Bitfarms Ltd.

Bitfarms Ltd., founded in 2017 and headquartered in Toronto, Canada, is a leading global Bitcoin mining company that has expanded its operations to include high-performance computing (HPC) and artificial intelligence (AI) infrastructure. The company owns and operates 13 data centers across Canada, the United States, Paraguay, and Argentina, boasting an energized capacity of 400 megawatts. Bitfarms’ vertically integrated model encompasses in-house electrical engineering, installation, and maintenance teams, as well as proprietary monitoring systems, allowing for optimized efficiency and control over its operations. ([bitfarms.com](https://bitfarms.com/?utm_source=openai))

Committed to sustainability, Bitfarms utilizes over 75% renewable energy sources, primarily hydroelectric power, to power its mining operations. This focus on green energy not only reduces operational costs but also aligns with global efforts to minimize the environmental impact of cryptocurrency mining. ([old.bitfarms.com](https://old.bitfarms.com/company/?utm_source=openai))

In response to the evolving digital landscape, Bitfarms announced in 2025 a strategic shift towards AI infrastructure. The company plans to repurpose its existing data centers to support AI processing, aiming to fully transition away from cryptocurrency mining by 2027. This pivot positions Bitfarms to capitalize on the growing demand for AI services while mitigating the volatility associated with the cryptocurrency market. ([tomshardware.com](https://www.tomshardware.com/tech-industry/cryptomining/major-bitcoin-mining-firm-pivoting-to-ai-plans-to-fully-abandon-crypto-mining-by-2027-bitfarm-to-leverage-341-megawatt-capacity-for-ai-following-usd46-million-q3-loss?utm_source=openai))

As a publicly traded entity, Bitfarms is listed on both the Toronto Stock Exchange (TSX) and the Nasdaq Stock Market under the ticker symbol ‘BITF’. This dual listing provides the company with access to a broad investor base and underscores its commitment to transparency and regulatory compliance. ([investor.bitfarms.com](https://investor.bitfarms.com/company-information/faq?utm_source=openai))