Bitfarms Files Material Change Report with Canadian Regulators

TL;DR

Bitfarms dropped a material change report on SEDAR+ Nov 20, includes press release, filed with SEC docs.

AI Summary

On November 20, 2024, Bitfarms Ltd. filed a material change report with Canadian Securities Regulatory Authorities (SEDAR+). This report includes a press release, which is incorporated by reference into several of Bitfarms' SEC registration statements, including Form F-10 (File No. 333-272989) and Form S-8 (File No. 333-278868).

Why It Matters

This filing indicates a significant update or change in Bitfarms' business operations or financial status, requiring disclosure to regulatory bodies and investors.

Risk Assessment

Risk Level: medium — Material change reports can signal significant operational or financial shifts, requiring closer investor scrutiny.

Key Players & Entities

• Bitfarms Ltd. (company) — Registrant
• November 20, 2024 (date) — Filing date of material change report
• SEDAR+ (company) — Canadian regulatory filing system
• Form F-10 (document) — SEC registration statement
• File No. 333-272989 (document) — SEC registration statement file number
• Form S-8 (document) — SEC registration statement
• File No. 333-278868 (document) — SEC registration statement file number

FAQ

From the Filing

0001213900-24-101647.txt : 20241122 0001213900-24-101647.hdr.sgml : 20241122 20241122164955 ACCESSION NUMBER: 0001213900-24-101647 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20241121 FILED AS OF DATE: 20241122 DATE AS OF CHANGE: 20241122 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: 241490566 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 ea0222182-6k_bitfarm.htm REPORT 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 November 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 November 20, 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, which is incorporated by reference into the Registration Statements of Bitfarms Ltd. on Form F-10 (File No. 333-272989), Form S-8 (File No. 333-278868) and Form F-4 (File No. 333-282657). See the Exhibits listed below. Exhibits Exhibit No. Description 99.1 Material Change Report dated November 20, 2024 99.2 Report of Voting Results dated November 20, 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: November 22, 2024 2 EX-99.1 2 ea022218201ex99-1_bitfarm.htm MATERIAL CHANGE REPORT DATED NOVEMBER 20, 2024 Exhibit 99.1 FORM 51-102F3 MATERIAL CHANGE REPORT Item 1 Name and Address of Company Bitfarms Ltd. (“Bitfarms” or the “Company”) 110 Yonge Street, Suite 1601 Toronto, Ontario M5C 1T4 Item 2 Date of Material Change November 20, 2024 Item 3 News Release The press release attached as Schedule “A” was released on November 20, 2024 by a newswire company in Canada. Item 4 Summary of Material Change The material change is described in the press release attached as Schedule “A”. Item 5 Full Description of Material Change The material change is described in the press release attached as Schedule “A”. Item 6 Reliance of subsection 7.1(2) of National Instrument 51-102 Not applicable. Item 7 Omitted Information Not applicable. Item 8 Executive Officer Ben Gagnon Chief Executive Officer Bitfarms Ltd. Bgagnon@bitfarms.com Item 9 Date of Report November 20, 2024. Schedule “A” Bitfarms Announces Results of Special Meeting of Shareholders - Bitfarms Board of Directors Increased to Six Members, Five of whom are Independent – -Andrew J. Chang Appointed as Independent Director- -Shareholder Rights Plan Approved- This news release constitutes a “designated news release” for the purposes of the Company’s amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus dated N