Bitfarms Files New Shareholder Rights Plan

TL;DR

Bitfarms just dropped a new shareholder rights plan, potentially changing the game for future deals.

AI Summary

On July 24, 2024, Bitfarms Ltd. filed a material change report with Canadian authorities, including a press release. The following day, July 25, 2024, the company also filed a new shareholder rights plan agreement. These documents were submitted as part of their Form 6-K filing.

Why It Matters

The implementation of a new shareholder rights plan can impact corporate governance and potential future takeovers, affecting shareholder value and control.

Risk Assessment

Risk Level: medium — Shareholder rights plans can be complex and may indicate underlying concerns about corporate control or strategic maneuvers.

Key Players & Entities

• Bitfarms Ltd. (company) — Registrant
• July 24, 2024 (date) — Filing date of material change report
• July 25, 2024 (date) — Filing date of new shareholder rights plan
• SEDAR+ (company) — Electronic filing system

FAQ

Filing Documents

• ea0210048-6k_bitfarms.htm (6-K) — 15KB
• ea021004801ex99-1_bitfarms.htm (EX-99.1) — 37KB
• ea021004801ex99-2_bitfarms.htm (EX-99.2) — 351KB
• ex99-1_001.jpg (GRAPHIC) — 12KB
• 0001013762-24-001200.txt ( ) — 422KB

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 July 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 July 24, 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, on July 25, 2024, a new 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 July 24, 2024 99.2 New shareholder rights plan agreement dated July 24, 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/ Ben Gagnon Name: Ben Gagnon Title: Chief Executive Officer Date: July 25, 2024 2

View Full Filing

View this 6-K filing on SEC EDGAR