Bitfarms Ltd. Files 6-K Report with Press Release

TL;DR

Bitfarms filed a 6-K with a press release on Dec 9, 2024. Check Exhibit 99.1 for details.

AI Summary

On December 9, 2024, Bitfarms Ltd. filed a press release with Canadian Securities Regulatory Authorities via SEDAR+. This filing is a Report of Foreign Private Issuer submitted under the Securities Exchange Act of 1934. The press release, dated December 9, 2024, is attached as Exhibit 99.1 to this Form 6-K.

Why It Matters

This filing indicates Bitfarms Ltd. is providing updated information to regulators and the public, which is crucial for investors tracking the company's compliance and disclosures.

Risk Assessment

Risk Level: low — This is a routine filing of a press release and does not contain new material financial or operational information that would inherently increase risk.

Key Players & Entities

• Bitfarms Ltd. (company) — Registrant
• December 9, 2024 (date) — Date of press release and filing
• SEDAR+ (company) — System for Electronic Data Analysis and Retrieval
• Exhibit 99.1 (document) — Attached press release

FAQ

From the Filing

0001213900-24-107079.txt : 20241210 0001213900-24-107079.hdr.sgml : 20241210 20241209194305 ACCESSION NUMBER: 0001213900-24-107079 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20241209 FILED AS OF DATE: 20241210 DATE AS OF CHANGE: 20241209 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: 241536757 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 ea022396302-6k_bitfarms.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 December 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 December 9, 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 December 9, 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 and Director Date: December 9, 2024 2 EX-99.1 2 ea022396302ex99-1_bitfarms.htm PRESS RELEASE DATED DECEMBER 9, 2024 Exhibit 99.1 Bitfarms Announces Restatement of Previously Issued Financial Statements 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 November 10, 2023. Toronto, Ontario and Brossard, Québec (December 9, 2024) - Bitfarms Ltd. (Nasdaq/TSX: BITF) (“ Bitfarms ” or the “ Company ”), a global vertically integrated Bitcoin data center company, today announced that, in connection with the Securities and Exchange Commission’s (“ SEC ”) review of its annual report for the fiscal year ended December 31, 2023 (the “ SEC Review ”), and in consultation with its Audit Committee of the Board of Directors and management, the Company has determined that its previously issued consolidated financial statements for the fiscal years ended December 31, 2023 and 2022 and the related management’s discussion and analysis for the year ended December 31, 2023, as well as the unaudited interim condensed consolidated financial statements for the three and nine months ended September 30, 2024 and 2023 (such interim periods together with the fiscal years ended December 31, 2023 and 2022, the “ Restatement Periods ”) and the related management’s discussion and analysis for the three and nine months ended September 30, 2024, should be restated to correct a material error in the classification of proceeds derived from the sale of digital assets. Shareholders and users of Bitfarms’ financial statements should note