Bitfarms Ltd. Files Interim Financials and MD&A

Ticker: BITF · Form: 6-K · Filed: 2025-08-12T00:00:00.000Z

Sentiment: neutral

Topics: financials, reporting, sec-filing

TL;DR

Bitfarms dropped its Q2 financials, check the MD&A for the deets.

AI Summary

Bitfarms Ltd. filed a Form 6-K on August 12, 2025, reporting its interim condensed consolidated financial statements and management's discussion and analysis for the periods ending June 30, 2025. These documents are incorporated by reference into their Form F-10 and Form S-8 registration statements.

Why It Matters

This filing provides investors with updated financial performance and operational insights for Bitfarms Ltd. during the first half of 2025.

Risk Assessment

Risk Level: low — This is a routine financial filing and does not introduce new risks.

Key Players & Entities

FAQ

What specific financial periods do the included interim condensed consolidated financial statements cover?

The interim condensed consolidated financial statements cover the three and six months ended June 30, 2025.

What is the Commission File Number for Bitfarms Ltd.?

The Commission File Number for Bitfarms Ltd. is 001-40370.

Which registration statements are the exhibits from this 6-K incorporated into?

Exhibits 99.1 and 99.2 are incorporated by reference into Bitfarms Ltd.'s Registration Statements on Form F-10 (File No. 333-272989) and Form S-8 (File No. 333-278868 and File No. 333-285894).

What is the principal executive office address for Bitfarms Ltd.?

The principal executive office address for Bitfarms Ltd. is 110 Yonge Street, Suite 1601, Toronto, Ontario, Canada M5C 1T4.

Does Bitfarms Ltd. file annual reports under Form 20-F or Form 40-F?

Bitfarms Ltd. files annual reports under Form 40-F.

From the Filing

0001213900-25-074626.txt : 20250812 0001213900-25-074626.hdr.sgml : 20250812 20250812074706 ACCESSION NUMBER: 0001213900-25-074626 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20250812 FILED AS OF DATE: 20250812 DATE AS OF CHANGE: 20250812 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Bitfarms Ltd CENTRAL INDEX KEY: 0001812477 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets EIN: 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: 251204070 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 ea0251916-6k_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 August 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 Exhibits 99.1 and 99.2 shall be deemed to be incorporated by reference as exhibits to the Registration Statements of Bitfarms Ltd. on Form F-10 (File No. 333-272989) and Form S-8 (File No. 333-278868 and File No. 333-285894 ). See the Exhibits listed below. Exhibits Exhibit No. Description 99.1 Interim Condensed Consolidated Financial Statements for the three and six months ended June 30, 2025 99.2 Management’s Discussion & Analysis for the three and six months ended June 30, 2025 99.3 CEO Certification of Interim Filings - Interim Certificate dated August 12, 2025 99.4 CFO Certification of Interim Filings - Interim Certificate dated August 12, 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: August 12, 2025 2 EX-99.1 2 ea025191601ex99-1_bitfarms.htm INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025 AND 2024 Exhibit 99.1 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025 AND 2024 (Expressed in thousands of U.S. dollars - unaudited) BITFARMS LTD. TABLE OF CONTENTS Financial Statements (unaudited) Interim Consolidated Statements of Financial Position 3 Interim Consolidated Statements of Profit or Loss and Comprehensive Profit or Loss 4 Interim Consolidated Statements of Changes in Equity 5 Interim Consolidated Statements of Cash Flows 6 Notes to the Interim Condensed Consolidated Financial Statements (unaudited) 1. Nature of Operations 7 2. Liquidity 8 3. Basis of Presentation and Material Accounting Policy Information 9 4. Significant Accounting Judgments and Estimates 14 5. Business Combination 15 6. Sale of the Yguazu Mining Site 18 7 Rights to energy credits 18 8. Digital Assets 19 9. Inventories 21 10. Derivative Assets and Liabilities 21 11. Assets Held for Sale 24 12. Impairment 25 13. Property, Plant and Equipment 27 14. Long-term Deposits and Equipment Prepayments 28 15. Refundable Deposits 29 16. Investment in Associate 30 17. Trade Payables and Accrued Liabilities 30 18. Warrant Liabilities 30 19. Long-term Debt 32 20. Income Taxes 34 21. Share Capital 34 22. Financial Instruments 36 23. Net Loss Per Share 39 24. Share-based Payments 39 25. Additional Details to

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