Welcome to our dedicated page for Bitfarms news (Ticker: BITF), a resource for investors and traders seeking the latest updates and insights on Bitfarms stock.
Bitfarms Ltd. (BITF) generates frequent news as a North American energy and digital infrastructure company focused on high-performance computing and Bitcoin mining. Company updates often highlight its strategy to pivot from an international Bitcoin miner toward a North American HPC/AI infrastructure platform, as well as developments in its power and data center portfolio in the United States and Canada.
News items commonly cover Bitfarms’ infrastructure projects, such as plans to convert its Washington State site from Bitcoin mining to HPC/AI workloads with advanced liquid cooling and designs compatible with specific GPU platforms. Releases also discuss expansion and reconfiguration of its North American energy portfolio, including transactions like the sale of its Paso Pe site in Paraguay, which Bitfarms describes as completing its exit from Latin America and rebalancing its energy assets to 100% North American.
Investors following BITF news will see coverage of financing activities, including convertible senior notes offerings, project-specific financing facilities, and at-the-market equity programs that the company links to funding its HPC/AI and energy infrastructure buildout. Corporate governance and leadership changes, such as executive appointments and board transitions tied to its U.S. pivot and planned redomiciliation to the United States, are also regular topics.
This news feed brings together Bitfarms’ earnings announcements, operational updates, infrastructure project milestones, capital markets transactions, and strategic communications. Readers can use it to monitor how Bitfarms is executing its North American energy and compute infrastructure strategy, managing its Bitcoin mining operations, and advancing its stated focus on U.S.-oriented growth and HPC/AI development.
Bitfarms (NASDAQ/TSX: BITF) appointed Edie Hofmeister as Chair of the Board, succeeding Brian Howlett, who will remain an Independent Director. The change supports Bitfarms’ previously announced plan to redomicile to the United States. Hofmeister joined the board in November 2022 and has chaired the Governance & Nominating and Environmental & Social Responsibility committees. She brings two decades of U.S. corporate, securities and transaction experience and said U.S. redomiciliation is expected to increase access to U.S. capital pools, broaden the U.S. investor base, and improve index eligibility. CEO Ben Gagnon thanked Howlett for his leadership and said the transition aligns with governance and growth preparations for the redomiciliation.
Bitfarms (NASDAQ: BITF) will present at Needham’s 28th Annual Growth Conference in New York City on January 13-14, 2026. Management presentation is scheduled for Tuesday, January 13, 4:30–5:10 pm ET, with CFO Jonathan Mir and COO Liam Wilson as presenters. A live webcast will be available and a replay will be posted on Bitfarms investor site after the conference. Management is also available for 1x1 meetings during the conference; meeting requests can be coordinated via Needham sales representatives or by emailing investors@bitfarms.com.
Bitfarms (NASDAQ/TSX: BITF) entered a definitive share purchase agreement to sell its 70 MW Paso Pe, Paraguay site to Sympatheia Power Fund for up to $30 million. The company expects closing within 60 days of Jan 2, 2026 and to receive $9 million in cash at closing (Q1 2026), including a $1 million non-refundable deposit already paid, plus up to $21 million over 10 months tied to payment milestones.
Bitfarms said the sale completes its exit from Latin America and rebalances its energy portfolio to 100% North American, with an updated footprint of 341 MW energized, 430 MW active development, and a 2.1 GW multi-year pipeline (~90% U.S.).
Bitfarms (NASDAQ/TSX: BITF) reported Q3 2025 results and strategic pivots on Nov 13, 2025. From continuing operations the company generated $69 million revenue (up 156% Y/Y) and Adjusted EBITDA $20 million (28% margin). Net loss was $46 million and operating loss $29 million. Bitfarms closed a $588 million convertible notes offering and reported total liquidity of $814 million as of Nov 12, 2025 (≈$637M cash, $177M unencumbered BTC).
