Bitfarms Files Material Change Report with Canadian Regulators

Ticker: BITF · Form: 6-K · Filed: 2025-01-29T00:00:00.000Z

Sentiment: neutral

Topics: regulatory-filing, material-change, press-release

Related Tickers: BITF

TL;DR

Bitfarms dropped a material change report in Canada on Jan 28, 2025, linking to their existing SEC filings.

AI Summary

On January 28, 2025, Bitfarms Ltd. filed a material change report with Canadian Securities Regulatory Authorities. This report includes a press release, which is incorporated by reference into several of Bitfarms' existing SEC registration statements, including Form F-10 (File No. 333-272989).

Why It Matters

This filing indicates a significant update or event for Bitfarms Ltd. that has been disclosed to Canadian authorities and is being incorporated into their existing SEC filings.

Risk Assessment

Risk Level: low — This is a routine filing of a material change report and press release, not indicating immediate financial distress or significant new risks.

Key Numbers

Key Players & Entities

FAQ

What is the nature of the material change reported by Bitfarms Ltd. on January 28, 2025?

The filing is a Report of Foreign Private Issuer (Form 6-K) that includes a press release as Exhibit 99.1, which constitutes a material change report filed with Canadian Securities Regulatory Authorities.

Which SEC registration statements does this filing update or incorporate by reference?

This filing is incorporated by reference into Bitfarms Ltd.'s registration statements on Form F-10 (File No. 333-272989), Form S-8 (File No. 333-278868), and Form F-4.

What is the filing date of the material change report?

The material change report was filed on January 28, 2025.

Where was the material change report filed?

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

What is the company's principal executive office address?

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

From the Filing

0001213900-25-007621.txt : 20250129 0001213900-25-007621.hdr.sgml : 20250129 20250128173711 ACCESSION NUMBER: 0001213900-25-007621 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20250128 FILED AS OF DATE: 20250129 DATE AS OF CHANGE: 20250128 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: 25565948 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 ea0228902-6k_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 January 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 ☒ DOCUMENTS INCLUDED AS PART OF THIS FORM 6-K On January 28, 2025, 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), each as amended or supplemented. See the Exhibits listed below. Exhibits Exhibit No. Description 99.1 Material Change Report dated January 28, 2025 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: January 28, 2025 2 EX-99.1 2 ea022890201ex99-1_bitfarms.htm MATERIAL CHANGE REPORT DATED JANUARY 28, 2025 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 January 28, 2025 Item 3 News Release The press release attached as Schedule “A” was released on January 28, 2025 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 January 28, 2025. Schedule “A” Bitfarms Enters into a Binding LOI with HIVE Digital Technologies for the Sale of its Yguazu, Paraguay Site -Bitfarms to reinvest capital in US growth opportunities- -Accretive transaction values the completed site at ~$85 million and significantly reduces anticipated 2025 capital requirements- -Rebalances YE 2025 proforma energy portfolio to ~80% North American & 20% international- -Reduces expected average power costs by ~10%- This news release constitutes a “designated news release&r

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