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]

TORONTO, Ontario, March 19, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin and vertically integrated data center company, will report its fourth quarter and full year 2024 financial results on Thursday, March 27 before the market opens. Management will host a conference call on the same day at 8:00 am EST. All Q4 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 webcast re ...

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].

-1.1 GW PA Growth Pipeline Strategically Located for HPC/AI and BTC Mining-- Positions Bitfarms as the leading Bitcoin miner in PJM market- This news release constitutes a "designated news release" for the purposes of the Company's second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, March 17, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF), a global Bitcoin and vertically integrated data center company, ...

The latest trading session saw Bitfarms Ltd. (BITF) ending at $1.11, denoting a +1.83% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 2.13% for the day. On the other hand, the Dow registered a gain of 1.65%, and the technology-centric Nasdaq increased by 2.61%.The the stock of company has fallen by 22.14% in the past month, lagging the Business Services sector's loss of 12.27% and the S&P 500's loss of 9.57%.The investment community will be paying close ...

TORONTO, Ontario, March 04, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin and vertically integrated data center company, today announced its participation in three upcoming investor and industry conferences. Investor Event Details: Event: Cantor Fitzgerald Global Technology ConferenceDate: March 12, 2025Location: New York, NYBitfarms Participants: Ben Gagnon (CEO), Jeff Lucas (CFO), Tracy Krumme (SVP, IR & Comms)Panel Time: 3:40pm-4:05pm ETPanel Title: “Hybrid Model for Bitcoin ...