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), a global energy and compute infrastructure company, has announced two significant corporate changes. First, the company will establish a second Principal Executive Office (PEO) in New York City, utilizing the office acquired from Stronghold Digital Mining. Second, Bitfarms will transition from IFRS to U.S. GAAP accounting standards starting with fiscal year 2025.
The company's CEO Ben Gagnon highlighted that these changes follow their successful rebalancing to ~70% North American megawatts in Q1. These initiatives are expected to streamline reporting processes, reduce costs, expand U.S. investor base, and enhance eligibility for stock indices inclusion, supporting Bitfarms' HPC/AI growth strategy.
Bitfarms (NASDAQ/TSX: BITF), a global energy and compute infrastructure company, has announced a significant share buyback program approved by its Board of Directors. The company is authorized to repurchase up to 49,943,031 common shares, representing 10% of its public float, between July 28, 2025, and July 27, 2026.
Daily repurchases on TSX will be limited to 494,918 common shares, while Nasdaq purchases will not exceed 5% of outstanding shares during the program period. CEO Ben Gagnon emphasized that the program reflects management's belief that Bitfarms' shares are undervalued, particularly regarding their Bitcoin business and HPC potential.
The company has established an automatic repurchase arrangement with its designated broker to facilitate purchases during pre-determined blackout periods.
Bybit, the world's second-largest crypto exchange, has announced the listing of three new stocks on its TradFi platform: SharpLink Gaming (NASDAQ: SBET), CleanSpark (NASDAQ: CLSK), and Bitfarms (NASDAQ: BITF).
Notable among these is SBET, which has reportedly acquired 74,656 ETH (valued at $213 million), with 99.7% of its holdings deployed in staking strategies since June. This significant Ethereum position has led analysts to compare SBET to MicroStrategy's Bitcoin strategy, dubbing it "Ethereum's version of MicroStrategy."
Bitfarms (NASDAQ/TSX: BITF), a global Bitcoin data center company, held its annual general and special meeting of shareholders virtually on June 30, 2025. The meeting saw participation from shareholders representing 43.9% of outstanding shares (224,085,154 common shares).
All six director nominees were successfully elected to the board. The company's shareholders approved several key items including: the reappointment of PricewaterhouseCoopers LLP as independent auditors, a new omnibus incentive plan, and a special resolution authorizing a potential future share consolidation of up to 10:1 ratio, which can be implemented at the board's discretion until June 30, 2027.
The share consolidation resolution passed with 202,494,926 votes in favor and 41,590,225 against, while the omnibus incentive plan was approved with 131,083,589 votes in favor and 27,232,799 against.
Bitfarms (NASDAQ/TSX: BITF), a global energy and compute infrastructure company, has announced its upcoming first quarter 2025 financial results release and conference call schedule. The company will release its Q1 2025 financial results on Wednesday, May 14th, 2025, before market opening. Management will host a conference call the same day at 8:00 am ET.
All quarterly materials will be accessible in the 'Financial Results' section of Bitfarms' investor website prior to the call. Interested parties can join through a live webcast, while those preferring telephone access can register to receive dial-in numbers and a unique PIN.
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.