Bitfarms Ltd

More Details of Bitfarms Ltd Company

Bitfarms Ltd. is a Canada-based global Bitcoin and vertically integrated data center company that sells its computational power to one or more mining pools from which it receives payment in Bitcoin. It develops, owns, and operates vertically integrated mining facilities with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. Its proprietary data analytics system delivers operational performance and uptime. The Company operates through the cryptocurrency mining segment. The activities of the Company mainly consist of selling its computational power used for hashing calculations for the purpose of cryptocurrency mining in multiple jurisdictions. Volta, a wholly owned subsidiary of the Company, assists the Company in building and maintaining its data centers. The Company operates Bitcoin data centers in four countries: the United States, Canada, Paraguay, and Argentina.

Company Info

Company codeBITF

Company nameBitfarms Ltd

IPO dateJul 16, 2019

Founded at2018

CEOMr. Benjamin (Ben) Gagnon

Number of employees- -

Security typeOrdinary Share

Fiscal year-endJul 16

Address110 Yonge Street

CityTORONTO

Stock exchangeThe Toronto Stock Exchange

CountryCanada

Postal codeM5C 1T4

Phone16472591790

Websitehttps://bitfarms.com/

Company codeBITF

IPO dateJul 16, 2019

Founded at2018

Company Executives

Name

Name/Position

Position

Shareholding

Change

Mr. Damian Polla

General Manager - LATAM

50.00K

+0.67%

Mr. Philippe Fortier

Vice President - Special Projects, Corporate Development

40.00K

+700.00%

Mr. Brian M. Howlett, CPA

Independent Chairman of the Board

20.00K

+100.00%

Mr. Paul Magrath

Vice President - Taxation

10.82K

+441.10%

Ms. Fanny Philip

Independent Director

2.00K

--

Ms. Rachel Silverstein

United States General Counsel

1.39K

--

Mr. Andrea Keen Souza

Vice President - Human Resources

--

Mr. Marc-Andre Ammann

Vice President - Finance and Accounting

--

Mr. Stephanie Wargo

Vice President - Marketing and Communications

--

Mr. Andrew J. Chang

Independent Director

--

Name

Name/Position

Position

Shareholding

Change

Mr. Damian Polla

General Manager - LATAM

50.00K

+0.67%

Mr. Philippe Fortier

Vice President - Special Projects, Corporate Development

40.00K

+700.00%

Mr. Brian M. Howlett, CPA

Independent Chairman of the Board

20.00K

+100.00%

Mr. Paul Magrath

Vice President - Taxation

10.82K

+441.10%

Ms. Fanny Philip

Independent Director

2.00K

--

Ms. Rachel Silverstein

United States General Counsel

1.39K

--

Revenue Breakdown

Currency: USDUpdate time: Sun, Apr 6

FY2024

FY2024Q4

FY2024Q3

FY2024Q2

FY2024Q1

FY2023

FY2023Q4

FY2023Q3

FY2023Q2

FY2023Q1

FY2022

FY2022Q4

FY2022Q3

FY2022Q1

FY2021

No Data

By RegionUSD

Name

Revenue

Proportion

Canada

116.85M

60.58%

Argentina

33.65M

17.44%

Paraguay

25.96M

13.46%

United States

16.43M

8.52%

By Business

By Region

No Data

Shareholder

Update time: Mon, Apr 7

Shareholder Statistics

Type

Shareholder Statistics

Shareholder

Proportion

Riot Platforms Inc

16.71%

MMCAP Asset Management

2.48%

Van Eck Associates Corporation

2.33%

Invesco Capital Management LLC

2.00%

VanEck Asset Management B.V.

1.39%

Other

75.10%

Shareholder Statistics

Shareholder

Proportion

Riot Platforms Inc

16.71%

MMCAP Asset Management

2.48%

Van Eck Associates Corporation

2.33%

Invesco Capital Management LLC

2.00%

VanEck Asset Management B.V.