Strategic updates include converting a Washington site to HPC/AI by Dec 2026, a project-specific $300M Panther Creek financing with $50M drawn, completed Sharon acquisition, and a 2.1 GW North American power portfolio with 341 MW energized capacity.
Bitfarms (NASDAQ/TSX: BITF) announced plans to convert its 18 MW Washington bitcoin mining site to HPC/AI workloads, targeting completion in December 2026. The company signed a fully funded, binding US$128 million agreement to supply IT equipment and building materials for 18 MW gross capacity, with an anticipated PuE between 1.2 and 1.3 and rack power up to 190 kW. The site will support validated designs for Nvidia GB300 GPUs and advanced liquid cooling, and Bitfarms says its supply chain for IT infrastructure is secured. Management noted available liquidity near $1 billion and plans to pursue GPU-as-a-Service and cloud monetization at Washington while winding down bitcoin mining in 2026–2027.
Bitfarms (NASDAQ: BITF) will report third quarter 2025 financial results on Thursday, November 13, 2025 before the market opens.
Management will host a conference call at 8:00 AM EST the same day. Q3 2025 presentation materials will be available in the Financial Results section of Bitfarms' investor site before the call. A live webcast and replay will be accessible online, and telephone access requires registration to receive dial-in numbers and a unique PIN.
Bitfarms (NASDAQ: BITF) closed an offering of US$588 million aggregate principal amount of 1.375% convertible senior notes due Jan 15, 2031, including the full US$88 million option exercise. Net proceeds were approximately US$568 million (before capped call costs). The initial conversion rate is 145.6876 shares per US$1,000 (≈US$6.86 per share, ~30% premium to the Oct 16, 2025 Nasdaq sale price of US$5.28). Bitfarms used cash to purchase capped calls with an initial cap price of US$11.88 (125% premium) to limit economic dilution. Interest is 1.375% paid semiannually; notes become freely convertible after Oct 15, 2030 and mature Jan 15, 2031. Proceeds are for general corporate purposes; combined cash, Bitcoin and available facility funds exceed US$1 billion.
Bitfarms (NASDAQ: BITF) priced an upsized offering of US$500 million aggregate principal amount of 1.375% convertible senior notes due 2031, with an initial purchasers' option for an additional US$88 million. The offering is expected to close on or about October 21, 2025, subject to customary conditions and TSX approval.
The notes carry an initial conversion rate of 145.6876 shares per US$1,000 (≈ US$6.86 per share, ~30% premium to the US$5.28 last sale price) and the company entered capped call transactions with an initial cap price of US$11.88 per share (~125% premium). Net proceeds intended for general corporate purposes and to fund capped calls.
Bitfarms (NASDAQ: BITF) announced a proposed offering of US$300 million aggregate principal amount of convertible senior notes due January 15, 2031 with an initial purchaser option for an additional US$60 million. Interest will be payable semi‑annually beginning July 15, 2026. The notes are convertible into cash, common shares, or a combination at the company's election, with conversion mechanics and the initial conversion rate set at pricing. Net proceeds are intended for general corporate purposes and to fund cash‑settled capped call transactions designed to reduce economic dilution up to a cap targeted at 125% premium to the last reported Nasdaq sale price on the pricing date. The offering is subject to market conditions and exchange approvals and will be offered only to qualified institutional buyers.
Bitfarms (NASDAQ/TSX: BITF) announced that Jonathan Mir will become Chief Financial Officer effective October 27, 2025, succeeding Jeff Lucas, who is retiring and will remain as a strategic financial advisor through Q1 2026 to support the transition.
Mir brings 25+ years of capital markets experience in energy infrastructure, including senior roles at Lazard and Bank of America. The company emphasized Mir's role in supporting its shift to North American HPC/AI infrastructure with projects in Pennsylvania, Quebec, and Central Washington. Management reported approximately US$330M in cash and Bitcoin and up to $250M available on a project facility for the Panther Creek campus.
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