Bitfarms operates computing centres that power the global decentralized financial economy

Computing power
to reshape the world

We provide an essential service, the validation and verification of global cryptocurrency transactions

Transaction validation

The mining process deals with the validation of transactions on the Bitcoin network. Miners receive rewards for maintaining the integrity of the network and are incentivized to only generate blocks containing legitimate transactions.

Company Highlights

~69 MW

With 100% of ASIC hardware dedicated to the Bitcoin network

69 MW of built out infrastructure

Across 5 computing centres in Quebec, Canada

US$0.04 / kWh average cost

100% green hydroelectricity

Leading cost efficiency

Through scale, vertical integration and operational excellence


First cryptocurrency miner to file a full prospectus with the OSC


Debt facility secured in March 2019

Financial Discipline

Audited by Big 4 CPA firm

Strong Management

Veteran industrial-scale data centre and capital markets professionals

Leadership and Board of Directors

Emiliano Grodzki


Emiliano is a founder of Bitfarms as well as a business builder and innovator. With over 20 years of experience having successfully built multi-million dollar private businesses, Emi is responsible for setting the Company’s overall vision and strategy.

Mauro Ferrara

Interim Chief Financial Officer and Corporate Secretary

Mauro has almost thirty years of public and private sector finance experience spanning from start-ups to global
multi-million/billion-dollar manufacturing and services organizations. Mauro oversees financial reporting,
acquisitions, tax, accounting, and corporate secretary responsibilities. Prior to joining Bitfarms, Mauro served
as Chief Financial Officer of Savaria Inc. (TSX:SIS) and prior to that, was the Senior Director, Financial Reporting
at WSP Global Inc. (TSX:WSP). Mauro is a CPA-CA and McGill University alumni.

Geoff Morphy


Geoff has 35 years of experience in senior management roles of banks, corporate advisory firms and industry. He has served on the boards of several private and publicly traded companies located in North America and Europe. Geoff was a former director of Bitfarms. Possesses his IoD designation and became an officer in August 2020.

Mathieu Vachon


Mathieu is a founder of Bitfarms and successful entrepreneur. Mathieu built the Company’s operating system and brings over 20 years of experience in technology and programming.

Nicolas Bonta


Nico is a founder of Bitfarms as a well a successful entrepreneur and business builder. Nico brings over 20 years of business experience having built a successful chain of hotels in South America and is responsible for developing strategic opportunities for growth of the Company.

Pierre Seccareccia

Independent Director

Mr. Seccareccia joined the board of directors in June 2019. He has extensive experience in financial consulting and management. A Partner of the Coopers & Lybrand accounting firm from 1976 to 1998, he acted as Managing Partner for its Montreal south shore office from 1987 to 1989, for its Montreal central office from 1992 to 1996, and for its offices in the Province of Quebec from 1996 to 1998. Following the merger in 1998 of Coopers & Lybrand with Price Waterhouse, he acted as Managing Partner for the Montreal office of PricewaterhouseCoopers LLP from 1998 to 2001. Since 2003, Mr. Seccareccia has acted as a full-time independent corporate director for various public and private entities.

Mr. Seccareccia is the Chair of the Audit Committee.

Brian Howlett

Independent Director

Brian is a CPA with 30+ years experience. Brian has served as senior officer and director of many public companies. He currently serves as President and CEO of Canadian Orebodies Inc. and CR Capital Corp., and he is a director of Nighthawk Gold Corp. and Dundee Sustainable Technologies Inc.

Andrés Finkielsztain


Andres was a Founder and Portfolio Manager of Soros Brothers Investments LLC, a New York based Fund created in 2011 for the benefit of Alexander and Gregory Soros, sons of George Soros. Mr Finkielsztain previously worked at J.P.Morgan for over 10 years in various capacities within asset management. Prior to JPM, Andres was an analyst for Emerging Markets at Soros Fund Managment LLC. He also sits at the Board of Directors of a publicly listed company, Goldmoney Inc.

Corporate Governance Documents

Date Title
November 29, 2020 Mandate of the Board of Directors Download
November 29, 2020 Audit Committee Charter Download
November 29, 2020 Governance, Nomination and Compensation Committee Charter Download
November 29, 2020 Code of Business Conduct and Ethics Download
November 29, 2020 Whistleblower Policy Download
November 29, 2020 Disclosure and Confidentiality Policy Download
November 29, 2020 Securities Trading Policy Download

*Petahash [per second] (PH/S) and megawatt (MW) numbers reflect the maximum operational capacity for all ASIC miners. Actual figures will vary slightly due to routine maintenance.