Bitfarms Files Material Change Report with Canadian Regulators

Ticker: BITF · Form: 6-K · Filed: 2025-02-04T00:00:00.000Z

Sentiment: neutral

Topics: regulatory-filing, material-change, canada

TL;DR

Bitfarms dropped a material change report on SEDAR+ Feb 3rd, check the filings.

AI Summary

On February 3, 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' SEC registration statements, including Form F-10 (File No. 333-272989), Form S-8 (File No. 333-278868), and Form F-4.

Why It Matters

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

Risk Assessment

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

Key Numbers

Key Players & Entities

FAQ

What specific information was disclosed in the material change report filed on February 3, 2025?

The filing indicates that the material change report includes a press release, but the content of the press release itself is not detailed within this Form 6-K document.

Which SEC registration statements will incorporate the press release filed on February 3, 2025?

The press release 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 purpose of filing a Form 6-K?

A Form 6-K is used by foreign private issuers to report information that they have made or are required to make public pursuant to the laws of their home country or that they have filed or will file with a stock exchange.

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 Bitfarms Ltd.'s principal executive office address?

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

From the Filing

0001213900-25-009654.txt : 20250204 0001213900-25-009654.hdr.sgml : 20250204 20250203214908 ACCESSION NUMBER: 0001213900-25-009654 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20250203 FILED AS OF DATE: 20250204 DATE AS OF CHANGE: 20250203 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: 25584884 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 ea0229410-6k_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 February 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 February 3, 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 February 3, 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: February 3, 2025 2 EX-99.1 2 ea022941001ex99-1_bitfarms.htm MATERIAL CHANGE REPORT DATED FEBRUARY 3, 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 February 3 2025 Item 3 News Release The press release attached as Schedule “A” was released on February 3 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 February 3 2025 Schedule “A” Bitfarms Provides January 2025 Production and Operations Update - Operational hashrate of 15.2 EH/s – -Energized two North American sites, Sharon PA & Baie-Comeau QC- -Binding LOI with HIVE for sale of 200 MW Yguazu site; Expected Q1 2025 close- - Acquisition of Stronghold Digital Mining on track for Q1 2025 close – -Signed agreements with ASG and WWT to develop HPC/AI business- This news release constitutes a “designated news release” for the purposes of the Company&rsqu

View on Read The Filing