Bitfarms Files Material Change Report with Canadian Regulators

Ticker: BITF · Form: 6-K · Filed: 2025-03-21T00:00:00.000Z

Sentiment: neutral

Topics: regulatory-filing, material-change, canada

Related Tickers: BITF

TL;DR

Bitfarms dropped a material change report in Canada on March 18th, affecting multiple SEC filings.

AI Summary

On March 18, 2025, Bitfarms Ltd. filed a material change report with Canadian securities regulators, including a press release. This report is incorporated by reference into several of Bitfarms' existing SEC registration statements, including those on Form F-10, Form S-8, and Form F-4.

Why It Matters

This filing indicates a significant update or change in the company's operations or financial status, which could impact investor decisions.

Risk Assessment

Risk Level: medium — Material change reports can signal significant operational or financial shifts, requiring investors to assess potential impacts.

Key Players & Entities

FAQ

What specific information was disclosed in the press release attached to the material change report?

The provided 6-K filing does not detail the specific contents of the press release, only that it was included as Exhibit 99.1 and incorporated by reference.

What is the significance of filing a 'material change report' in Canada?

A material change report is required to promptly disclose any information that would reasonably be expected to have a significant effect on the market price or value of the issuer's securities.

Which SEC registration statements are affected by this filing?

The filing states that the material change report is incorporated by reference into Bitfarms' registration statements on Form F-10 (File No. 333-272989), Form S-8 (File No. 333-278868 and File No. 333-285894), and Form F-4.

What is the purpose of filing a Form 6-K with the SEC?

A Form 6-K is filed by foreign private issuers to provide 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.

When was the material change report filed with Canadian authorities?

The material change report was filed on March 18, 2025.

From the Filing

0001213900-25-025700.txt : 20250321 0001213900-25-025700.hdr.sgml : 20250321 20250320215345 ACCESSION NUMBER: 0001213900-25-025700 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20250320 FILED AS OF DATE: 20250321 DATE AS OF CHANGE: 20250320 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: 25758378 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 ea023512001-6k_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 March 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 x DOCUMENTS INCLUDED AS PART OF THIS FORM 6-K On March 18, 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 File No. 333-285894 ) and Form F-4 (File No. 333-282657), each as amended or supplemented. On March 19, 2025, the Registrant filed with the Canadian Securities Regulatory Authorities on SEDAR + a press release, a copy of which is attached hereto as Exhibit 99.2, which is incorporated herein by reference. See the Exhibits listed below. Exhibits Exhibit No. Description 99.1 Material Change Report dated March 18, 2025 99.2 Press release dated March 19, 2025 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: March 20, 2025 EX-99.1 2 ea023512001ex99-1_bitfarms.htm MATERIAL CHANGE REPORT 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 March 18, 2025 Item 3 News Release The press release attached as Schedule “A” was released on March 18, 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 March 18, 2025. Schedule “A” Bitfarms Completes Strategic Sale of its Yguazu, Paraguay Data Center -Accretive transaction valued at approximately U.S. $85 million- -Bitfarms to reinvest capital in U.S. growth opportunities- This news release constitutes a “designated news release” for the purposes of

View on Read The Filing