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Bitfarms Engages Strategic Partners to Develop HPC/AI Business
Newsfilter· 2025-01-31 12:00
-Engages expert consultants ASG & World Wide Technology- TORONTO, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF), a global Bitcoin and vertically integrated data center company, today announced it has engaged two expert consultants in HPC strategy and artificial intelligence ("AI"), Appleby Strategy Group ("ASG") and World Wide Technology ("WWT"), to conduct a comprehensive feasibility analysis on all its North American sites and advise on its global HPC/AI strategy. In parallel, ASG and ...
Bitfarms Enters into a Binding LOI with HIVE Digital Technologies for the Sale of its Yguazu, Paraguay Site
Newsfilter· 2025-01-28 06:00
-Bitfarms to reinvest capital in US growth opportunities- -Accretive transaction values the completed site at ~$85 million and significantly reduces anticipated 2025 capital requirements- -Rebalances YE 2025 proforma energy portfolio to ~80% North American & 20% international- -Reduces expected average power costs by ~10%- This news release constitutes a "designated news release" for the purposes of Bitfarms' second amended and restated prospectus supplement dated December 17, 2024, to its short form base s ...
Bitfarms (BITF) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2025-01-23 18:01
Bitfarms Ltd. (BITF) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Indi ...
Bitfarms to Present at Needham Growth Conference in NYC
Globenewswire· 2025-01-08 12:00
TORONTO, Ontario and BROSSARD, Québec, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms”), a global vertically integrated Bitcoin data center company, will be attending Needham’s 27th Annual Growth Conference, taking place from January 14-15th in New York City. Bitfarms CEO Ben Gagnon, CFO Jeff Lucas, and SVP IR & Corp. Comms. Tracy Krumme will be conducting investor meetings with a presentation at the following time: Bitfarms Company PresentationDate: Wednesday, January 15thTim ...
Bitfarms Files Second Amended and Restated Prospectus Supplement for its Existing At-the-Market Equity Offering Program
Newsfilter· 2024-12-18 00:30
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, Ontario and BROSSARD, Québec, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX:BITF) ("Bitfarms", or the "Company") a global Bitcoin vertically integrated company, announces that it has filed a second amended and restated prospectus supplement dated December 1 ...
Bitfarms Provides November 2024 Production and Operations Update
GlobeNewswire News Room· 2024-12-02 12:00
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, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global leader in vertically integrated Bitcoin data center operations, today announced its latest monthly production report. All financial references are in U.S. dollars. Bitfarms ...
Bitfarms Announces Results of Special Meeting of Shareholders
GlobeNewswire News Room· 2024-11-20 23:00
- Bitfarms Board of Directors Increased to Six Members, Five of whom are Independent –-Andrew J. Chang Appointed as Independent Director--Shareholder Rights Plan Approved- 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 , Nov. 20, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF) (“Bitfarms ...
Bitfarms: Takeover Abated, Still A Work In Progress
Seeking Alpha· 2024-11-14 13:30
Company Overview - Bitfarms is a Bitcoin mining company with a strong cash flow history compared to many peers in the industry [1] - The company has demonstrated consistent growth in operating cash flows, indicating a robust financial position [1] Investment Philosophy - The analyst focuses on long-term ownership rather than short-term price movements, emphasizing fundamental analysis and valuation [1] - The approach has shifted to a simplified "Buy or Don't Buy" framework, with no Strong Buy ratings issued as of March 2024 [1] Analyst Background - The analyst began investing in 2020 as an individual value investor, focusing on understanding business fundamentals and buying at attractive prices [1] - From May 2022 to May 2023, the analyst worked as an investment advisory representative at Fidelity Investments before becoming self-employed [1]
Bitfarms .(BITF) - 2024 Q3 - Earnings Call Transcript
2024-11-13 19:16
Bitfarms Ltd. (NASDAQ:BITF) Q3 2024 Earnings Conference Call November 13, 2024 8:00 AM ET Company Participants Tracy Krumme - Senior Vice President-Investor Relations & Corporate Communications Ben Gagnon - Chief Executive Officer & Director Jeff Lucas - Chief Financial Officer Conference Call Participants Mike Colonnese - H.C. Wainwright & Company Mike Grondahl - Northland Joe Flynn - Compass Point Research & Trading Brian Dobson - Clear Street Fedor Shabalin - B. Riley Martin Toner - ATB Capital Markets O ...
Bitfarms .(BITF) - 2024 Q3 - Earnings Call Presentation
2024-11-13 16:20
l of /0 0 0 0 Q3 2024 EARNINGS CALL November 13, 2024 Great Place To Work. Great Place To Work. Great Place TO Work, Certifié GEP 2003 - SEP 2004 CANADA Certified Certified 887 2023-987 2024 887-2023-502" 2024 USA ARG S A F E H A R B O R S TAT E M E N T 2 Forward-Looking Statements This news release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") that are based on expectations, estimates and projections as at the date of this news ...