Bitfarms Ltd.
BTC Holdings
1166
Enterprise Value
$1,000M
Market cap plus debt minus cash
About Bitfarms Ltd.
Bitfarms Ltd., listed on Nasdaq and the Toronto Stock Exchange with the ticker BITF, is a global Bitcoin mining and blockchain infrastructure company headquartered in Brossard, Quebec. Founded in 2017, Bitfarms leveraged Canada’s abundant hydroelectric power to establish itself as a leader in sustainable cryptocurrency mining. Its core operations focus on operating energy-efficient mining facilities, securing the Bitcoin network, and providing high-performance computing services, with data centers spanning North and South America.
The company employs a Bitcoin treasury strategy, retaining mined Bitcoin as a strategic reserve to diversify its financial portfolio and hedge against inflation, aligning its operations with Bitcoin’s value proposition. Beyond treasury management, Bitfarms pursues a broader digital asset strategy, optimizing mining infrastructure and exploring blockchain applications for energy management and decentralized finance, reinforcing its role in the evolving digital economy.
Led by CEO Ben Gagnon, a seasoned expert in blockchain technology, Bitfarms maintains a strong industry presence through its scalable operations and commitment to renewable energy. Its leadership drives innovation in mining efficiency and strategic expansions, positioning the company as a key player in the global Bitcoin ecosystem. By prioritizing sustainability and technological advancement, Bitfarms ensures long-term relevance in the dynamic landscape of digital assets and decentralized finance.
Recent Developments
- May 13, 2025: Bitcoin holdings increased by 14.00 BTC to 1166 BTC with cost basis of $119.9M
- Feb 5, 2025: Bitcoin holdings increased by 218.00 BTC to 1152 BTC with cost basis of $112.7M
- Jan 2, 2025: Bitcoin holdings increased by 64.00 BTC to 934 BTC with cost basis of $89.9M
- Nov 30, 2024: Bitcoin holdings decreased by 277.00 BTC to 870 BTC with cost basis of $84.1M
- Sep 30, 2024: Bitcoin holdings increased by 44.00 BTC to 1147 BTC with cost basis of $73.5M
Bitfarms Ltd. — Bitcoin Holdings Over Time
1y - Present
Loading holdings data...
Bitfarms Ltd. — Stock vs BTC Dynamics
1y - Present
Loading stock data...
Balance Sheet History