Bitfarms

Bitfarms is one of the largest public bitcoin mining operations in the world and is listed on the TSX-V.

Bitfarms operates blockchain computing centres that power the global decentralized financial economy.

Bitfarms was founded in 2017 by Emiliano Grodzki and Mathieu Vachon. The company is headquartered in Brossard, Quebec, Canada. Bitfarms has five industrial scale facilities across Quebec, Canada.

 

Bitfarms provides computing power to cryptocurrency networks such as Bitcoin, earning fees from each network for securing and processing transactions. Powered by clean and competitively priced hydroelectricity,

 

Bitfarms has a diversified production platform with five industrial scale facilities located in Québec and one in Washington state. Each facility is over 99% powered with environmentally friendly hydro power and secured with long-term power contracts.

 

Bitfarms is responsible for infrastructure activities of approximately 1% of the entire Bitcoin mining industry and daily Bitcoin mined.

 

Bitfarms is backed by Galaxy Digital LLC, DC BFL SPV, Dominion Capital, and others. The company secured a $100M in credit facility on Dec 31, 2021. This brings Bitfarm's total funding to $250M to date.

 

 

  • Year founded: 2017
  • Funding Info: $250M over 6 Rounds (Latest Funding Type: Debt)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Brossard
  • State: Quebec
  • Country: Canada
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