Bitfarms Ltd., a blockchain infrastructure company, mines for cryptocurrency coins and tokens in North America. The company owns and operates server farms comprising computers that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. It also provides electrician services to commercial and residential customers in Quebec, Canada. It also provides hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.
IPO Year:
Exchange: NASDAQ
Website: bitfarms.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2025 | Outperform | Keefe Bruyette | |
| 12/4/2024 | $6.00 | Buy | Alliance Global Partners |
| 6/11/2024 | $4.00 → $5.00 | Overweight | Cantor Fitzgerald |
| 6/4/2024 | $4.00 | Buy | H.C. Wainwright |
| 12/14/2023 | $4.00 | Buy | B. Riley Securities |
| 5/19/2023 | $2.00 | Overweight | Cantor Fitzgerald |
144 - Bitfarms Ltd (0001812477) (Subject)
6-K - Bitfarms Ltd (0001812477) (Filer)
6-K - Bitfarms Ltd (0001812477) (Filer)
6-K - Bitfarms Ltd (0001812477) (Filer)
SCHEDULE 13D/A - Bitfarms Ltd (0001812477) (Subject)
6-K - Bitfarms Ltd (0001812477) (Filer)
6-K - Bitfarms Ltd (0001812477) (Filer)
40-F - Bitfarms Ltd (0001812477) (Filer)
6-K - Bitfarms Ltd (0001812477) (Filer)
6-K - Bitfarms Ltd (0001812477) (Filer)
- Revenue of $67 million, up 33% Y/Y -- Gross mining margin of 43%, down from 63% from Q1 2024 -- Total energy pipeline of ~1.4 GW, ~80% based in the U.S. -- Private debt facility announced in April 2025 with division of Macquarie Group for up to $300 million to fund initial HPC project development at Panther Creek, validating the attractiveness of Bitfarms' potential HPC data center development pipeline - This news release constitutes a "designated news release" for the purposes of the Company's second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario, May 14, 2025 (GLOBE NEWSWIRE) -- Bi
TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF), a global energy and compute infrastructure company, will report its first quarter 2025 financial results on Wednesday, May 14th before the market opens. Management will host a conference call on the same day at 8:00 am ET. All Q1 2025 materials will be available before the call and can be accessed on the ‘Financial Results' section of the Bitfarms investor site. The live webcast and a webcast replay of the conference call can be accessed here. To access the call by telephone, register here to receive dial-in numbers and a unique PIN to join the call. About Bitfarms Ltd. Founded in 2017, Bitfarms is a global
TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF), a global energy and compute infrastructure company, today announced its participation in several upcoming investor and industry conferences. Event Details: Event: Consensus 2025Date: May 14-16, 2025Location: Toronto, Ontario Bitfarms Speakers: Ben Gagnon (CEO), Jeff Lucas (CFO), Alex Brammer (SVP, Mining Operations), Rachel Silverstein (General Counsel, North America) Panel Information: https://investor.bitfarms.com/events/event-details/consensus-2025 Event: AIM Summit LondonDate: May 19-20, 2025Location: LondonBitfarms Participants: Ben Gagnon (CEO), Jeff Lucas (CFO), Tracy Krumme (SVP, IR & Comms)Panel Informat
- New private debt facility with a division of Macquarie Group for up to $300 million to fund initial HPC project development at Panther Creek, validating the attractiveness of Bitfarms' potential HPC data center development pipeline- --Operational hashrate of 19.5 EHuM and fleet efficiency of 19 w/TH– This news release constitutes a "designated news release" for the purposes of the Company's second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario, May 01, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF), a global energy and compute infrastructure company, today issued its latest
CASTLE ROCK, Colo., April 8, 2025 /CNW/ - Riot Platforms, Inc. (NASDAQ:RIOT) ("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"). On April 7, 2025, Riot delivered a waiver and irrevocable proxy (the "Waiver and Irrevocable Proxy") to the Company, pursuant to which Riot irrevocably waived and relinquished its rights under Section 2.2, Section 3.4, Section 3.5, Section 3.7 and Section 5 of the Settlement Agreement (
Initial draw at close of $50 million, with up to a total of $300 million available upon entry into definitive project loan documentationEarly-stage investment from a division of Macquarie Group, one of the world's largest infrastructure investors, further validates the attractiveness of Bitfarms' potential HPC data center development pipeline, especially its near-term project at Panther CreekA $300 million facility is expected to provide the necessary capital for Bitfarms to fund the initial portion of the Panther Creek data center development and buildout in a non-dilutive manner This news release constitutes a "designated news release" for the purposes of the Company's amended and resta
- Operational hashrate of 19.5 EHuM and fleet efficiency of 19 w/TH–-Completes acquisition of Stronghold Digital Mining & sale of Yguazu, Paraguay data center--Appoints two new key HPC/AI and Infrastructure Executives- This news release constitutes a "designated news release" for the purposes of the Company's second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, April 01, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF), a global energy and compute infrastructure company, today issued its latest monthly production report. All financial references are in U.S. dollars. CEO Ben Gagnon s
