Business description: Bitfarms Ltd.

Bitfarms Ltd. is a Canada-based global vertically integrated bitcoin mining company. The Company develops, owns, and operates vertically integrated mining farms with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers operational performance and uptime. The Company operates through the cryptocurrency mining segment. The Company operates server farms comprised of computers (Miners) designed for the purpose of validating transactions on the Bitcoin (BTC) Blockchain (Mining). The Company also operates Miners about 24 hours a day producing computational power (measured by hashrate) which it sells to Mining Pools under a formula-driven rate commonly known as Full Pay Per Share (FPPS). The Company has 11 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.

Number of employees: 170

Sales by Activity: Bitfarms Ltd.

Fiscal Period: December20202021202220232024

Cryptocurrency Mining

- 169M 142M 146M 193M

Backbone

32.07M - - - -

Volta

2.64M - - - -
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Geographical breakdown of sales: Bitfarms Ltd.

Fiscal Period: December20202021202220232024

Canada

34.7M 153M 112M 104M 117M

Argentina

- - 1.46M 19.05M 33.65M

Paraguay

- - 3.77M 6.92M 25.96M

USA

- 16.23M 25.1M 15.97M 16.43M
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Executive Committee: Bitfarms Ltd.

Manager TitleAgeSince
Chief Executive Officer - 07/07/2024
Director of Finance/CFO 65 02/06/2021
Chief Operating Officer - 25/08/2024
Chief Tech/Sci/R&D Officer - -
Investor Relations Contact 57 07/01/2024
See BITFARMS LTD. governance

Composition of the Board of Directors: Bitfarms Ltd.

Director TitleAgeSince
Chairman - 12/08/2024
Director/Board Member - 12/08/2024
Director/Board Member 59 15/11/2022
Director/Board Member - 26/06/2024
Director/Board Member 51 22/09/2024
Director/Board Member - 19/11/2024
Composition of the Board of Directors

Shareholders: Bitfarms Ltd.

NameEquities%Valuation
12.29 %
68,308,376 12.29 % 57 M $
MMCAP International Inc. SPC
2.132 %
11,852,745 2.132 % 10 M $
Van Eck Associates Corp.
2.021 %
11,235,913 2.021 % 9 M $
Invesco Capital Management LLC
1.973 %
10,968,782 1.973 % 9 M $
Invesco Advisers, Inc.
1.696 %
9,428,163 1.696 % 8 M $
List of BITFARMS LTD. shareholders

Company details: Bitfarms Ltd.

Bitfarms Ltd. (Canada)

110 Yonge Street Suite 1601

M5C 1T4, Toronto

+647-259-1790

http://bitfarms.com
address Bitfarms Ltd.(BITF)

Cryptocurrency Mining

Change 5d. change 1-year change 3-years change Capi.($)
+4.26%+6.52%-56.51%-17.42% 597M
+2.93%+7.59%+0.58%+123.27% 6.69B
+2.86%+3.45%+37.45%+130.59% 4.5B
+3.45%+5.31%-15.02%+181.66% 3.62B
+0.63%+1.91%-2.44% - 2.6B
+1.54%-4.36%+20.71%+29.75% 2.59B
+3.76%+0.78%+44.82% - 2.54B
-0.32%+3.14%+40.86%+248.60% 2.32B
-1.89%-10.72%+59.22%+780.19% 2.27B
+4.06%-2.47%+5.12%+210.91% 1.97B
Average +2.04%+4.52%+13.48%+210.94% 2.97B
Weighted average by Cap. +2.09%+5.03%+16.31%+199.46%
See all sector performances