Bitfarms Files Material Change Report with Shareholder Rights Plan
Ticker: BITF · Form: 6-K · Filed: Jun 10, 2024 · CIK: 1812477
| Field | Detail |
|---|---|
| Company | Bitfarms Ltd (BITF) |
| Form Type | 6-K |
| Filed Date | Jun 10, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, filing, rights-plan
Related Tickers: BITF
TL;DR
Bitfarms dropped a 6-K with a shareholder rights plan and press release on SEDAR+.
AI Summary
On June 10, 2024, Bitfarms Ltd. filed a material change report with Canadian securities regulators. This report includes a press release and a shareholder rights plan agreement, both attached as exhibits to the Form 6-K filing.
Why It Matters
This filing indicates significant corporate actions by Bitfarms, potentially impacting its governance and shareholder rights.
Risk Assessment
Risk Level: medium — The filing of a shareholder rights plan can signal potential takeover defense or significant corporate restructuring, warranting closer attention.
Key Players & Entities
- Bitfarms Ltd. (company) — Registrant
- June 10, 2024 (date) — Filing date
- SEDAR+ (company) — Filing system
FAQ
What is the purpose of the shareholder rights plan agreement filed by Bitfarms?
The filing does not explicitly state the purpose of the shareholder rights plan agreement, but it is attached as Exhibit 99.2 to the material change report.
Where was the material change report filed by Bitfarms?
The material change report was filed with the Canadian Securities Regulatory Authorities on the System for Electronic Data Analysis and Retrieval + (SEDAR+).
What documents are included as part of this Form 6-K filing?
The documents included are a material change report, a press release (Exhibit 99.1), and a shareholder rights plan agreement (Exhibit 99.2).
What is the Commission File Number for Bitfarms Ltd.?
The Commission File Number for Bitfarms Ltd. is 001-40370.
When was the Form 6-K filed?
The Form 6-K was filed on June 10, 2024.
Filing Stats: 268 words · 1 min read · ~1 pages · Grade level 10.4 · Accepted 2024-06-10 16:54:50
Filing Documents
- ea0207585-6k_bitfarms.htm (6-K) — 22KB
- ea020758501ex99-1_bitfarms.htm (EX-99.1) — 32KB
- ea020758501ex99-2_bitfarms.htm (EX-99.2) — 400KB
- ex99-1_001.jpg (GRAPHIC) — 4KB
- 0001213900-24-051297.txt ( ) — 460KB
From the Filing
OF FOREIGN PRIVATE ISSUER UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2024 Commission File Number: 001-40370 BITFARMS LTD. (Translation of registrant’s name into English) 110 Yonge Street, Suite 1601, Toronto, Ontario, Canada M5C 1T4 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F DOCUMENTS INCLUDED AS PART OF THIS FORM 6-K On June 10, 2024, the Registrant filed with the Canadian Securities Regulatory Authorities on the System for Electronic Data Analysis and Retrieval + (SEDAR +) a material change report that includes a copy of a press release, a copy of which is attached hereto as Exhibit 99.1, and a shareholder rights plan agreement, a copy of which is attached hereto as Exhibit 99.2, which are incorporated by reference into the Company’s Registration Statement on Form F-10 (File No. 333-272989) and the Registration Statement of Bitfarms Ltd. on Form S-8 (File No. 333-278868). See the Exhibits listed below. Exhibits Exhibit No. Description 99.1 Material Change Report dated June 10, 2024 99.2 Shareholder rights plan agreement dated June 10, 2024 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BITFARMS LTD. By: /s/ Nicolas Bonta Name: Nicolas Bonta Title: Chairman and Interim CEO Date: June 10, 2024 2