- Revenue of $56 million, up 21% Y/Y -- Gross mining margin of 47%, down from 57% from Q4 2023 -- 18.6 EHuM up 186% from Q4 2023-- Current efficiency of 19w/TH a 45% improvement from Q4 2023--Total energy pipeline of ~1.4 GW, ~80% based in the U.S.--Completed acquisition of Stronghold Digital Mining & sale of Yguazu, Paraguay data center- This news release constitutes a "designated news release" for the purposes of the Company's second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, March 27, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX:BITF), a global vertica
TORONTO, March 26, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF), a global Bitcoin and vertically integrated data center company, today announced that it has appointed James Bond as Senior Vice President of High-Performance Computing ("HPC"). Mr. Bond is a subject matter expert in HPC/AI with a proven record of launching new cloud and service provider offerings for large scale data centers across the U.S. He has over 20 years' experience in public sector solution architecture and IT infrastructure design and implementation, including 15 years at Hewlett Packard Enterprise ("HPE") where he most recently led their North America HPC/AI infrastructure platforms category. Under his
TORONTO, Ontario, March 19, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF), a global Bitcoin and vertically integrated data center company, will report its fourth quarter and full year 2024 financial results on Thursday, March 27 before the market opens. Management will host a conference call on the same day at 8:00 am EST. All Q4 2024 materials will be available before the call and can be accessed on the ‘Financial Results' section of the Bitfarms investor site. The live webcast and a webcast replay of the conference call can be accessed here. To access the call by telephone, register here to receive dial-in numbers and a unique PIN to join the call. About Bitfarms Ltd. Found
Keefe Bruyette initiated coverage of Bitfarms with a rating of Outperform
Alliance Global Partners initiated coverage of Bitfarms with a rating of Buy and set a new price target of $6.00
Cantor Fitzgerald resumed coverage of Bitfarms with a rating of Overweight and set a new price target of $5.00 from $4.00 previously
H.C. Wainwright initiated coverage of Bitfarms with a rating of Buy and set a new price target of $4.00
B. Riley Securities initiated coverage of Bitfarms with a rating of Buy and set a new price target of $4.00
Cantor Fitzgerald initiated coverage of Bitfarms with a rating of Overweight and set a new price target of $2.00
- Operational hashrate of 19.5 EHuM and fleet efficiency of 19 w/TH–-Completes acquisition of Stronghold Digital Mining & sale of Yguazu, Paraguay data center--Appoints two new key HPC/AI and Infrastructure Executives- This news release constitutes a "designated news release" for the purposes of the Company's second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, April 01, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF), a global energy and compute infrastructure company, today issued its latest monthly production report. All financial references are in U.S. dollars. CEO Ben Gagnon s
TORONTO, March 26, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF), a global Bitcoin and vertically integrated data center company, today announced that it has appointed James Bond as Senior Vice President of High-Performance Computing ("HPC"). Mr. Bond is a subject matter expert in HPC/AI with a proven record of launching new cloud and service provider offerings for large scale data centers across the U.S. He has over 20 years' experience in public sector solution architecture and IT infrastructure design and implementation, including 15 years at Hewlett Packard Enterprise ("HPE") where he most recently led their North America HPC/AI infrastructure platforms category. Under his
- Operational hashrate of 16.1 EH/s –- Acquisition of Stronghold Digital Mining & sale of Yguazu site on track for Q1 2025 close –-Appoints Craig Hibbard to SVP of Infrastructure- This news release constitutes a "designated news release" for the purposes of the Company's second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, March 03, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF), a global Bitcoin and vertically integrated data center company, today issued its latest monthly production report. All financial references are in U.S. dollars. CEO Ben Gagnon stated, "We are on track to cl
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. TORONTO, Ontario and BROSSARD, Québec, Dec. 02, 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. Bitfarms achieved an operating hashrate of 12.8 EH/s in November with initial deployment of miners to Stronghold Digital Mining's sites in Pennsylvania under the hosting agreements announced in
- Bitfarms Board of Directors Increased to Six Members, Five of whom are Independent –-Andrew J. Chang Appointed as Independent Director--Shareholder Rights Plan Approved- 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. 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 (the "Special Meeting") of shareholders
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. TORONTO, Ontario and BROSSARD, Québec, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (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 mining-focused attorneys in the U.S., having served as lead counsel on well over a g
- 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 - 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. TORONTO, Ontario and BROSSARD, Québec and CASTLE ROCK, Colo., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF) ("Bitfarms" or the "Company"), a global leader in vertically integrated Bitcoin data center operations, and Riot Platforms Inc.