1.39%

Other

75.10%

Type

Shareholder

Proportion

Corporation

16.71%

Investment Advisor

14.12%

Investment Advisor/Hedge Fund

4.74%

Hedge Fund

3.40%

Research Firm

1.16%

Bank and Trust

0.34%

Pension Fund

0.12%

Venture Capital

0.08%

Individual Investor

0.07%

Other

59.25%

Institutional Shareholding

Update time: Sat, Feb 22

Reporting Period

No. of institutions

Shares Held

Proportion

Change

2025Q1

313

219.48M

40.71%

+5.35M

2024Q4

327

210.75M

44.13%

-670.69K

2024Q3

305

191.06M

42.81%

-33.65M

2024Q2

292

170.20M

40.42%

+6.64M

2024Q1

279

99.52M

27.96%

-23.71M

2023Q4

263

97.05M

30.90%

-350.30K

2023Q3

238

69.17M

25.74%

+2.67M

2023Q2

228

57.20M

22.55%

-3.25M

2023Q1

217

48.07M

20.06%

-16.87M

2022Q4

208

53.00M

24.12%

-12.22M

Shareholder Activity

Name

Shares Held

Proportion

Change

Chg %

Date

Riot Platforms Inc

90.11M

16.71%

--

Oct 17, 2024

MMCAP Asset Management

13.35M

2.48%

+11.49M

+617.85%

Dec 31, 2024

Van Eck Associates Corporation

12.55M

2.33%

+6.48M

+106.62%

Dec 31, 2024

Invesco Capital Management LLC

10.78M

2%

+935.14K

+9.49%

Dec 31, 2024

VanEck Asset Management B.V.

7.49M

1.39%

-2.22M

-22.87%

Mar 31, 2025

Vident Investment Advisory, LLC

6.37M

1.18%

+5.68M

+826.00%

Mar 31, 2025

UBS Financial Services, Inc.

6.21M

1.15%

+6.11M

+6.44K%

Dec 31, 2024

Vident Asset Management

6.06M

1.12%

+2.83M

+87.59%

Dec 31, 2024

Susquehanna International Group, LLP

5.21M

0.97%

+1.16M

+28.49%

Dec 31, 2024

Mirae Asset Global Investments (USA) LLC

4.27M

0.79%

+818.89K

+23.72%

Dec 31, 2024

Related ETFs

Update time: Sun, Apr 6

Name

Proportion

CoinShares Valkyrie Bitcoin Miners ETF

4.24%

Siren Nasdaq NexGen Economy ETF

4.21%

Grayscale Bitcoin Miners ETF

3.34%

Schwab Crypto Thematic ETF

3.25%

Global X Blockchain ETF

2.24%

Invesco Alerian Galaxy Crypto Economy ETF

1.91%

VanEck Digital Transformation ETF

1.79%

Fidelity Crypto Industry and Digital Payments ETF

1.38%

iShares Blockchain and Tech ETF

1.28%

Invesco AG Blkchn Users and Decentralized Comm ETF

1.23%

CoinShares Valkyrie Bitcoin Miners ETF

Proportion4.24%

Siren Nasdaq NexGen Economy ETF

Proportion4.21%

Grayscale Bitcoin Miners ETF

Proportion3.34%

Schwab Crypto Thematic ETF

Proportion3.25%

Global X Blockchain ETF

Proportion2.24%

Invesco Alerian Galaxy Crypto Economy ETF

Proportion1.91%

VanEck Digital Transformation ETF

Proportion1.79%

Fidelity Crypto Industry and Digital Payments ETF

Proportion1.38%

iShares Blockchain and Tech ETF

Proportion1.28%

Invesco AG Blkchn Users and Decentralized Comm ETF

Proportion1.23%

Dividend

A total of 0.00 USD has been distributed in dividends over the past 5 years.

Date

Dividend

Record Date

Payment Date

Ex-dividend Date

No Data

Stock Split

Date

Type

Ratio

No Data

Date

Type

Ratio

No Data

1.005USD

Bitfarms Ltd

1.005

Overview

Company