Bitcoin Mining Company
Bitfarms Ltd. is Securing a Strong Future
240
MW
11
Farms in operation
7.0
EH/s
9.2
BTC/day
Our Vision
Empowering the digital financial economy with trust, transparency, and high industry standards. Leading by operating innovative, sustainable, and industrial-scale Bitcoin mining operations that engage communities around the world.
Our Values
We are passionately engaged with our work, and we seek out opportunities to go above and beyond what is required to get the job done. Achieving the Company's mission and vision is the driving force behind our efforts.
We aim to be consistently outstanding and innovative through persistence, competence, and resilience. We set the standard of best practices in our field with a growth mindset, by accepting change, challenge, and pursuing unexplored ideas.
We speak and interact openly, consistently and with the highest regard for our promises and obligations with everyone we engage with, upholding trust, accountability, and transparency. We maintain strong ethical and moral principles, while respecting all laws and regulations where we operate.
We treat each other with fairness, courtesy, and kindness indiscriminately. We encourage each member of the team to share their unique opinions and ideas and actively listen with open minds. We value the diversity of our teams and everyone's individual abilities, qualities, and achievements.
We strive towards a common goal by appreciating the different set of skills, talents, and experiences that each of us brings. We know that our best work is not produced alone but rather by fostering collaboration and supporting each other. In an environment that is safe, trusting, and communicative, we achieve the highest standards of quality.
We Believe in Our People & Our Culture
We are a technology company that believes you need the right energy in your culture to power up your mining operations and scale to industry demand. Our culture is at the heart of what we do.
Benefiting Our Communities
Our operational goals include returning value to the communities where our Bitcoin mining farms are located. Through job creation, energy use mitigation, and decentralized banking opportunities, Bitfarms works to have a positive impact on its surrounding regions.
Vertically Integrated Business Spanning the Globe
Fueling Our Success and Longevity with Technology
Bitfarms is a global enterprise focused on decentralization and diversification to fuel the next generation in cryptocurrency mining. As the only publicly traded pure-play Bitcoin mining company audited by a Big Four audit firm, we are a global operation powered by entrepreneurial leaders and the most advanced technology available.
Canada
Operations
We own and operate eight farms in Canada with ongoing buildout and improvements. In addition, our in-house construction and maintenance company, Volta Electrique, improves downtime and efficiency and serves as another revenue stream.
US
Operations
Our US investment is a fully functional mining farm operating on green hydropower in Washington state.
Argentina Operations
Our Argentina operation is an eight-year contract with initial buildout to be completed in 2022. The contract can be grown from 50MW to 210MW.
Paraguay Operations
In Paraguay, we commenced operations in January 2022 on a 10MW farm powered by hydro-electricity.
Creating a Sustainable Future in Cryptocurrency
By focusing on surplus hydroelectricity and private locally-sourced natural gas, we keep our costs and impact low. Our commitment is to focus on renewable and locally-sourced energy solutions while keeping our operation output low.
We are also committed to mitigating energy waste in communities we operate in, helping power grids through curtailment, using surplus power, and providing revenue to hydro companies.
Timeline
Bitfarms Ltd was founded
Bitfarms became the first Bitcoin mining company to trade on the TSX-V
TSX-V announced Bitfarms as a Rising Star
Bitfarms started trading on Nasdaq Stock Exchange
Completion of first phase Argentina farms
Completion of Paraguay farm
Uplisted from TSX-V to TSX
MGMT System
MGMT in our operations prioritizes minimizing downtime by closely monitoring miner racks. Our technicians can pinpoint exactly which miners need service, identify the issue, and fix them onsite in our in-house repair lab.