · December 9, 2024
Bitfarms Provides November 2024 Production and Operations Update
Achieved 12.8 EH/s & earned 204 BTC in November 2024
By Bitfarms Ltd. · Via GlobeNewswire · December 2, 2024
Bitfarms Announces Results of Special Meeting of Shareholders
- Bitfarms Board of Directors Increased to Six Members, Five of whom are Independent –-Andrew J. Chang Appointed as Independent Director--Shareholder Rights Plan Approved-
By Bitfarms Ltd. · Via GlobeNewswire · November 20, 2024
Bitfarms Reports Third Quarter 2024 Results
- 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% -
By Bitfarms Ltd. · Via GlobeNewswire · November 13, 2024
Bitfarms Reschedules Third Quarter 2024 Conference Call to November 13th, 2024
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 13th, 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 ‘Financial Results’ section of the Bitfarms investor site.
By Bitfarms Ltd. · Via GlobeNewswire · November 11, 2024
Bitfarms Provides October 2024 Production and Operations Update
Earned 236 BTC in October 2024 & Increased Bitcoin Treasury to 1,188 BTC
By Bitfarms Ltd. · Via GlobeNewswire · November 1, 2024
Bitfarms Enters into Second 10,000 Miner Hosting Agreement with Stronghold Digital Mining
- Follows initial 10,000 miner hosting agreement announced in September –
By Bitfarms Ltd. · Via GlobeNewswire · October 31, 2024
Bitfarms Nominates Andrew J. Chang for Election to the Board of Directors
- Company to Hold Virtual Special Meeting of Shareholders on November 20, 2024 -
By Bitfarms Ltd. · Via GlobeNewswire · October 29, 2024
Bitfarms Appoints Rachel Silverstein as U.S. General Counsel
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023.
By Bitfarms Ltd. · Via GlobeNewswire · October 28, 2024
Bitfarms Schedules Third Quarter 2024 Conference Call on November 12th, 2024
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 12th, 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 ‘Financial Results’ section of the Bitfarms investor site.
By Bitfarms Ltd. · Via GlobeNewswire · October 25, 2024
Bitfarms Files Amended and Restated Prospectus Supplement for its Existing At-the-Market Equity Offering Program
-This is a required amendment based on the proposed Stronghold Digital Mining acquisition-
By Bitfarms Ltd. · Via GlobeNewswire · October 4, 2024
Bitfarms Provides September 2024 Production and Operations Update
- Earned 217 BTC in September 2024 & Increased HODL to 1,147 BTC -- Reached End-of-Year Efficiency Target of 21 w/TH Ahead of Schedule -- Signed Hosting Agreement with Stronghold Digital Mining -- Announced Settlement Agreement with Riot Platforms & Rescheduled Special Meeting of Bitfarms Shareholders to November 20, 2024 -
By Bitfarms Ltd. · Via GlobeNewswire · October 1, 2024
Riot Platforms, Inc. Early Warning Report Press Release Regarding Settlement Agreement With Bitfarms Ltd.
Riot Platforms, Inc. (NASDAQRIOT) (“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. (NASDAQ/TSX: BITF) (“Bitfarms” or the “Company”).
By Riot Platforms, Inc. · Via Business Wire · September 23, 2024
Bitfarms and Riot Announce Settlement
- Andrés Finkielsztain Steps Down from Board - - Bitfarms Appoints Amy Freedman to Board of Directors - - Board to Nominate an Independent Director for Election at Special Meeting - - Standstill Agreement Through 2026 Annual Meeting -
By Bitfarms Ltd.; Riot Platforms Inc. · Via GlobeNewswire · September 23, 2024
Bitfarms Enters into 10,000 Miner Hosting Agreement with Stronghold Digital Mining
- Agreement to support 2.2 EH/s with energization expected in October, two months ahead of schedule -
By Bitfarms Ltd. · Via GlobeNewswire · September 13, 2024
Bitfarms Enhances Operations Teams
-Appoints Alex Brammer to Senior Vice President of Global Mining Operations-
By Bitfarms Ltd. · Via GlobeNewswire · September 10, 2024
Bitfarms Reschedules Special Meeting of Shareholders
- Provides Update on Engagement with Riot -- Special Meeting to be Held In-Person -  
By Bitfarms Ltd. · Via GlobeNewswire · September 9, 2024
Bitfarms to Present at H.C. Wainwright 26th Annual Global Investment Conference
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 26th 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 Bitcoin mining peers. In addition, Mr. Gagnon and Jeff Lucas, Bitfarms Chief Financial Officer, will be giving a Company Presentation.
By Bitfarms Ltd. · Via GlobeNewswire · September 4, 2024
Bitfarms Issues Statement to Address Misleading Claims from Riot
- Reiterates Commitment to Value Creation -
By Bitfarms Ltd. · Via GlobeNewswire · September 4, 2024
Bitfarms Provides August 2024 Production and Operations Update
- Bitfarms to Acquire Stronghold Digital Mining, Increasing 2025 Energy Portfolio by 47% -- Earned 233 BTC in August 2024 & Increased HODL to 1,103 BTC -- Increased Operational Hashrate to 11.3 EH/s - - Announces Assumption of Control of Sharon, PA Site -
By Bitfarms Ltd. · Via GlobeNewswire · September 3, 2024