Bitfarms Ltd 6-K Filing

From the Filing

0001213900-25-109562.txt : 20251113 0001213900-25-109562.hdr.sgml : 20251113 20251113072030 ACCESSION NUMBER: 0001213900-25-109562 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 8 CONFORMED PERIOD OF REPORT: 20251113 FILED AS OF DATE: 20251113 DATE AS OF CHANGE: 20251113 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: 251475395 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 ea0264186-6k_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 November 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 nine months ended September 30, 2025 99.2 Management’s Discussion & Analysis for the three and nine months ended September 30, 2025 99.3 CEO Certification of Interim Filings - Interim Certificate dated November 13, 2025 99.4 CFO Certification of Interim Filings - Interim Certificate dated November 13, 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: November 13, 2025 2 EX-99.1 2 ea026418601ex99-1_bitfarms.htm INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 Exhibit 99.1 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 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 15 5. Business Combination 16 6. Sale of the Yguazu Mining Site 19 7. Rights to renewable energy credits and waste tax credits 19 8. Digital Assets 20 9. Inventories 22 10. Derivative Assets and Liabilities 22 11. Assets Held for Sale 25 12. Property, Plant and Equipment 28 13. Long-term Deposits and Equipment Prepayments 30 14. Refundable Deposits 31 15. Investment in Associate 31 16. Trade Payables and Accrued Liabilities 32 17. Warrant Liabilities 33 18. Long-term Debt 35 19. Income Taxes 36 20. Share Capital 37 21. Financial Instruments 39 22. Discontinued Operations 42 23. Net Lo