Bitfarms Ltd. is a major Canadian Bitcoin mining operator founded in 2017. The company operates vertically integrated data centers in Canada, the United States, Argentina, and Paraguay, powering over 75% of its operations with clean hydroelectric power. Bitfarms designs, owns, and operates its mining farms, including its own engineering and installation services, as well as on-site technical repair centers.
The company is actively expanding its capacity: in 2024, it acquired Stronghold Digital Mining, increasing its energy capacity to 623 MW and securing a strategic presence in the US market. Bitfarms is also considering converting some of its facilities into data centers for high-performance computing and artificial intelligence, which opens up new business opportunities.
In February 2025, Bitfarms reached a hashrate of 16.1 EH/s, an increase of 6% compared to the previous month, and mined 213 BTC, an increase of 6% compared to January. The company continues to invest in hardware upgrades and energy optimization in an effort to improve the efficiency of its operations.
Bitfarms is also actively managing its cryptocurrency asset: in December 2024, the company sold 147 BTC for $14.3 million and increased its reserves to 934 BTC, which corresponds to $87.8 million at a price of $94,000 per BTC.
The company continues to develop its projects and strengthen its position in the market by participating in various conferences and events, such as the Needham Growth Conference and ROTH Conference in 2025.
