Bitfarms files updated prospectus, raises capital for operations through equity program

From GlobeNewswire: 2024-12-17 19:30:22

Bitfarms Ltd. (Nasdaq/TSX: BITF) has filed a second amended and restated prospectus supplement, updating financial statements related to its merger with Stronghold Digital Mining, Inc. The company has an at-the-market equity program with US$87 million remaining. Proceeds from the program will be used for capital expenditures and general corporate purposes. To date, Bitfarms has distributed 128,888,346 Common Shares for gross proceeds of approximately US$288 million. The Common Shares are distributed at prevailing trading prices. The offer and sale of Common Shares will be made through the Second A&R Prospectus included in the U.S. registration statement on Form F-10.

Bitfarms, a global Bitcoin data center company, develops and operates mining facilities in four countries. The company is committed to using environmentally friendly energy sources for its operations. The trading of Bitfarms’ securities is considered highly speculative, and forward-looking statements have been made regarding the company’s financial activities and potential risks. Investors are urged to review the Company’s filings for more information on potential risks and uncertainties. For further details, contact Bitfarms’ Investor Relations or Media Contacts.



Read more at GlobeNewswire: Bitfarms Files Second Amended and Restated Prospectus