<SEC-DOCUMENT>0001213900-25-027244.txt : 20250401
<SEC-HEADER>0001213900-25-027244.hdr.sgml : 20250401
<ACCEPTANCE-DATETIME>20250401170604
ACCESSION NUMBER:		0001213900-25-027244
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20250401
FILED AS OF DATE:		20250401
DATE AS OF CHANGE:		20250401

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Bitfarms Ltd
		CENTRAL INDEX KEY:			0001812477
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		ORGANIZATION NAME:           	09 Crypto Assets
		EIN:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40370
		FILM NUMBER:		25800719

	BUSINESS ADDRESS:	
		STREET 1:		110 YONGE STREET
		STREET 2:		SUITE 1601
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5C 1T4
		BUSINESS PHONE:		647-259-1790

	MAIL ADDRESS:	
		STREET 1:		110 YONGE STREET
		STREET 2:		SUITE 1601
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5C 1T4
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ea0236511-6k_bitfarms.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">UNITED
STATES</FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Washington,
D.C. 20549</B></FONT></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B></B></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FORM
6-K</FONT></P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>REPORT
OF FOREIGN PRIVATE ISSUER <BR>
PURSUANT TO RULE 13a-16 OR 15d-16</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UNDER
THE SECURITIES EXCHANGE ACT OF 1934</B></FONT></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>For
the month of April 2025</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B></B></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Commission
File Number: 001-40370</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B></B></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BITFARMS
LTD.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Translation
of registrant&rsquo;s name into English)</FONT></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>110
Yonge Street, Suite 1601, Toronto, Ontario, Canada M5C 1T4</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Address
of principal executive offices)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 48.95pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 48.95pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 48.95pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.6pt 0pt 8pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form
20-F &#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F &#9746;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 48.85pt 0pt 48.95pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>DOCUMENTS
INCLUDED AS PART OF THIS FORM 6-K</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 1, 2025, the Registrant filed with the Canadian Securities Regulatory
Authorities on the System for Electronic Data Analysis and Retrieval + (SEDAR +) a press release, a copy of which is attached hereto as
Exhibit 99.1. Exhibit 99.1 is hereby incorporated by reference into the Registration Statement of Bitfarms Ltd. on Form
F-10 (File No. <A HREF="http://www.sec.gov/Archives/edgar/data/1812477/000121390023052498/0001213900-23-052498-index.htm">333-272989</A>), as amended or supplemented.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">See
the Exhibits listed below.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 9%; padding: 0.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibits</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 90%; padding: 0.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit&nbsp;No.</FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Description</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ea023651101ex99-1_bitfarms.htm">Press release dated April 1, 2025</A></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 48.9pt 0pt 48.95pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 48.9pt 0pt 48.95pt; text-align: center"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 48.9pt 0pt 48.95pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 48.9pt 0pt 48.95pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SIGNATURE</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>BITFARMS LTD.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding: 0.25pt 0.25pt 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Ben Gagnon</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.25pt; width: 60%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0.25pt; width: 4%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0.25pt; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="padding: 0.25pt; width: 31%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Ben Gagnon</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="padding: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Chief Executive Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date:
April 1, 2025</FONT></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ea023651101ex99-1_bitfarms.htm
<DESCRIPTION>PRESS RELEASE DATED APRIL 1, 2025
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; background-color: white"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><IMG SRC="ex99-1_001.jpg" ALT="" STYLE="width: 275px; height: 46px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Bitfarms Provides March
2025 Production and Operations Update </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">- Operational hashrate of 19.5 EHuM and fleet efficiency
of 19 w/TH&ndash;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">-Completes acquisition of Stronghold Digital Mining
&amp; sale of Yguazu, Paraguay data center-</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">-Appoints two new key HPC/AI and Infrastructure
Executives-</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>This news release constitutes a &ldquo;designated news release&rdquo;
for the purposes of the Company&rsquo;s second amended and restated prospectus supplement dated December 17, 2024, to its short form base
