BITFARMS LTD/CANADA (BITF)

Company Profile

Bitfarms Ltd. (Canada) engages in the business of mining cryptocurrency. The company is headquartered in Toronto, Ontario and currently employs 170 full-time employees. The company went IPO on 2019-07-16. The firm develops, owns, and operates vertically integrated mining farms with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers operational performance and uptime. The firm operates through the cryptocurrency mining segment. The firm operates server farms comprised of computers (Miners) designed for the purpose of validating transactions on the Bitcoin (BTC) Blockchain (Mining). The firm also operates Miners about 24 hours a day producing computational power (measured by hashrate) which it sells to Mining Pools under a formula-driven rate commonly known as Full Pay Per Share (FPPS). The firm has 11 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.

Company Info

BITFARMS LTD/CANADA

110 Yonge Street, Suite 1601

TORONTO ONTARIO

P: 16472591790

CEO: Emiliano Grodzki

Employees: 170

Website: https://bitfarms.com/