Group 1 - Cryptocurrency and stablecoin stocks have declined, with Bitfarms dropping over 6%, Robinhood falling more than 5%, and Circle and Canaan Technology decreasing over 4% [1] - Riot Platforms, Bullish, and Trump Media Technology Group have all seen declines of more than 3.5% [1] - The market is currently focused on the Jackson Hole Federal Reserve annual meeting, leading investors to withdraw from technology stocks and high-risk assets [1]

About Bitfarms Ltd. TORONTO, Ontario and NEW YORK, N.Y., Aug. 18, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (the "Company"), a global energy and compute infrastructure company, today announced that the Board of Directors (the "Board") has unanimously approved the appointment of Wayne Duso to the Company's Board, effective immediately. With the appointment of Mr. Duso, Bitfarms' Board is now comprised of seven directors, six of whom are independent. Mr. Duso is a distinguished senior engineer ...

Bitcoin miner Bitfarms looks to redomicile in US as its revenue jumps 87% year-over-year https://t.co/u26jEV4vK4 ...

This quarterly report represents an earnings surprise of -100.00%. A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced a loss of $0.04, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Bitfarms Ltd. (BITF) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to a loss of $0.07 per share a year ago. These figures are ad ...

Financial Data and Key Metrics Changes - In Q2 2025, the company mined 7.18 Bitcoin with a direct cost of $48,200 per Bitcoin, achieving revenues of $98,000 per Bitcoin [6][37] - Total revenue for the quarter was $78 million, representing an 87% year-over-year increase, with mining activities contributing $71 million [37] - The gross mining profit was $32 million, resulting in a direct mining margin of 45% [37] - The company reported a net loss of $29 million for the quarter, which included $15 million in impairment charges related to operations in Argentina [38] Business Line Data and Key Metrics Changes - The company completed its Bitcoin mining growth plans by installing over 12,000 miners across all facilities [6] - Free cash flow from mining operations is approximately $8 million per month, with Bitcoin holdings increasing to approximately 1,200, up 25% from the end of 2024 [11][26] - The average electricity price improved by 2%, and direct hash costs improved by 5% [8] Market Data and Key Metrics Changes - The company is positioned as a major player in the North American market, particularly in Quebec and Pennsylvania, with significant investments from major tech firms in nearby data centers [12][18] - The Pennsylvania portfolio is expected to benefit from a surge in data center investments, with commitments exceeding $90 billion from companies like Google and Meta [18] Company Strategy and Development Direction - The company is transitioning from Bitcoin mining to focus on high-performance computing (HPC) and AI, leveraging its energy portfolio [6][12] - Plans to convert Canadian Bitcoin mining megawatts to HPC data center megawatts are in progress, pending regulatory approval [15][61] - The company aims to become a US-domiciled entity by 2026, which is expected to enhance its access to US capital markets and improve operational efficiencies [24][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate strong cash flows from Bitcoin mining while transitioning to HPC and AI [26] - The company anticipates that the market is undervaluing both its Bitcoin business and HPC potential, leading to the initiation of a stock buyback program [26][27] - Management highlighted the importance of the upcoming 2026 power availability for attracting customers to the Panther Creek site [50] Other Important Information - The company has secured a financing agreement with Macquarie for up to $300 million to fund the Panther Creek HPC data center project [28][29] - The company plans to execute a stock buyback program for up to $49.9 million, funded by excess cash flow from mining operations [32][27] Q&A Session Summary Question: What is the game plan for getting construction procurement lined up for Panther Creek? - The company is engaging T5 to manage the development process, including securing permits and overseeing contractors [45] Question: What is the total CapEx for the Panther Creek project? - The total build-out cost is estimated to be around $400 million, with $10.5 million planned for the remainder of 2025 [47] Question: How does the demand for larger data center campuses affect Panther Creek's strategy? - The company is seeing increased demand for larger campuses, but immediate power availability in 2026 is a priority for potential customers [50] Question: What is the expected timeline for the Macquarie credit facility approval process? - The approval process is expected to take a couple of months, with the company having sufficient liquidity to fund current expenditures [67] Question: How is the company planning to manage share buybacks going forward? - The company anticipates continuing share buybacks based on cash flow generation from Bitcoin mining activities [70] Question: What is the expected revenue per megawatt for the Panther Creek site? - The company is not ready to commit to specific revenue figures as it depends on customer conversations and agreements [81]

The North American Energy and Compute Infrastructure Company Q2 2025 Earnings Presentation August 12, 2025 Concept Data Center Campus at Panther Creek Safe Harbor Statement GENERAL DISCLAIMERS Certain information in this presentation, including market and industry data, was obtained by Bitfarms Ltd. ("Bitfarms" or the "Company") from publicly available and other third-party sources, as well as Bitfarms' good faith estimates. While the Company believes the information was prepared by reputable sources, the C ...

Exhibit 99.1 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025 AND 2024 (Expressed in thousands of U.S. dollars - unaudited) BITFARMS LTD. TABLE OF CONTENTS | | Financial Statements (unaudited) | | | --- | --- | --- | | | Interim Consolidated Statements of Financial Position | 3 | | | Interim Consolidated Statements of Profit or Loss and Comprehensive Profit or Loss | 4 | | | Interim Consolidated Statements of Changes in Equity | 5 | | | Interim Consolidate ...

Executing HPC/AI Growth Strategy with Industry-Leading Strategic Partners & Robust Balance Sheet - Revenue of $78 million, up 87% Y/Y - - Gross mining margin of 45%, down from 51% in Q2 2024 - - Master Site Plan for Panther Creek, PA data center campus submitted to Macquarie - - Partnered with data center builder and operator T5 Data Centers to advance HPC/AI development at its Panther Creek campus in Pennsylvania - This news release constitutes a "designated news release" for the purposes of the Company's ...

Company Announcement - Bitfarms Ltd (BITF) 现在在 MEXC 上提供股票期货交易 [1] - 可以随时随地交易 BITFUSDT，无需中间人 [1] Trading Benefits on MEXC - MEXC 提供零费用交易 [1] - MEXC 提供深度流动性 [1] - MEXC 提供高达 5 倍的杠杆 [1]

Group 1 - Cryptocurrency concept stocks showed strength in pre-market trading on August 7, with Coinbase rising by 2.9% [1] - Bitfarms experienced an increase of 3.1% [1] - Strategy saw a rise of 1.6% [1]