Bitfarms Ltd. reported Q3 financial results with $69 million in revenue from continuing operations and $14 million from discontinued operations. They closed a $588 million convertible notes offering and plan to convert their Washington site to support GB300s with liquid cooling for HPC/AI workloads. The company has $814 million in liquidity and is well-positioned for future growth.

CEO Ben Gagnon highlighted plans to advance infrastructure for Nvidia’s Vera Rubin GPUs, which are expected to ship in Q4 2026. Bitfarms aims to lead in Vera Rubin infrastructure development and capitalize on higher demand in 2027. With a focus on HPC/AI, they plan to build out infrastructure to power the future economy.

CFO Jonathan Mir detailed financial activities, including a $588 million convertible notes offering and a project-specific financing for the Panther Creek campus. Bitfarms has substantial liquidity of $814 million and plans to advance HPC/AI infrastructure at various sites across North America. They are well-positioned for growth and development.

Bitfarms announced plans to convert their Washington site for HPC/AI workloads and expand power capacity at Panther Creek and Sharon sites. They acquired the Sharon property, committed to HPC/AI infrastructure, and are progressing with their Macquarie financing facility for development. The company is strategically shifting focus to North American projects.

Bitfarms reported $69 million in revenue from continuing operations in Q3 2025, up 156% Y/Y, with an adjusted EBITDA of $20 million. Their mining fleet remains efficient, generating cash flow, with plans to support Nvidia’s next-gen GPUs. The company has a strong financial position and is actively pursuing growth opportunities in North America.

Read more at GlobeNewswire: Bitfarms Reports Third Quarter 2025 Results