Company "Bitfarms Limited"

Bitfarms Limited is a company founded in 2017. The main activity is the mining of bitcoins, which is carried out through vertically integrated operations. In addition to mining itself, Bitfarms Limited provides services for technical repair of equipment and electrical installation. All this allows you to maintain stable performance and extend trouble-free operation.

Bitfarms Limited became the first company whose shares were included in quotations on the TSX exchange in 2019. Additionally, Bitfarms has unique advantages over its competitors. This company is the only one in the public space that has successfully passed a full audit.

Today, the company has 5 extensive industrial facilities located in Quebec. Each is 99% equipped to produce environmentally friendly energy through hydraulic systems.

Bitfarms continues to take a sustainable growth approach by carefully timing its fleet upgrades.

       This strategy allows you to take advantage of the opportunities offered by the crisis, especially in connection with the expected halving of Bitcoin in April 2024. In addition, the company has long-term contracts for the supply of electricity at low prices with a total capacity of 574 MW, which opens up ample opportunities for further growth.

      Thus, Bitfarms continues to implement its expansion plans while overcoming the challenges associated with increasing network complexity. With strong operational capabilities and strong financial performance, the company is well-positioned to benefit from the changing Bitcoin mining landscape.