BITFARMS LTD
BITF | TORONTO STOCK EXCHANGEBusiness Summary
Bitfarms Ltd. is a global vertically integrated Bitcoin data center company that contributes its computational power to one or more mining pools. It develops, owns, and operates vertically integrated mining facilities with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. Its proprietary data analytics system delivers operational performance and uptime. The Company operates through the cryptocurrency mining segment. The activities of the Company mainly consist of selling its computational power used for hashing calculations for the purpose of cryptocurrency mining in multiple jurisdictions. Volta, a wholly owned subsidiary of the Company, assists the Company in building and maintaining its data centers. It has about 12 operating Bitcoin data centers and two under development, as well as hosting agreements with two data centers, in four countries: Canada, the United States, Paraguay, and Argentina.
Country of Incorporation
Canada
Incorporation Date
2018-10-11
Business Sector
Financial Technology (Fintech) & Infrastructure
Company Address
110 Yonge Street, Suite 1601
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