Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.

Bitfarms Ltd.

Bitfarms Ltd is a global vertically integrated Bitcoin mining operation.

Bitfarms

Global vertically integrated #Bitcoin mining and data center operation.
Where Growth Meets Efficiency.
NASDAQ 🇺🇸 - TSX 🇨🇦: BITF

Galaxy Digital

Dominion Capital

DC BFL SPV

Bitfarms today issued a statement in response to Riot Platforms, Inc. Read an excerpt here:

“The upcoming special meeting is not about corporate governance, as Riot has repeatedly positioned it to be, but rather about Riot attempting to acquire Bitfarms at a discounted price for the benefit of Riot shareholders, not Bitfarms shareholders.”

To read the full statement, please see our press release: https://bit.ly/3MA7bNb

#Bitcoin #BITF

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 

Press Release: https://bit.ly/3APJ9Lo 
 
#BITF #Bitcoin #BitcoinMining

🚧 Yguazu construction update! 

Venture inside one of our fast-growing data centers.

With 200 MW of hydropower contracted, everyone is working at a brisk pace towards electrification. 

#Bitcoin #Paraguay #BITF

Want to learn more about our recent agreement to acquire Stronghold Digital Mining?

👀CEO Ben Gagnon discusses the deal and more on @CNBC Crypto World https://cnb.cx/3X5wT0N

You can also see the full press release here: https://bit.ly/3yVvDFl

#Bitcoin #BTC #BITF

We are pleased to announce that Bitfarms has assumed control of its newest data center in Sharon, Pennsylvania. 
 
- Closed on 110 MW 
- 30 MW expected online by YE 2024 
- LOI signed for additional 10 MW 
 
To learn more, see the full details here: https://bit.ly/4fZmBIe 

#Bitcoin #BITF

Bitfarms’ definitive agreement to acquire Stronghold Digital opens up the possibility of disruptive and innovative HPC/AI/BTC data center structure. This arrangement could translate to strategic strength on CAPEX requirements, site economics and ROIC for HPC/AI infrastructure.

To learn more about our improved economics in HPC/AI management, see this week’s press release:  https://bit.ly/3yVvDFl 

#Bitcoin #AI #BITF

Bitfarms’ acquisition of Stronghold will create a short-term total potential power capacity of 307 MW, with a long-term total potential power capacity of 905 MW. Further, this will allow us to expand and rebalance our energy portfolio with 300+ MW of power based in the US. By year-end 2025, power generated in the US could represent nearly 50% of our total capacity. 

To learn more about how this agreement adds value to shareholders, see our press release here: https://bit.ly/3yVvDFl

#Bitcoin #BITF

Bitfarms has entered into a definitive agreement under which the Company will acquire 100% of the equity securities of Stronghold Digital Mining, Inc (NASDAQ: SDIG). This agreement would add significant value to shareholders, including:

- Provides Clear Path to 950 MW Active Power Capacity, with nearly 50% in the U.S., by YE 2025E 
- Adds 142 MW of Pennsylvania-New Jersey-Maryland (PJM) Interconnection Import Capacity with Long Term Expansion Potential up to 790 MW 
- Adds 4.0 Exahash (EH/s) to Bitfarms’ existing hashrate with expansion capacity up to 10 EH/s with Fleet Refresh 

CEO Ben Gagnon detailed more advantages in our Press Release: “By vertically integrating with power generation, expanding our energy trading capabilities, and securing two high potential sites for HPC/AI with significant multi-year expansion potential, we are executing on our strategy to diversify our company beyond Bitcoin mining to become better Bitcoin miners and create long-term shareholder value.” 

For more information, read the full Release: https://bit.ly/3yVvDFl

Be sure to listen to our conference call on Bitfarms’ acquisition agreement at 8:30 am.

👉 https://lnkd.in/eM-GD67k

For more details, see the full release here: https://bit.ly/3yVvDFl

#Bitfarms #BITF

We are pleased to announce that Bitfarms has entered into a definitive agreement to acquire Stronghold Digital Mining. This transaction is a decisive step in securing a strong future for Bitfarms – it is not only consistent with our strategy to diversify our access to power, but also significantly strengthens our U.S. presence. 
 
Stronghold brings to Bitfarms vertically integrated crypto asset mining operations and access to the strategically desirable PJM grid, the largest wholesale electricity market in the U.S. Looking ahead, Bitfarms remains on track to deliver our fully funded 2024 guidance and is poised to deliver the greatest hashrate growth and bottom line improvement in our company’s history with industry leading benchmarks.
 
