Bitfarms Draws $50M from Macquarie

TL;DR

Bitfarms just snagged another $50M from Macquarie, boosting their cash pile.

AI Summary

On October 24, 2025, Bitfarms Ltd. closed an additional draw of $50 million under an existing loan agreement with Macquarie Equipment Capital, Inc., a division of Macquarie Group. This draw is part of an amendment to a previously announced Loan and Security Agreement.

Why It Matters

This $50 million draw provides Bitfarms with additional capital, potentially for operational expansion or debt management, impacting its financial flexibility.

Risk Assessment

Risk Level: medium — The company is drawing on debt, which increases financial leverage and associated risks, especially in the volatile cryptocurrency market.

Key Numbers

• $50 million — Additional Draw (Capital raised from Macquarie on October 24, 2025.)

Key Players & Entities

• Bitfarms Ltd. (company) — Registrant and borrower
• Macquarie Equipment Capital, Inc. (company) — Lender
• Macquarie Group (company) — Parent company of lender
• $50 million (dollar_amount) — Amount of additional draw
• October 24, 2025 (date) — Closing date of the draw

FAQ

Key Financial Figures

• $50 million — ”) closed the additional draw of $50 million (the “ Closing ”) pursuant
• $5.69 — on shares ”) at a strike price of $5.69 per common share, representing a premiu

Filing Documents

• ea0262413-6k_bitfarms.htm (6-K) — 12KB
• 0001213900-25-102248.txt ( ) — 13KB

From the Filing

OF FOREIGN PRIVATE ISSUER UNITED STATES 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 October 2025 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 EXPLANATORY NOTE On October 24, 2025, Bitfarms Ltd. (“ Bitfarms ” or the “ Company ”) closed the additional draw of $50 million (the “ Closing ”) pursuant to the previously-announced Amendment No. 1 to the Loan and Security Agreement (the “ Amendment ”) with Macquarie Equipment Capital, Inc., a division of Macquarie Group’s Commodities and Global Markets’ business (“ Macquarie ”) and certain subsidiaries of the Company and lenders of the Company named therein. In connection with the Closing and pursuant to the terms of the Amendment, the Company issued to Macquarie warrants (the “ warrants ”) exercisable into 2,197,127 common shares of Bitfarms (the “ common shares ”) at a strike price of $5.69 per common share, representing a premium of 25% over the trailing five-day volume weighted average price prior to the date of Closing. The warrants expire on October 24, 2030. 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: October 24, 2025 2

View Full Filing

View this 6-K filing on SEC EDGAR