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Bitfarms Welcomes Buyers to Meet the Administration Staff and

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– Analyst and Institutional Investor Day Options Senior Administration Displays –

TORONTO, Ontario and BROSSARD, Québec, Might 26, 2022 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), an industry-leading world Bitcoin self-mining firm, will host an Analyst and Institutional Investor Day on June 22, 2022, each on-line and in-person in Montreal. Attendees will see Bitcoin being mined in real-time and expertise first-hand why Bitfarms is likely one of the best-run miners within the {industry}.

The webcast portion of the occasion will start at 8:00 AM ET and wrap up round 9:15 AM ET. In-person attendees will then embark on a tour of Bitfarms’ largest state-of-the-art services, The Bunker and Leger. The tour will finish by 4:00 PM ET with attendees dropped off on the airport.

Founder and Govt Chairman Nicolás Bonta and Founder and CEO Emiliano Grodzki will kick off the occasion and introduce the senior administration group. President and Chief Working Officer Geoff Morphy will lead the shows by the person managers adopted by an interactive Q&A session. The shows will tackle subjects overlaying Bitfarms’ world operations and be led by the next senior executives:

  • Strategic progress and execution – Geoff Morphy, President and COO
  • Industrial scale services – Benoit Gobeil, Senior Vice President, Operations and Infrastructure
  • Miner fleet and optimization – Ben Gagnon, Chief Mining Officer
  • Latin American enterprise and alternatives – Damian Luis Polla, Common Supervisor, Latin America Operations
  • Development and growth prospects – Philippe Fortier, Vice President, Particular Tasks
  • Financing technique – Jeff Lucas, Chief Monetary Officer

In-person attendance requires superior registration and is out there by invitation. For extra data, events could contact LHA Investor Relations at [email protected]

Webcast Registration for the Occasion

A webcast of the occasion, together with supporting supplies, shall be out there on the corporate’s Investor Relations web site at Bitfarms IR Events. events could register for the webcast prematurely right here:

Webcast Registration – Bitfarms Analyst & Institutional Investor Day

A replay of the webcast and associated presentation supplies shall be made out there following the conclusion of the occasion.

About Bitfarms Ltd.

Based in 2017, Bitfarms is a world Bitcoin self-mining firm, working vertically built-in mining operations with onsite technical restore, proprietary knowledge analytics and Firm-owned electrical engineering and set up providers to ship excessive operational efficiency and uptime.

Having demonstrated speedy progress and stellar operations, Bitfarms turned the primary Bitcoin mining firm to finish its lengthy type prospectus with the Ontario Securities Fee and began buying and selling on the TSX-V in July 2019. On February 24, 2021, Bitfarms was honoured to be introduced as a Rising Star by the TSX-V. On June 21, 2021, Bitfarms began buying and selling on the Nasdaq Inventory Market. On February 24, 2022, the Firm was additional honoured by the TSX-V as Enterprise 50 Winner, inserting first within the Know-how sector. On April 8, 2022, Bitfarms up-listed from the TSX-V to the TSX.

Operationally, Bitfarms has a diversified manufacturing platform with seven industrial scale services situated in Québec, one in Washington state, and one in Paraguay. Every facility is over 99% powered with environmentally pleasant hydro energy and secured with long-term energy contracts. Bitfarms is presently the one publicly traded pure-play mining firm audited by a Huge 4 accounting agency.

To be taught extra about Bitfarms’ occasions, developments, and on-line communities:

Web site: www.bitfarms.com

https://www.facebook.com/bitfarms/
https://twitter.com/Bitfarms_io
https://www.instagram.com/bitfarms/
https://www.linkedin.com/company/bitfarms/

Cautionary Assertion

Buying and selling within the securities of the Firm needs to be thought-about extremely speculative. No inventory alternate, securities fee or different regulatory authority has accredited or disapproved the knowledge contained herein. Neither the Toronto Inventory Change, Nasdaq, or every other securities alternate or regulatory authority accepts accountability for the adequacy or accuracy of this launch.

Ahead-Trying Statements

This information launch comprises sure “forward-looking data” and “forward-looking statements” (collectively, “forward-looking data”) which are based mostly on expectations, estimates and projections as on the date of this information launch and are lined by secure harbors beneath Canadian and United States securities legal guidelines. The data on this launch relating to expectations in respect to the success of Bitfarms and about different future plans and targets of the Firm are forward-looking data. Different forward-looking data consists of, however just isn’t restricted to, data regarding: the intentions, plans and future actions of the Firm, in addition to Bitfarms’ capacity to efficiently mine digital forex, income rising as presently anticipated, the power to profitably liquidate present and future digital forex stock, volatility of community problem and digital forex costs and the potential ensuing vital unfavourable affect on the Firm’s operations, the development and operation of expanded blockchain infrastructure as presently deliberate, and the regulatory setting for cryptocurrency within the relevant jurisdictions.

