Bitfarms Ltd.

BITF
$1.02 (0.99%) 08:00 PM 03/07/25

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Company Overview

Bitfarms Ltd. (NASDAQ: BITF, TSX: BITF) is a leading global Bitcoin mining company known for its efficient and sustainable operations. With a diversified portfolio of 12 high-performance mining facilities across Canada, the United States, Argentina, and Paraguay, Bitfarms leverages low-cost, hydroelectric power to achieve industry-leading efficiency and profitability. As of July 2024, Bitfarms operates a total hashrate of 11.1 EH/s, with plans to more than double this to 21 EH/s by the end of 2024, and further expand to 35 EH/s by the end of 2025. Bitfarms is committed to operational excellence, employing cutting-edge technology and strategic geographical diversification to optimize performance and reduce costs. The company''s aggressive growth plan includes significant fleet upgrades, expansion into new markets, and a strong focus on improving energy efficiency. Bitfarms reported a robust financial performance in Q1 2024, with $50 million in revenue, a 59% gross mining margin, and $21 million in adjusted EBITDA. With a strong balance sheet, including $124 million in total liquidity and no debt, Bitfarms is well-positioned to continue its rapid expansion and maintain its leadership in the Bitcoin mining industry, while also exploring new opportunities in high-performance computing (HPC) and AI.

Bitfarms Ltd. website url Visit Website Bitfarms Ltd. linkedin url Bitfarms Ltd. twitter url
Stock Exchange NASDAQ
IPO Date 2021-06-21
Number of Employees 170
Headquarters Toronto, Ontario, Canada

Key Executives

Mr. Benjamin J. Gagnon

Chief Executive Officer & Director
Mr. Benjamin J. Gagnon linkedin Mr. Benjamin J. Gagnon twitter

Mr. Liam Daniel Wilson

Chief Operating Officer
Mr. Liam Daniel Wilson linkedin Mr. Liam Daniel Wilson twitter

Ms. Andrea Keen Souza

Senior Vice President of Human Resources
Ms. Andrea Keen Souza linkedin Ms. Andrea Keen Souza twitter

Ms. Tracy H. Krumme

Senior Vice President and Head of Investor Relations & Corporation Comms.
Ms. Tracy H. Krumme linkedin Ms. Tracy H. Krumme twitter

Ms. Rachel Silverstein

U.S. General Counsel
Ms. Rachel Silverstein linkedin Ms. Rachel Silverstein twitter

Ms. Tracy H. Krumme

Senior Vice President of Investor Relations & Corporate Communications
Ms. Tracy H. Krumme linkedin Ms. Tracy H. Krumme twitter

Mr. Philippe Fortier CPA

Executive Vice President of Corporate Development
Mr. Philippe Fortier CPA linkedin Mr. Philippe Fortier CPA twitter

Mr. Alexander B. Brammer

Senior Vice President of Global Mining Operations
Mr. Alexander B. Brammer linkedin Mr. Alexander B. Brammer twitter

Ms. Rachel R. Silverstein

General Counsel of North America
Ms. Rachel R. Silverstein linkedin Ms. Rachel R. Silverstein twitter

Mr. Craig Hibbard

Senior Vice President of Infrastructure
Mr. Craig Hibbard linkedin Mr. Craig Hibbard twitter

Mr. Marc-Andre Ammann C.A., CPA

Senior Vice President of Finance & Accounting
Mr. Marc-Andre Ammann C.A., CPA linkedin Mr. Marc-Andre Ammann C.A., CPA twitter

Mr. Benjamin Gagnon

Chief Executive Officer
Mr. Benjamin Gagnon linkedin Mr. Benjamin Gagnon twitter

Mr. Philippe Fortier

Senior Vice President of Corporate Development
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Ms. Stephanie Wargo

Vice President of Marketing & Communications
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Ms. Patricia Osorio

Vice President & Corporate Secretary
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Mr. Nicolas Bonta

Founder & Chairman
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Mr. Benoit Gobeil

Chief Infrastructure Officer
Mr. Benoit Gobeil linkedin Mr. Benoit Gobeil twitter

Mr. L. Geoffrey Morphy

President, Chief Executive Officer & Director
Mr. L. Geoffrey Morphy linkedin Mr. L. Geoffrey Morphy twitter

Guillaume Reeves

Vice President of Information Technology
Guillaume Reeves linkedin Guillaume Reeves twitter

Mr. Emiliano Joel Grodzki

Founder & Director
Mr. Emiliano Joel Grodzki linkedin Mr. Emiliano Joel Grodzki twitter

Ms. Sonia Tercas

Director of Investor Relations
Ms. Sonia Tercas linkedin Ms. Sonia Tercas twitter

Mr. James Bond

Senior Vice President of High-Performance Computing
Mr. James Bond linkedin Mr. James Bond twitter

Ms. Tracy H. Krumme

Senior Vice President and Head of IR & Corporate Communications
Ms. Tracy H. Krumme linkedin Ms. Tracy H. Krumme twitter

Ms. Tracy H. Krumme

SVice President, Head of IR & Corporate Communications
Ms. Tracy H. Krumme linkedin Ms. Tracy H. Krumme twitter

Mr. Jeffrey P. Lucas CPA

Chief Financial Officer
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Paul Magrath

Vice President of Taxation & Sustainability
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Press Releases

FAQ

The next earnings report date for Bitfarms Ltd. (BITF) is scheduled for August 14, 2025. Stay up to date with BITF’s financial results and key announcements by visiting our Earnings Tracker or by subscribing to earnings alerts. Here we also provide BITF earnings call summaries and transcripts.

As of April 30, 2025, Bitfarms Ltd. holds approximately 1005.0 BTC as part of its corporate Bitcoin treasury strategy. For more comprehensive insights, you can track BITF's Bitcoin holdings on our Bitcoin Treasuries page.

In April 2025, Bitfarms Ltd. produced 268.0 BTC through its mining operations. Explore the historical monthly production data for BITF on our Bitcoin Production page.

As of April 30, 2025, Bitfarms Ltd. has an operating hash rate of 17.2 EH/s, with 19.5 EH/s installed hash rate. Track BITF's historical hash rate growth on our Hash Rate tracker page.

The current stock price of Bitfarms Ltd. (BITF) is $1.02 as of 08:00 PM 03/07/25. For live stock updates and company rankings, view our Bitcoin mining stocks by market cap table.

The latest news for Bitfarms Ltd. (BITF) includes Bitfarms Reports First Quarter 2025 Results published on May 14, 2025. For more details and ongoing updates, visit the BITF news section.