shelf prospectus dated November 10, 2023.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: -0.7pt"><B>Toronto, Ontario (April
1, 2025)</B> - Bitfarms Ltd. (NASDAQ/TSX: BITF), a global energy and compute infrastructure company, today issued its latest monthly production
report. All financial references are in U.S. dollars.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: -0.7pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">CEO Ben Gagnon stated, &ldquo;March was a very
productive month for Bitfarms. We successfully closed both our transformative acquisition of Stronghold Digital Mining, the largest M&amp;A
deal between two public miners in our industry, and the strategic sale of our 200 MW Yguazu data center. Through these transactions, we
have rebalanced our portfolio to the U.S. where we expect to achieve greater yields per MW, reduced our average cost of power across our
portfolio, minimized our 2025 capex requirements, and secured highly desirable sites that will enable us to diversify beyond Bitcoin mining
into HPC/AI and energy generation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;In addition, we advanced our HPC/AI strategy
with both the appointments of James Bond, SVP of HPC, and Craig Hibbard, SVP of Infrastructure, and the continued evaluation of our three
Pennsylvania sites for potential HPC conversion. Initial studies from our strategic partners confirmed that all three sites are well-suited:
they are strategically located near other data center campuses and peering hubs and they have the necessary power, land and fiber infrastructure
to support HPC. We expect to receive full, detailed feasibility studies in Q2. With the steps we&rsquo;ve taken in Q1, we now have the
properties, internal team, and strategic engineering and marketing advisors in place, taking a holistic approach to advancing our HPC/AI
business.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">SVP of Global Mining Operations Alex Brammer said,
&ldquo;During March we grew our operational hashrate 21% to 19.5 EHuM and reached our Q2 efficiency target of 19 w/TH three months ahead
of schedule. Our energy portfolio is now larger and more efficient, with stronger operating economics and significant U.S. growth potential.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>March 2025 Select Operating Highlights</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">Key Performance Indicators</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">March <BR>
2025<BR>
 (proforma)</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">February <BR>
2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%; text-align: justify">Total BTC earned</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">280</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">213</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Month End Operating EHuM</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16.1</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify">BTC/Avg. EH/s</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Average Operating EHuM</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.4</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify">Energized Capacity (MW)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">461</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">437</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Watts/Terahash Efficiency (w/TH)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  </TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">19.5 EHuM operational at March 31, 2025, up 21% M/M.</FONT></TD></TR>
                                                                                                                                                                                                                                            </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">16.4 EHuM average operational, up 22% M/M. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">17 BTC/average EHuM, 6% higher M/M.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">280 BTC earned on a proforma basis, 31% higher M/M.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">9.0 BTC earned daily on average, equal to ~$738,000 per day based on a BTC
price of $82,000 at March 31, 2025.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>March 2025 Financial Update</U></B></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Total liquidity of $132 million, including approximately
$39 million in cash at March 31, 2025.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Treasury of 1,140 BTC, down from 1,260 BTC last
month and representing $93.4 million based on the Bitcoin price of $82,000 at March 31, 2025.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.55pt; text-align: justify; text-indent: -0.55pt; background-color: #FEFEFE"><B>About
Bitfarms Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.55pt; text-align: justify; text-indent: -0.55pt; background-color: #FEFEFE"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Founded in 2017, Bitfarms is a global energy and
compute infrastructure company that develops, owns, and operates vertically integrated energy generation and data centers. Bitfarms currently
has 15 operating data centers situated in four countries: the United States, Canada, Argentina and Paraguay.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.55pt; text-align: justify; text-indent: -0.55pt; background-color: #FEFEFE">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.55pt; text-align: justify; text-indent: -0.55pt; background-color: #FEFEFE">To
learn more about Bitfarms&rsquo; events, developments, and online communities:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.55pt; text-align: justify; text-indent: -0.55pt; background-color: #FEFEFE">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> www.bitfarms.com</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.55pt; text-align: justify; text-indent: -0.55pt; background-color: #FEFEFE">https://www.facebook.com/bitfarms/<BR>
