Bitfarms Stock Price, News & Analysis

Bitfarms Ltd. (NASDAQ/TSX: BITF), a global energy and compute infrastructure company, has announced its participation in three major upcoming conferences in May 2025:

• Consensus 2025 (May 14-16) in Toronto, Ontario
• AIM Summit London (May 19-20) in London
• BTC 2025 (May 27-29) in Las Vegas, NV

Key executives participating include CEO Ben Gagnon, CFO Jeff Lucas, SVP of Mining Operations Alex Brammer, General Counsel Rachel Silverstein, and SVP of IR & Communications Tracy Krumme. Investors interested in 1x1 meetings can contact investors@bitfarms.com.

Bitfarms (NASDAQ/TSX: BITF) has secured a significant private debt facility of up to $300 million with Macquarie Group for HPC data center development at Panther Creek. The company's April 2025 operational metrics show a hashrate of 19.5 EH/s with fleet efficiency of 19 w/TH. During April, Bitfarms mined 268 BTC, a 4% decrease from March, with daily earnings averaging 8.9 BTC ($837,000 at $94,000 BTC price).

The company's treasury holds 1,005 BTC (valued at $94 million), down from 1,140 BTC in March. CEO Ben Gagnon emphasized that with no planned large miner purchases for 2025-2026, Bitfarms will focus on developing U.S. energy and HPC infrastructure. The Macquarie partnership is expected to accelerate Panther Creek's development and potentially lead to future collaboration opportunities.

Bitfarms (BITF) has secured an initial agreement for a private debt facility of up to $300 million from Macquarie Equipment Capital to fund its Panther Creek data center development. The facility includes an initial $50 million draw at the parent level for project development soft costs, followed by a potential $250 million second tranche tied to specific development milestones.

The facility carries an 8% annual interest rate with a two-year maturity. The Panther Creek facility, located within 100 miles of NYC and Philadelphia in Pennsylvania's PJM region, has a potential capacity of nearly 500 MW with multiple power sources. The project aims to serve High-Performance Computing (HPC) customers amid growing AI infrastructure demands.

As part of the agreement, Macquarie will receive warrants worth $5 million for the initial tranche, plus additional warrants equal to 10% of amounts drawn under the second tranche up to $125 million.

Bitfarms (NASDAQ/TSX: BITF) reported significant operational progress in March 2025, achieving a 21% increase in operational hashrate to 19.5 EHuM and improving fleet efficiency to 19 w/TH. The company completed two major transactions: the acquisition of Stronghold Digital Mining and the sale of its 200 MW Yguazu data center.

Key operational metrics include 280 BTC earned (31% higher month-over-month), averaging 9.0 BTC daily (~$738,000 at $82,000 BTC price). The company's total liquidity stood at $132 million, including $39 million in cash, with a treasury of 1,140 BTC valued at $93.4 million.

The company appointed James Bond as SVP of HPC and Craig Hibbard as SVP of Infrastructure, advancing its HPC/AI strategy. Initial studies confirmed their three Pennsylvania sites are suitable for HPC conversion, with detailed feasibility studies expected in Q2.

Bitfarms (NASDAQ/TSX: BITF) reported Q4 2024 financial results with revenue of $56 million, up 21% year-over-year. The company achieved a gross mining margin of 47%, down from 57% in Q4 2023. Hashrate increased significantly to 18.6 EH/s, up 186% from Q4 2023, with improved efficiency of 19w/TH, representing a 45% improvement.

Key developments include completing the acquisition of Stronghold Digital Mining and selling the 200 MW Yguazu data center. The company has expanded its energized capacity by 90% to 461 MW and secured a pipeline of over 1.4 GW, with ~80% based in the U.S. Bitfarms reported net income of $15 million ($0.03 per share) compared to a net loss of $62 million in Q4 2023. As of March 26, 2025, the company maintained liquidity of approximately $135 million and held 1,093 Bitcoin.

Bitfarms (NASDAQ/TSX: BITF) has appointed James Bond as Senior Vice President of High-Performance Computing (HPC). Bond brings over 20 years of experience in IT infrastructure and public sector solutions, including 15 years at Hewlett Packard Enterprise where he led the North America HPC/AI infrastructure platforms category to $2 billion in 2024, achieving 160% annual growth.

Bond will establish and scale Bitfarms' North American HPC/AI business, leveraging the company's 1.1GW secured power pipeline in Pennsylvania. His previous roles include Chief Technology Officer at IceWEB and leadership positions at Apptix. He is also an author and keynote speaker on enterprise cloud and AI infrastructure topics.

Bitfarms (NASDAQ/TSX: BITF), a global Bitcoin and vertically integrated data center company, has announced its upcoming fourth quarter and full year 2024 financial results release. The results will be published on Thursday, March 27, 2025, before market opening.

The company has scheduled a conference call for the same day at 8:00 am EST to discuss the results. Investors and interested parties can access all Q4 2024 materials through the 'Financial Results' section of Bitfarms' investor website prior to the call. The company will provide both a live webcast and replay option for the conference call, with telephone access available through pre-registration.

Bitfarms (NASDAQ/TSX: BITF) has completed the sale of its 200 MW data center in Yguazu, Paraguay to HIVE Digital Technologies for approximately U.S. $85 million. This strategic move aligns with Bitfarms' transition from an international Bitcoin miner to a North American energy and compute infrastructure company.

The transaction is expected to have several impacts: reducing 2025 capex requirements, lowering average power costs by 10%, and rebalancing the company's portfolio to approximately 80% North American and 20% international operations by year-end 2025. The company plans to reinvest the proceeds in its 1.1 GW U.S. growth pipeline for Bitcoin mining and HPC/AI infrastructure.

Bitfarms (NASDAQ/TSX: BITF) has completed its acquisition of Stronghold Digital Mining (SDIG), significantly expanding its U.S. presence and becoming the leading Bitcoin miner in the PJM market. The stock-for-stock merger involved issuing approximately 59.7M Bitfarms shares and 10.6M warrants, with an additional $44.5M paid to retire Stronghold's outstanding loans.

Key benefits include:

• Increased energy portfolio to 623 Megawatts Under Management with 165 MW active generating capacity and 142 MW immediate import capacity
• Secured 1.1 GW growth pipeline in Pennsylvania
• Portfolio rebalancing to 80% North American and 20% international by end-2025
• Addition of nearly 1 Exahash Under Management through Canaan hosting agreements
• Potential development of two power campuses for HPC/AI operations