Core Viewpoint - Bitfarms Ltd. has entered into a second miner hosting agreement with Stronghold Digital Mining, which will enhance its operational capacity and efficiency in Bitcoin mining [2][4]. Group 1: Hosting Agreement Details - The Hosting Agreement allows Bitfarms to deploy an additional 10,000 miners at Stronghold's Scrubgrass site in Pennsylvania, with energization expected to start in December 2024 [3][4]. - The total deployment will consist of 20,000 miners across two sites, achieving an efficiency of approximately 20.5 watts per terahash (w/TH) [4]. - Bitfarms will pay Stronghold a monthly fee equal to 50% of the profit generated by the miners, and has deposited $7.8 million for estimated power costs for three months, refundable at the end of the initial term [4]. Group 2: Company Overview - Bitfarms is a vertically integrated Bitcoin data center company founded in 2017, operating 12 data centers and two under development across Canada, the U.S., Paraguay, and Argentina [5][6]. - The company focuses on sustainable energy sources, primarily hydroelectric power, to support its mining operations [6]. Group 3: Strategic Goals - The agreement is part of Bitfarms' strategy to optimize its assets and increase its U.S. footprint while diversifying beyond Bitcoin mining [4]. - The initial term of the Hosting Agreement will expire on December 31, 2025, with automatic renewals unless either party opts out [4].

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global leader in vertically integrated Bitcoin data center operations, today announced that it has appointed Rachel Silverstein as U.S. General Counsel, a newly created role, effective November 1, 2024. ...

TORONTO, Ontario and BROSSARD, Québec, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, will report its third quarter 2024 financial results on Tuesday, November 12th, before the market opens. Management will host a conference call on the same day at 8:00 am EST. All Q3 2024 materials will be available before the call and can be accessed on the 'Financial Results' section of the Bitfarms investor site. The live webcast and a webc ...

Investors might want to bet on Bitfarms Ltd. (BITF) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. The po ...

-This is a required amendment based on the proposed Stronghold Digital Mining acquisition- -US$127 million remains on the ATM- This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) ("Bitfarms", or the "Company") a global Bitcoin vertical ...

Bitfarms Ltd. (BITF) closed the most recent trading day at $2, moving -1.48% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.19%. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.36%. Coming into today, shares of the company had lost 10.18% in the past month. In that same time, the Business Services sector gained 6.7%, while the S&P 500 gained 2.06%. The upcoming earnings release of Bitfarms Ltd. will be of great int ...

- Agreement to support 2.2 EH/s with energization expected in October, two months ahead of schedule - - Company reiterates 2024 & 2025 guidance of 21 EH/s & 35+ EH/s, respectively - TORONTO, Ontario and BROSSARD, Québec, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF) ("Bitfarms" or the "Company"), a global leader in vertically integrated Bitcoin data center operations, has entered into a miner hosting agreement (the "Hosting Agreement") with Stronghold Digital Mining Hosting, LLC, a sub ...

The latest trading session saw Bitfarms Ltd. (BITF) ending at $1.99, denoting a -1% adjustment from its last day's close. This change lagged the S&P 500's 1.07% gain on the day. Meanwhile, the Dow experienced a rise of 0.31%, and the technology-dominated Nasdaq saw an increase of 2.17%. Shares of the company have depreciated by 11.84% over the course of the past month, underperforming the Business Services sector's gain of 5.24% and the S&P 500's gain of 2.92%. Market participants will be closely following ...

- Provides Update on Engagement with Riot - - Special Meeting to be Held In-Person - This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF) ("Bitfarms" or the "Company"), a global leader in vertically integrated Bitcoin data center operations, today announced ...

- Reiterates Commitment to Value Creation - This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global leader in vertically integrated Bitcoin data center operations, today issued the following statement in response to the amended requisition proposal an ...