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].

Company Performance - Bitfarms Ltd. (BITF) closed at $1.11, reflecting a +1.83% change from the previous day's close, underperforming the S&P 500 which gained 2.13% [1] - The stock has decreased by 22.14% over the past month, compared to a 12.27% loss in the Business Services sector and a 9.57% loss in the S&P 500 [1] Earnings Forecast - Bitfarms Ltd. is expected to report an EPS of -$0.04, representing a 33.33% improvement from the same quarter last year [2] - Revenue is projected to be $53.82 million, indicating a 16.4% increase year-over-year [2] Analyst Estimates - Recent changes to analyst estimates for Bitfarms Ltd. are important as they reflect near-term business trends, with positive revisions indicating optimism about the company's outlook [3] - The Zacks Consensus EPS estimate has decreased by 116.67% over the last 30 days, and Bitfarms Ltd. currently holds a Zacks Rank of 3 (Hold) [5] Industry Context - The Technology Services industry, part of the Business Services sector, has a Zacks Industry Rank of 67, placing it in the top 27% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]

Company Overview - Bitfarms Ltd. is a global vertically integrated Bitcoin data center company founded in 2017, which sells its computational power to mining pools in exchange for Bitcoin [4] - The company operates 13 Bitcoin data centers and has hosting agreements with two additional data centers across four countries: Canada, the United States, Paraguay, and Argentina [5] - Bitfarms focuses on sustainable energy, primarily utilizing hydro-electric power and long-term power contracts [5] Upcoming Events - Bitfarms will participate in the Cantor Fitzgerald Global Technology Conference on March 12, 2025, in New York, NY, with CEO Ben Gagnon presenting on a panel titled "Hybrid Model for Bitcoin Mining & AI" [2] - The company will also attend the 37th Annual ROTH Conference on March 17-18, 2025, in Dana Point, CA, with COO Liam Wilson and CFO Jeff Lucas among the participants [2] - Additionally, Bitfarms will be present at the NVIDIA GTC 2025 from March 17-21, 2025, in San Jose, CA, with several executives including COO Liam Wilson and EVP Philippe Fortier attending [3]