-Appoints Alex Brammer to Senior Vice President of Global Mining Operations- -Promotes Benoit Gobeil to Chief Infrastructure Officer- -Separates Mining Operations into two divisions, Infrastructure and Mining Operations- 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. TORONTO, Ontario and BROSSARD, Québec, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF) ("Bitfarms" or the "Company"), a global vertically integrated Bitcoin data center company, today announced the following enhancements to its Operations teams. Effective immed
-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- 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. TORONTO, Ontario and BROSSARD, Québec, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global vertically integrated Bitcoin data center company, today announced updates to its Board of Directors and Executive Team. Board of DirectorsBen Gagnon, Chief E
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. TORONTO, Ontario and BROSSARD, Québec, July 08, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (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 someone of his caliber as the Company's next CEO," said Nicolas Bonta, Chair
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- Revenue of $67 million, up 33% Y/Y -- Gross mining margin of 43%, down from 63% from Q1 2024 -- Total energy pipeline of ~1.4 GW, ~80% based in the U.S. -- Private debt facility announced in April 2025 with division of Macquarie Group for up to $300 million to fund initial HPC project development at Panther Creek, validating the attractiveness of Bitfarms' potential HPC data center development pipeline - This news release constitutes a "designated news release" for the purposes of the Company's second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario, May 14, 2025 (GLOBE NEWSWIRE) -- Bi
TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF), a global energy and compute infrastructure company, will report its first quarter 2025 financial results on Wednesday, May 14th before the market opens. Management will host a conference call on the same day at 8:00 am ET. All Q1 2025 materials will be available before the call and can be accessed on the ‘Financial Results' section of the Bitfarms investor site. The live webcast and a webcast replay of the conference call can be accessed here. To access the call by telephone, register here to receive dial-in numbers and a unique PIN to join the call. About Bitfarms Ltd. Founded in 2017, Bitfarms is a global
Initial draw at close of $50 million, with up to a total of $300 million available upon entry into definitive project loan documentationEarly-stage investment from a division of Macquarie Group, one of the world's largest infrastructure investors, further validates the attractiveness of Bitfarms' potential HPC data center development pipeline, especially its near-term project at Panther CreekA $300 million facility is expected to provide the necessary capital for Bitfarms to fund the initial portion of the Panther Creek data center development and buildout in a non-dilutive manner This news release constitutes a "designated news release" for the purposes of the Company's amended and resta
- Revenue of $56 million, up 21% Y/Y -- Gross mining margin of 47%, down from 57% from Q4 2023 -- 18.6 EHuM up 186% from Q4 2023-- Current efficiency of 19w/TH a 45% improvement from Q4 2023--Total energy pipeline of ~1.4 GW, ~80% based in the U.S.--Completed acquisition of Stronghold Digital Mining & sale of Yguazu, Paraguay data center- This news release constitutes a "designated news release" for the purposes of the Company's second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, March 27, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX:BITF), a global vertica
TORONTO, Ontario, March 19, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF), a global Bitcoin and vertically integrated data center company, will report its fourth quarter and full year 2024 financial results on Thursday, March 27 before the market opens. Management will host a conference call on the same day at 8:00 am EST. All Q4 2024 materials will be available before the call and can be accessed on the ‘Financial Results' section of the Bitfarms investor site. The live webcast and a webcast replay of the conference call can be accessed here. To access the call by telephone, register here to receive dial-in numbers and a unique PIN to join the call. About Bitfarms Ltd. Found
- 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% - 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. TORONTO, Ontario and BROSSARD, Québec, Nov. 13, 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. For those that have already registered, all links will remain the same as previously announced.
TORONTO, Ontario and BROSSARD, Québec, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (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. The live webcast and a webcast replay of the conference call can be accessed here. To access the call by telephone, register here to receive dial-in numbers and a unique PIN to join the call. About Bitfarms Ltd. Founde
- 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 Expansion Potential up to 790 MW- - Conference Call at 8:30 AM ET to Discuss Transaction - This news release constitutes a "designated news release" for the purposes of Bitfarms' prospectus supplement dated March 8, 2024, to
- Revenue of $42 million, down 16% Q/Q and up 17% Y/Y - - Gross mining margin of 51%, compared to 64% in Q1 2024 and 48% in Q2 2023 - - Current hashrate of 11.1 EH/s, up from 6.5 EH/s in Q1 2024 -- Current efficiency of 25 w/TH, a 26% improvement from Q1 2024 -- On track to achieve guidance of 21 EH/s and 21 w/TH in 2024 -- Increased MW capacity by 220 MW, bringing total to 648 and supporting over 35 EH/s in 2025 - - Special Committee concludes strategic alternatives review process - 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 sh