Any statements that contain discussions with respect to predictions, expectations, beliefs, plans, projections, targets, assumptions, future occasions or efficiency (usually however not at all times utilizing phrases akin to “expects”, or “doesn’t anticipate”, “is predicted”, “anticipates” or “doesn’t anticipate”, “plans”, “funds”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such phrases and phrases or stating that sure actions, occasions or outcomes “could” or “may”, “would”, “may” or “will” be taken to happen or be achieved) usually are not statements of historic reality and could also be forward-looking data and are supposed to establish forward-looking data.

This forward-looking data relies on assumptions and estimates of administration of the Firm on the time they have been made, and includes identified and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of the Firm to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking data. Such components embrace, amongst others, dangers referring to: the worldwide financial local weather; dilution; the Firm’s restricted working historical past; future capital wants and uncertainty of extra financing, together with the Firm’s capacity to make the most of the Firm’s at-the-market providing (the “ATM Program”) and the costs at which the Firm could promote Frequent Shares within the ATM Program, in addition to capital market situations basically; dangers referring to the technique of sustaining and rising Bitcoin holdings and the affect of depreciating Bitcoin costs on working capital; the aggressive nature of the {industry}; forex alternate dangers; the necessity for the Firm to handle its deliberate progress and growth; the consequences of product growth and wish for continued expertise change; the power to take care of dependable and economical sources of energy to run its cryptocurrency mining property; the affect of power curtailment or regulatory adjustments within the power regimes within the jurisdictions during which the Firm operates; safety of proprietary rights; the impact of presidency regulation and compliance on the Firm and the {industry}; community safety dangers; the power of the Firm to take care of correctly working techniques; reliance on key personnel; world financial and monetary market deterioration impeding entry to capital or rising the price of capital; share dilution ensuing from the ATM Program and from different fairness issuances; and risky securities markets impacting safety pricing unrelated to working efficiency. As well as, explicit components that would affect future outcomes of the enterprise of Bitfarms embrace, however usually are not restricted to: the development and operation of services could not happen as presently deliberate, or in any respect; growth could not materialize as presently anticipated, or in any respect; the digital forex market; the power to efficiently mine digital forex; income could not enhance as presently anticipated, or in any respect; it is probably not doable to profitably liquidate the present digital forex stock, or in any respect; a decline in digital forex costs could have a big unfavourable affect on operations; a rise in community problem could have a big unfavourable affect on operations; the volatility of digital forex costs; the anticipated progress and sustainability of hydroelectricity for the needs of cryptocurrency mining within the relevant jurisdictions; the lack to take care of dependable and economical sources of energy for the Firm to function cryptocurrency mining property; the dangers of a rise within the Firm’s electrical energy prices, value of pure gasoline, adjustments in forex alternate charges, power curtailment or regulatory adjustments within the power regimes within the jurisdictions during which the Firm operates and the opposed affect on the Firm’s profitability; the power to finish present and future financings, any laws or legal guidelines that can stop Bitfarms from working its enterprise; historic costs of digital currencies and the power to mine digital currencies that shall be in keeping with historic costs; an incapability to foretell and counteract the consequences of COVID-19 on the enterprise of the Firm, together with however not restricted to the consequences of COVID-19 on the worth of digital currencies, capital market situations, restriction on labour and worldwide journey and provide chains; and, the adoption or growth of any regulation or regulation that can stop Bitfarms from working its enterprise, or make it extra expensive to take action. For additional data regarding these and different dangers and uncertainties, consult with the Firm’s filings on www.SEDAR.com (that are additionally out there on the web site of the U.S. Securities and Change Fee at www.sec.gov), together with the annual data type for the year-ended December 31, 2021, filed on March 28, 2022. The Firm has additionally assumed that no vital occasions happen outdoors of Bitfarms’ regular course of enterprise. Though the Firm has tried to establish vital components that would trigger precise outcomes to vary materially from these expressed in forward-looking statements, there could also be different components that trigger outcomes to not be as anticipated, estimated or supposed. There might be no assurance that such statements will show to be correct as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on any forward-looking data. The Firm undertakes no obligation to revise or replace any forward-looking data apart from as required by regulation.

Contacts

Investor Relations:

LHA Investor Relations
David Barnard
+1 415-433-3777
[email protected]

US Media:

YAP International
Mia Grodsky, Account Govt
[email protected]

Québec Media:

Ryan Affaires publiques
Valérie Pomerleau, Public Affairs and Communications
[email protected]




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