Bitfarms Ltd.

BITF
$0.96 (3.9%) 08:00 PM 10/06/25

Market Overview

Market Cap
Shares Outstanding
50-Day Moving Average
200-Day Moving Average
Average Volume (20 Days)
Beta (5Y)
  • Chart chart view
  • Table table view
  • Price
  • Market Cap MCap
  • Shares
Start Date
start date
to
End Date
start date
1D
5D
1M
3M
6M
YTD
1Y
5Y

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. 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

Mr. Benjamin J. Gagnon

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

Mr. Alexander B. Brammer

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

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. Benjamin Gagnon

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

Mr. Philippe Fortier

Senior Vice President of Corporate Development
Mr. Philippe Fortier linkedin Mr. Philippe Fortier twitter

Ms. Stephanie Wargo

Vice President of Marketing & Communications
Ms. Stephanie Wargo linkedin Ms. Stephanie Wargo twitter

Ms. Patricia Osorio

Vice President & Corporate Secretary
Ms. Patricia Osorio linkedin Ms. Patricia Osorio 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. Nicolas Bonta

Founder & Chairman
Mr. Nicolas Bonta linkedin Mr. Nicolas Bonta twitter

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

Paul Magrath

Vice President of Taxation & Sustainability
Paul Magrath linkedin Paul Magrath twitter

Mr. Jeffrey P. Lucas CPA

Chief Financial Officer
Mr. Jeffrey P. Lucas CPA linkedin Mr. Jeffrey P. Lucas CPA twitter

Press Releases