Bitfarms Ltd. Files 6-K with SEC

Ticker: BITF · Form: 6-K · Filed: 2024-09-13T00:00:00.000Z

Sentiment: neutral

Topics: filing, foreign-private-issuer, press-release

Related Tickers: BITF

TL;DR

Bitfarms filed a 6-K on 9/13/24, attaching a press release. Standard foreign issuer disclosure.

AI Summary

On September 13, 2024, Bitfarms Ltd. filed a Form 6-K with the SEC, attaching a press release dated September 13, 2024, as Exhibit 99.1. This filing indicates that Bitfarms is a foreign private issuer and will file its annual reports under Form 20-F. The press release content itself is not detailed in this header information.

Why It Matters

This filing is a routine disclosure for foreign private issuers, indicating the submission of a press release to Canadian regulatory authorities (SEDAR+).

Risk Assessment

Risk Level: low — This is a routine filing for a foreign private issuer and does not appear to contain significant new financial or operational information.

Key Players & Entities

FAQ

What is the purpose of this Form 6-K filing?

The Form 6-K is a Report of Foreign Private Issuer filed by Bitfarms Ltd. pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934, for the month of September 2024.

What document is included as part of this Form 6-K?

Exhibit 99.1, a press release dated September 13, 2024, is included as part of this Form 6-K.

Which Canadian regulatory system was the press release filed with?

The press release was filed with the Canadian Securities Regulatory Authorities on the System for Electronic Data Analysis and Retrieval + (SEDAR +).

Does Bitfarms Ltd. file annual reports under Form 20-F or 40-F?

Bitfarms Ltd. indicates it files annual reports under cover of Form 20-F.

What is the principal executive office address of Bitfarms Ltd.?

The principal executive offices are located at 110 Yonge Street, Suite 1601, Toronto, Ontario, Canada M5C 1T4.

From the Filing

0001213900-24-078656.txt : 20240913 0001213900-24-078656.hdr.sgml : 20240913 20240913172054 ACCESSION NUMBER: 0001213900-24-078656 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20240913 FILED AS OF DATE: 20240913 DATE AS OF CHANGE: 20240913 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Bitfarms Ltd CENTRAL INDEX KEY: 0001812477 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40370 FILM NUMBER: 241298676 BUSINESS ADDRESS: STREET 1: 110 YONGE STREET STREET 2: SUITE 1601 CITY: TORONTO STATE: A6 ZIP: M5C 1T4 BUSINESS PHONE: 647-259-1790 MAIL ADDRESS: STREET 1: 110 YONGE STREET STREET 2: SUITE 1601 CITY: TORONTO STATE: A6 ZIP: M5C 1T4 6-K 1 ea0214506-6k_bitfarms.htm FORM 6-K 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 September 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 x DOCUMENTS INCLUDED AS PART OF THIS FORM 6-K On September 13, 2024, the Registrant filed with the Canadian Securities Regulatory Authorities on the System for Electronic Data Analysis and Retrieval + (SEDAR +) a press release, a copy of which is attached hereto as Exhibit 99.1, which is incorporated herein by reference. See the Exhibits listed below. Exhibits Exhibit No. Description 99.1 Press release dated September 13, 2024 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: September 13, 2024 EX-99.1 2 ea021450601ex99-1_bitfarms.htm PRESS RELEASE DATED SEPTEMBER 13, 2024 Exhibit 99.1 Bitfarms Enters into 10,000 Miner Hosting Agreement with Stronghold Digital Mining - Agreement to support 2.2 EH/s with energization expected in October, two months ahead of schedule - - Company reiterates 2024 & 2025 guidance of 21 EH/s & 35+ EH/s, respectively - Toronto, Ontario and Brossard, Québec (September 13, 2024) - Bitfarms Ltd. (NASDAQ/TSX: BITF) ("Bitfarms" or the "Company"), a global leader in vertically integrated Bitcoin data center operations, has entered into a miner hosting agreement (the "Hosting Agreement") with Stronghold Digital Mining Hosting, LLC, a subsidiary of Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”) at Stronghold’s Panther Creek site in Pennsylvania. Under the terms of the Hosting Agreement, Bitfarms will be accelerating the deployment of 10,000 Bitmain T21 miners, originally scheduled to come online at the Company’s Yguazu, Paraguay site in December 2024, to Stronghold’s Panther Creek site. Energization is anticipated in October 2024 and will bring 2.2 EH/s online immediately. “This Hosting Agreement represents an important milestone in our efforts to further optimize our assets and take greater control over our top cost element, the cost of power,” stated Ben Gagnon, Chief Executive Officer. “The opportunity to vertically integrate our operations with Stronghold’s existing power generation infrastructure provides a robust pathway to continued, profitable growth. Further, Stronghold’s Pennsylvania sites have substantial multi-year expansion potential and provide access to energy trading opportunities, competitive power co

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