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
revenue		33.80M -	32.42M 4.09%	34.79M 7.31%	169.20M 386.34%	-8.38M 104.95%	146.37M 1,846.19%
cost of revenue		22.93M -	26.98M 17.69%	36.69M 35.98%	58.37M 59.08%	131.91M 125.99%	167.87M 27.26%
gross profit		10.88M -	5.44M 50.01%	-1.90M 135.00%	110.83M 5,924.01%	-140.29M 226.58%	-21.50M 84.67%
selling and marketing expenses		272K -	110K 59.56%	38K 65.45%	174K 357.89%	333K 91.38%	491K 47.45%
general and administrative expenses		8.54M -	4.18M 51.05%	3.35M 19.94%	43.24M 1,191.46%	51.51M 19.12%	38.80M 24.67%
selling general and administrative expenses		8.81M -	4.29M 51.31%	3.39M 21.11%	43.24M 1,176.96%	51.51M 19.12%	39.29M 23.71%
research and development expenses
other expenses					4.86M -	-2.17M 144.56%
cost and expenses		31.74M -	31.28M 1.47%	40.08M 28.15%	106.47M 165.64%	181.25M 70.24%	210.37M 16.07%
operating expenses		8.81M -	4.29M 51.31%	3.39M 21.11%	48.10M 1,320.53%	49.34M 2.58%	42.50M 13.86%
interest expense		179K -	3.27M 1,725.70%	6.10M 86.78%	3.42M 43.97%	14.22M 315.82%	11.92M 16.17%
ebitda		14.61M -	9.41M 35.61%	2.18M 76.83%	61.82M 2,735.96%	-95.24M 254.05%	19.31M 120.27%
operating income		-18.00M -	2.56M 114.25%	-9.31M 462.95%	37.35M 501.33%	-284.02M 860.47%	-72.13M 74.60%
depreciation and amortization		12.55M -	6.84M 45.47%	11.49M 67.85%	24.48M 113.09%	188.78M 671.29%	84.78M 55.09%
total other income expenses net		-20.06M -	-3.05M 84.81%	-6.81M 123.46%	5.29M 177.65%	27.56M 421.08%	-27.04M 198.11%
income before tax		-18.18M -	-484K 97.34%	-16.12M 3,229.96%	42.64M 364.55%	-256.46M 701.50%	-104.44M 59.28%
income tax expense		59K -	-2.59M 4,491.53%	172K 106.64%	20.51M 11,822.67%	-17.41M 184.91%	-401K 97.70%
net income		-9.36M -	2.11M 122.50%	-16.29M 873.09%	22.13M 235.86%	-239.05M 1,180.21%	-104.04M 56.48%
weighted average shs out	56.92M -	56.92M 0%	71.06M 24.85%	84.92M 19.50%	157.65M 85.66%	207.78M 31.79%	262.24M 26.21%
weighted average shs out dil	56.92M -	56.92M 0%	71.06M 24.85%	84.92M 19.50%	169.39M 99.48%	207.78M 22.66%	262.24M 26.21%
eps	0 -	-0.16 Infinity%	0.03 118.56%	-0.19 739.73%	0.14 173.68%	-1.15 921.43%	-0.40 65.22%
epsdiluted	0 -	-0.16 Infinity%	0.03 118.56%	-0.19 739.73%	0.14 173.68%	-1.15 921.43%	-0.40 65.22%

COM:BITFARMS

Bitfarms

Last Close

3.03

21/11 21:00

Market Cap

1.43B

Beta: -

Volume Today

7.76M

Avg: -

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