About Bitfarms
Bitfarms is a company based in Toronto (Canada) founded in 2017 was acquired by HIVE Digital Technologies in January 2025. Bitfarms has completed 1 acquisition, including Stronghold Digital Mining. Bitfarms operates in a competitive market with competitors including Core Scientific, Pi Network, BitFuFu, Genesis Digital Assets and Vogogo, among others.
- Headquarter Toronto, Canada
- Stage Public
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Sectors
TechnologyFinancial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Bitfarms Ltd.
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Annual Revenue
$183.65 M (USD)33.76as on Dec 31, 2024
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Net Profit
-$51.47 M (USD)49.62as on Dec 31, 2024
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EBITDA
$35.58 M (USD)109.69as on Dec 31, 2024
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Latest Funding Round
$588 M (USD), Post-IPO
Oct 21, 2025
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Investors
HIVE Digital Technologies
& 2 more
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Employee Count
Not available
- Investments & Acquisitions
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Acquired by
HIVE Digital Technologies
(Jan 28, 2025)
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IPO & Listings of Bitfarms
Bitfarms is a publicly listed company on the TSX with ticker symbol BITF in Canada, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
People of Bitfarms
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Funding Insights of Bitfarms
Investors in Bitfarms
Bitfarms has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include HIVE Digital Technologies, Dominion Capital and Sadis.
| Investor | Description | Founded Year | Domain | Location |
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Dominion Capital is engaged in investment and financing solutions.
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Locked | Locked | Locked | |
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Law firm providing legal advice for hedge funds, litigation, and corporate matters.
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Locked | Locked | Locked | |
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Data center owner and operator powering cutting-edge projects in the Web3 and AI industries
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Locked | Locked | Locked |
Investor details for Bitfarms
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Bitfarms
Bitfarms has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Stronghold Digital Mining.
Investment portfolio details for Bitfarms
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Crypto mining is powered by energy from coal refuse conversion.
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Locked | Locked | 2021 | Locked |
Complete acquisition details for Bitfarms
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
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Financial Statements - Bitfarms
Detailed financials for Bitfarms
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
- Statement rows
- Financial ratios
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Bitfarms Comparisons
Peer comparison for Bitfarms
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Competitors of Bitfarms
Bitfarms operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Core Scientific, Pi Network, BitFuFu, Genesis Digital Assets and Vogogo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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AI and blockchain infrastructure plus software solutions are offered.
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Provider of blockchain-based platform offering to mine coins
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Cloud mining platform for cryptocurrencies
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Profitable bitcoin mining operation services are provided globally.
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Bitcoin mining hosting and optimization software are provided.
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Detailed competitors of Bitfarms
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- Full company profiles
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Latest news on Bitfarms
Complete news archive for Bitfarms
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Frequently Asked Questions about Bitfarms
Bitfarms was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Bitfarms is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Annual revenue of Bitfarms is $183.65M as on Dec 31, 2024.
Bitfarms was founded in 2017 in Toronto, Canada, within the cryptocurrency sector. Blockchain infrastructure is operated for computing centers, where bitcoins are processed through mining networks and fees are earned for transaction handling. Hosting services, in-house management, and support for miners are offered to facilitate operations in the cloud mining domain.
Bitfarms's top competitors include Pi Network, Core Scientific and BitFuFu.
Yes, Bitfarms is publicly traded on TSX under the ticker symbol BITF.
Bitfarms has made 1 acquisition, including Stronghold Digital Mining.
Bitfarms has 3 investors. Key investors include HIVE Digital Technologies, Dominion Capital, and Sadis.
The ticker symbol of Bitfarms is BITF on TSX.