Q4 & FY 2024 Earnings Presentation March 27, 2025 Safe Harbor Statement 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 Company did not independently verify the information or the underlying assumptions. No representation or warranty is made ...

- 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- "While we remain confident in the significant upside potential of our BTC mining operations and continue to maximize the value of our assets, our revenue diversificat ...

Core Insights - Bitfarms Ltd. has appointed James Bond as Senior Vice President of High-Performance Computing (HPC) to lead its HPC/AI strategy [1][5] - Mr. Bond has over 20 years of experience in HPC/AI and previously led a $2 billion HPC/AI infrastructure platform at Hewlett Packard Enterprise (HPE) [2][5] - The company aims to leverage its 1.1GW secured power pipeline in Pennsylvania to develop a scalable HPC/AI business [5] Company Overview - Bitfarms is a global Bitcoin and vertically integrated data center company founded in 2017, operating 15 Bitcoin data centers across the U.S., Canada, Paraguay, and Argentina [6][7] - The company focuses on sustainable energy sources, primarily hydro-electric power, to operate its mining facilities [7] Leadership Background - James Bond has a strong background in public sector solution architecture and IT infrastructure, having previously worked at HPE and Apptix [2][3] - He has been involved in product development, engineering, and marketing, and is recognized as a thought leader in the HPC/AI space [4] Strategic Goals - The appointment of Mr. Bond is seen as critical for Bitfarms to enhance its HPC/AI capabilities and drive growth [5] - The company plans to utilize its existing data centers and power capacity to create a high-performance computing infrastructure for AI solutions [5]

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Bitfarms due to allegations of materially misleading business information being issued to the investing public [1] Group 1: Legal Action and Compensation - Shareholders who purchased Bitfarms securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees or costs [2] - The Rosen Law Firm is preparing a class action to seek recovery of investor losses [2] Group 2: Financial Restatement - On December 9, 2024, Bitfarms announced a restatement of its previously issued financial statements for the fiscal years ended December 31, 2023, and 2022 due to a material error in the classification of proceeds from the sale of digital assets [3] - The company also stated that it would restate its financials to correct an error in the accounting for the redemption of warrants in 2023 [3] - Following this announcement, Bitfarms' stock experienced a 6% decline on December 10, 2024 [3] Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time and has been ranked highly for its success in securities class action settlements [4] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering investor losses [4]

NEW YORK, March 25, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Bitfarms Ltd. ("Bitfarms" or the "Company") (NASDAQ: BITF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Bitfarms and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On December 9, 2024, Bitf ...

NEW YORK, March 20, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Bitfarms Ltd. (NASDAQ: BITF) resulting from allegations that Bitfarms may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Bitfarms securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangemen ...

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Bitfarms due to allegations of materially misleading business information issued by the company [1] Group 1: Investigation and Legal Action - Shareholders who purchased Bitfarms securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees [2] - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to Bitfarms [2] Group 2: Financial Restatement - On December 9, 2024, Bitfarms announced a restatement of its consolidated financial statements for the fiscal years ended December 31, 2023, and 2022 due to a material error in the classification of proceeds from the sale of digital assets [3] - The company also stated it would restate its financials to correct an error in the accounting for the redemption of warrants in 2023 [3] - Following this announcement, Bitfarms' stock price fell by 6% on December 10, 2024 [3] Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4] - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [4] - In 2019, the firm secured over $438 million for investors [4]

Core Insights - Bitfarms Ltd. will report its fourth quarter and full year 2024 financial results on March 27, 2025, before the market opens [1] - A conference call will be hosted by management on the same day at 8:00 am EST, with all Q4 2024 materials available prior to the call [1][2] Company Overview - Bitfarms, founded in 2017, is a global Bitcoin and vertically integrated data center company that sells computational power to mining pools in exchange for Bitcoin [3] - The company develops, owns, and operates vertically integrated mining facilities with in-house management and electrical engineering services [3] Operational Footprint - Bitfarms currently operates 15 Bitcoin data centers across four countries: the United States, Canada, Paraguay, and Argentina [4] - The company emphasizes the use of environmentally friendly hydro-electric power and long-term power contracts, focusing on sustainable energy infrastructure [4]

Core Insights - Bitfarms Ltd. has successfully completed the sale of its 200 MW data center in Yguazu, Paraguay to HIVE Digital Technologies for approximately U.S. $85 million, marking a strategic shift towards North American operations [2][3]. Group 1: Transaction Details - The transaction is valued at approximately U.S. $85 million, which is expected to be accretive for Bitfarms [1][3]. - The sale allows Bitfarms to streamline operations and rebalance its portfolio, with an anticipated year-end 2025 energy portfolio of approximately 80% North American and 20% international [3]. Group 2: Financial Implications - The sale is expected to significantly reduce Bitfarms' capital expenditure (capex) requirements for 2025 and lower average power costs by 10% [3]. - The company plans to reinvest the savings and capital from this sale into its 1.1 GW U.S. growth pipeline for Bitcoin mining and high-performance computing (HPC)/artificial intelligence (AI) infrastructure [3]. Group 3: Company Overview - Bitfarms is a global Bitcoin and vertically integrated data center company, founded in 2017, that operates 15 Bitcoin data centers across the United States, Canada, Paraguay, and Argentina [4][5]. - The company focuses on sustainable energy sources, primarily hydroelectric power, to support its mining operations [5].

Core Viewpoint - Bitfarms Ltd. has successfully completed the acquisition of Stronghold Digital Mining, enhancing its position as a leading Bitcoin miner in the PJM market and expanding its U.S. portfolio [2][3]. Group 1: Acquisition Details - The acquisition was executed as a stock-for-stock merger, with Stronghold shareholders receiving 2.52 shares of Bitfarms for each Stronghold share [4]. - Approximately 59,678,164 Bitfarms common shares and 10,574,848 Bitfarms warrants were issued in connection with the merger, along with a payment of approximately $44.5 million to retire Stronghold's outstanding loans [4][5]. Group 2: Strategic Growth and Positioning - The acquisition allows Bitfarms to rebalance its energy portfolio to 80% North American and 20% international by year-end 2025 [2]. - The combined PJM pipeline spans over 1 GW across three sites in Pennsylvania, strategically positioned for both HPC/AI and Bitcoin mining [3][6]. - Bitfarms' energy portfolio now includes 623 Megawatts Under Management (MWuM), with an additional 165 MW of active generating capacity and 142 MW of immediately available import capacity [6]. Group 3: Future Opportunities - The company aims to develop two power campuses totaling nearly 1 GW for HPC/AI applications, with strategic partners prioritizing Stronghold sites for potential conversion [6]. - Bitfarms adds nearly 1 Exahash Under Management (EHuM) through existing hosting agreements, bringing its total to 18 EHuM [6].