Learn more here: https://bit.ly/3yVvDFl
 
#Bitcoin #BITF

	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
account payables	4.45M -	2.69M 39.49%	2.29M 15.14%	2.06M 9.97%	9.87M 379.50%	12.90M 30.63%	9.08M 29.62%
accumulated other comprehensive income loss				5.59M -	43.70M 682.10%	65.51M 49.90%	2.94M 95.51%
cash and cash equivalents	4.52M -	552K 87.78%	2.16M 291.12%	5.95M 175.45%	125.27M 2,006.49%	30.81M 75.41%	84.04M 172.77%
cash and short term investments	4.52M -	552K 87.78%	2.16M 291.12%	5.95M 175.45%	191.30M 3,116.82%	35.44M 81.47%	115.91M 227.02%
common stock	115K -	162K 40.87%	33.94M 20,853.09%	32.00M 5.72%	378.89M 1,083.89%	429.12M 13.26%	530.12M 23.54%
deferred revenue		761K -		953K -			12.77M -
deferred revenue non current
deferrred tax liabilities non current	702K -				8.45M -
goodwill					16.95M -
goodwill and intangible assets	4.72M -	1.01M 78.55%	675K 33.37%	377K 44.15%	18.64M 4,843.24%	33K 99.82%	3.70M 11,112.12%
intangible assets	4.72M -	1.01M 78.55%	675K 33.37%	377K 44.15%	1.68M 345.89%	33K 98.04%	3.70M 11,112.12%
inventory	431K -	124K 71.23%	135K 8.87%	169K 25.19%	548K 224.26%	588K 7.30%	705K 19.90%
long term debt		693K -	20.57M 2,867.68%	7.57M 63.19%	10.14M 33.89%	18.31M 80.61%	12.99M 29.03%
long term investments
net debt	-4.52M -	1.17M 125.81%	20.03M 1,617.58%	22.42M 11.95%	-40.53M 280.77%	34.20M 184.38%	-64.17M 287.61%
net receivables	519K -	1.26M 142.20%	3.69M 193.64%	1.40M 62.07%	3.71M 165.36%	16.77M 351.33%	2.21M 86.83%
other assets
other current assets	2.94M -	1.36M 53.70%	565K 58.52%	1.65M 192.39%	91.56M 5,442.37%	16.29M 82.21%	11.16M 31.47%
other current liabilities	1.28M -	175K 86.34%	102K 41.71%	4.67M 4,476.47%	16.70M 257.75%	7.64M 54.23%	40.43M 428.86%
other liabilities
other non current assets		1.06M -	1.50M 40.83%	942K 37.07%	3.62M 284.50%	5.96M 64.41%	4.90M 17.70%
other non current liabilities	207K -	232K 12.08%	193K 16.81%	209K 8.29%	239K 14.35%	1.98M 728.03%	1.82M 8.24%
othertotal stockholders equity	22.88M -	24.04M 5.03%					56.62M -
preferred stock
property plant equipment net	21.34M -	20.86M 2.24%	44.13M 111.55%	41.22M 6.61%	229.31M 456.34%	268.02M 16.88%	240.14M 10.40%
retained earnings	4.91M -	-8.76M 278.49%	-5.86M 33.11%	-22.14M 278.16%	-15K 99.93%	-239.06M 1,593,666.67%	-294.92M 23.37%
short term debt		1.02M -	1.62M 58.05%	20.80M 1,183.77%	74.61M 258.73%	46.70M 37.40%	6.88M 85.27%
short term investments					66.03M -	4.63M 92.98%	31.87M 587.59%
tax assets					3.90M -
tax payables	1.28M -	761K 40.59%		316K -	12.09M 3,726.90%		1.11M -
total assets	34.55M -	26.23M 24.07%	52.86M 101.49%	51.70M 2.18%	542.59M 949.41%	343.10M 36.77%	378.73M 10.38%
total current assets	8.48M -	3.29M 61.17%	6.55M 98.79%	9.17M 39.97%	287.13M 3,031.84%	69.09M 75.94%	129.98M 88.14%
total current liabilities	5.74M -	4.66M 18.81%	4.01M 13.90%	28.48M 610.33%	101.18M 255.30%	67.24M 33.54%	69.15M 2.84%
total debt		1.72M -	22.19M 1,191.39%	28.37M 27.86%	84.74M 198.72%	65.01M 23.28%	19.87M 69.43%
total investments					66.03M -	4.63M 92.98%	31.87M 587.59%
total liabilities	6.64M -	5.58M 16.00%	24.77M 343.79%	36.26M 46.39%	120.00M 230.98%	87.53M 27.06%	83.96M 4.08%
total liabilities and stockholders equity	34.55M -	26.23M 24.07%	52.86M 101.49%	51.70M 2.18%	542.59M 949.41%	343.10M 36.77%	378.73M 10.38%
total non current assets	26.06M -	22.94M 11.99%	46.31M 101.87%	42.54M 8.14%	255.46M 500.57%	274.01M 7.26%	248.74M 9.22%
total non current liabilities	909K -	925K 1.76%	20.76M 2,144.22%	7.78M 62.52%	18.83M 141.99%	20.29M 7.75%	14.81M 27.00%
total stockholders equity	27.90M -	15.44M 44.66%	28.09M 81.88%	15.45M 45.00%	422.58M 2,635.69%	255.57M 39.52%	294.76M 15.34%

COM:BITFARMS

Bitfarms

Last Close

2.87

22/11 21:00

Market Cap

1.43B

Beta: -

Volume Today

6.17M

Avg: -

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