Bitfarms Announces Option Grant

TORONTO & BROSSARD, Quebec--(BUSINESS WIRE)-- Bitfarms Ltd. (“Bitfarms”) (TSXV: BITF) today announces that, in connection with the recently completed transaction to consolidate the ownership of its operating entity, Backbone Hosting Solutions Inc., it issued an aggregate of 268,136 options to purchase common shares.

Mr. Fulford, Bitfarms’ CEO, and Mr. Rim, Bitfarms’ CFO, were each granted options to purchase 146,256 and 121,880 common shares, respectively. The options vest on March 20, 2021, have an exercise price of $1.25 per share and are exercisable until August 15, 2024.

To learn more about Bitfarms’ events, developments and online communities:

https://www.facebook.com/bitfarms/
https://twitter.com/Bitfarms_io
https://www.instagram.com/bitfarms/
https://www.linkedin.com/company/bitfarms/
Website: www.bitfarms.io

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For investor inquiries, please contact:
Sonia Tercas
Director, Investor Relations
+1.647.348.9207
stercas@bitfarms.io
For media inquiries, please contact:
Bahador Zabihiyan
Director, Public and Government Relations
+1.514.536.0145
bahador@bitfarms.io

Source: Bitfarms Ltd.