About Bitfarms
Bitfarms is a publicly listed company based in Toronto (Canada) founded in 2017, and was acquired by HIVE Digital Technologies in January 2025. Cryptocurrency cloud mining solutions are provided via blockchain infrastructure. It operates in the Technology and Financial Services sectors. Bitfarms has completed 1 acquisition, including Stronghold Digital Mining. Its website bitfarms.com draws about 69 thousand monthly visits. Its focus areas include FinTech, Cryptocurrencies, Mining and Cloud Mining.
Company details
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.
- Headquarters Toronto, Canada
- Stage Acquired
- SectorsTechnologyFinancial Services
- Website category Finance · Investing
- Email••••••••
- Website bitfarms.com
- Social LinkedIn X Facebook
- Acquired by HIVE Digital Technologies (Jan 2025)
- Legal Name Bitfarms Ltd.
- Annual Revenue$229.95 M (USD)64.17as on Dec 31, 2025
- Net Profit-$290.63 M (USD)-874.86as on Dec 31, 2025
- EBITDA$25.69 M (USD)-57.76as on Dec 31, 2025
- Latest Funding Round$588M (USD), Post-IPO
Oct 2025
- InvestorsHIVE Digital Technologies
& 2 more
- Investments & Acquisitions
- Acquired byHIVE Digital Technologies
(Jan 2025)
Funding Insights of Bitfarms
- Total Rounds 9
- Last Round Post-IPO — $588M
- First Round $20M
(Mar 2019)
- Investors Count 2
All 9 funding rounds of Bitfarms with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2025 | $588M | Post-IPO | – | – | – |
| Nov 2023 | $43.83M | Post-IPO | – | – | – |
| May 2021 | $62.25M | Post-IPO | – | – | – |
| Feb 2021 | $69.46M | Post-IPO | – | – | – |
| Jan 2021 | $34.63M | Post-IPO | – | – | – |
| Jan 2021 | $36.61M | Post-IPO | – | – | – |
| Aug 2019 | $714,040 | Post-IPO | – | – | – |
| Mar 2019 | $20M | Debt – Conventional | – | – | |
| Mar 2019 | $20M | Debt – Conventional | – | – | – |
3 investors in total: 3 institutional.
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 |
|---|---|---|---|---|
Dominion Capital is engaged in investment and financing solutions. | domcapllc.com | New York, United States | ||
Law firm providing legal advice for hedge funds, litigation, and corporate matters. | 1997 | sadis.com | New York, United States | |
Data center owner and operator powering cutting-edge projects in the Web3 and AI industries | 2023 | hivedigitaltechnologies.com | Vancouver, Canada |
Investor details for Bitfarms
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Bitfarms
36 people are tracked at Bitfarms (22 in leadership, 3 in board & advisors, 11 in team).
| Name | Role | Group |
|---|---|---|
Marc-André Ammann | VP, Finance & Accounting | Leadership |
Paul Magrath | VP, Tax | Leadership |
Caroline Brady Baker | Director Of Communications And Marketing | Leadership |
Jeffrey Lucas | CFO | Leadership |
Damian Polla | General Manager, Latam Operations | Leadership |
Philippe Fortier | VP, Corporate Development | Leadership |
Andrea Keen Souza | VP, Human Resources | Leadership |
Geoff Morphy | President & CEO | Leadership |
Robert Lovett | Vice President, Legal And Compliance | Leadership |
Nicolás Vilchez | Director Global Operational Excellence | Leadership |
Tomas Costemalle | Latam Finance Director | Leadership |
Raphaël Fradette | Finance Director Internal Reporting | Leadership |
Pedro Goglino | Senior Director Of Corporate Development | Leadership |
Joshua Jette Mba, Auditor | Director - Financial Reporting | Leadership |
Crha Andrea Keen Souza | Vice President, Human Resources | Leadership |
Mila Thiesen | Executive Assistant To The Ceo, President And CFO & Administrative Manager | Leadership |
Ryan Weber | Vp, Finance And Accounting - US | Leadership |
Kevin Hixon | Director, Financial Planning, Analysis And Reporting | Leadership |
Laine Yonker | Director, Investor Relations | Leadership |
Sebastien Ouellette | Sr Director Of Global Mining Support | Leadership |
16 more people are available in the full profile.
Complete people profiles for Bitfarms
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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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.
- IPO date08 Feb 2022
- Listed onTSX: BITF
- Listed entityBitfarms Ltd.
- Exchange sectorTechnology services
- ISINUS4869171078
- Share price2.76 CAD (+1.1% on the day) · 2026-04-06
- Market capitalisation1,561,126,174.00 CAD
- EPS (diluted, trailing year)-0.33 CAD
- Volume (last session)3,869,691
- Analyst consensusStrong buy
Financials of Bitfarms
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 314.9M CAD | -397.9M CAD | 35.2M CAD |
| 2024 | 191.8M CAD | -40.8M CAD | 83.3M CAD |
| 2023 | 194.0M CAD | -144.4M CAD | 24.0M CAD |
| 2022 | 193.1M CAD | -238.1M CAD | 33.5M CAD |
| 2021 | 214.4M CAD | 28.0M CAD | 116.8M CAD |
Detailed financial statements for Bitfarms
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Investments & Acquisitions by Bitfarms
Bitfarms has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Stronghold Digital Mining.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Crypto mining is powered by energy from coal refuse conversion. | strongholddigitalmining.com | Pittsburgh, United States | 2021 | Aug 2024 | $175M |
Complete acquisition details for Bitfarms
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Bitfarms
6 dated milestones of Bitfarms across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Bitfarms is founded.
- Funding First funding round of $20.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Stronghold Digital Mining.
- Exit Acquired by HIVE Digital Technologies.
- Funding Latest funding round, Post-IPO, of $588.0M.
Web traffic of Bitfarms
The website of Bitfarms (bitfarms.com) receives about 68.7K visits a month and ranks #652,069 among all websites worldwide, #6,419 in Investing.
- Monthly visits68.7K
▲ 39.9% vs previous month
- Unique visitors20.4K
per month
- Global rank#652,069
among all websites
- Category rank#6,419
Finance · Investing
- Bounce rate39%
- Pages per visit2.1
- Average visit20 sec
- DevicesDesktop 29% · Mobile 71%
Websites whose visitors overlap most with Bitfarms. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bitdeer.com | 100% | 126.3K | #297,737 | View details | |
braiins.com | braiins.com | 100% | #83,423 | – | |
| bitfufu.com | 100% | 35.6K | #892,947 | View details | |
| cudominer.com | 100% | 413.8K | #113,180 | View details | |
| bitmain.com | 100% | 266.7K | #145,976 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 12 similar websites and full traffic analytics for Bitfarms
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- 12 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about 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 $229.95M as on Dec 31, 2025.
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.
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.
Yes. Bitfarms was acquired by HIVE Digital Technologies in January 2025.