Core Insights - Bitfarms Ltd. is experiencing significant operational growth, with an operational hashrate of 15.2 EH/s, representing a 19% month-over-month increase and a 134% year-over-year increase [5][13] - The company is on track to close the acquisition of Stronghold Digital Mining and the sale of its 200 MW Yguazu data center to HIVE Digital Technologies by Q1 2025, which will enhance its energy portfolio and operational efficiency [3][4] - Bitfarms is actively developing its High Performance Computing (HPC) and Artificial Intelligence (AI) business, engaging expert consultants to evaluate its data centers for potential conversion to HPC/AI sites [4][6] Operational Performance - The operational hashrate increased to 15.2 EH/s in January 2025, with an average operational hashrate of 11.2 EH/s, up 90% year-over-year [6][13] - The company achieved a total of 201 BTC earned in January 2025, a decrease of 5% month-over-month and 44% year-over-year [8][10] - The average BTC earned per EH/s was 18, which is a 5% decrease month-over-month and a 70% decrease year-over-year [9][13] Financial Highlights - Bitfarms sold 42 BTC from its earnings for total proceeds of $4.1 million, while its treasury increased to 1,152 BTC, valued at approximately $121 million based on a BTC price of $105,000 [14][13] - The company reported an operational capacity of 386 MW in January 2025, up from 324 MW in December 2024 [9][13] - The energy efficiency target remains at 19 w/TH, despite a derating of guidance by 14% to 18 EH/s in H1 2025 due to underperformance of some miners [5][13] Strategic Initiatives - Bitfarms is engaging in Economic Demand Response and other grid support programs in the PJM market to maximize the value of its assets [7][13] - The company is implementing the LōD miner management software across its data centers to enhance operational efficiency and facilitate energy trading [13][7] - The construction timeline for accommodating potential HPC integration at the Sharon site has been pushed back to 2026, reducing the 2025 year-end energized capacity by 80 MW [5][13]

-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 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 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 ...

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 ...

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 ...

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 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 ...

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 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 ...