https://x.com/Bitfarms_io<BR>
https://www.instagram.com/bitfarms/<BR>
https://www.linkedin.com/company/bitfarms/</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.55pt; text-align: justify; text-indent: -0.55pt; background-color: #FEFEFE">&nbsp;</P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.55pt; text-align: justify; background-color: #FEFEFE"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.55pt; text-align: justify; text-indent: -0.55pt; background-color: #FEFEFE">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE"><B><I>Glossary of Terms</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE"><B><I>&nbsp;</I></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Y/Y or M/M= year over year or month over month</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: #FEFEFE"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>BTC or BTC/day = Bitcoin or Bitcoin per day</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in; background-color: #FEFEFE">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: #FEFEFE"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>EH or EH/s = Exahash or exahash per second</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>EHuM = Exahash Under Management, which includes Bitfarms&rsquo; proprietary
hashrate and hashrate being hosted by Bitfarms for third-party hosting clients </I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE"><B></B><P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: #FEFEFE"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>MW or MWh = Megawatts or megawatt hour</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in; background-color: #FEFEFE">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: #FEFEFE"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>GW or GWh= Gigawatts or gigawatt hour</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in; background-color: #FEFEFE">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: #FEFEFE"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>w/TH = Watts/Terahash efficiency (includes cost of powering supplementary
equipment)</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in; background-color: #FEFEFE"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>HPC/AI = High Performance Computing / Artificial
Intelligence</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in; background-color: white"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Energized capacity= Power available </I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE"><B><I></I>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE"><B><I>Forward-Looking
Statements</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE"><I>This news release
contains certain &ldquo;forward-looking information&rdquo; and &ldquo;forward-looking statements&rdquo; (collectively, &ldquo;forward-looking
information&rdquo;) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe
harbors under Canadian and United States securities laws. The statements and information in this release regarding the benefits of the
acquisition of Stronghold Digital Mining, Inc., the ability to enhance the business of the Company through adding additional human resources
to HPC/AI strategies, its revenue diversification strategy, the North American energy and compute infrastructure strategy, opportunities
relating to the potential of the Company&rsquo;s data centers for HPC/AI opportunities, the merits and ability to secure long-term contracts
associated with HPC/AI customers, the success of the Company&rsquo;s HPC/AI strategy in general and its ability to capitalize on growing
demand for AI computing while securing predictable cash flows, the Company&rsquo;s energy pipeline and its anticipated megawatt growth,
the Company&rsquo;s ability to drive greater shareholder value, projected growth, target hashrate, and other statements regarding future
growth, plans and objectives of the Company are forward-looking information. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE"><I>Any statements that
involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or
performance (often but not always using phrases such as &ldquo;expects&rdquo;, or &ldquo;does not expect&rdquo;, &ldquo;is expected&rdquo;,
&ldquo;anticipates&rdquo; or &ldquo;does not anticipate&rdquo;, &ldquo;plans&rdquo;, &ldquo;budget&rdquo;, &ldquo;scheduled&rdquo;, &ldquo;forecasts&rdquo;,
&ldquo;estimates&rdquo;, &ldquo;prospects&rdquo;, &ldquo;believes&rdquo; or &ldquo;intends&rdquo; or variations of such words and phrases
or stating that certain actions, events or results &ldquo;may&rdquo; or &ldquo;could&rdquo;, &ldquo;would&rdquo;, &ldquo;might&rdquo;
or &ldquo;will&rdquo; be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE"></P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE"><I>This forward-looking
information is based on assumptions and estimates of management of Bitfarms at the time they were made, and involves known and unknown
risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Bitfarms to be materially different
from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors, risks and
uncertainties include, among others: an inability to successfully integrate the business of Stronghold Digital Mining, Inc. as contemplated,
or at all; an inability to apply the Company&rsquo;s data centers to HPC/AI opportunities on a profitable basis; a failure to secure long-term
contracts associated with HPC/AI customers on terms which are economic or at all; the construction and operation of new facilities may
not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; new
miners may not perform up to expectations; revenue may not increase as currently anticipated, or at all; the ongoing ability to successfully
mine digital currency is not assured; failure of the equipment upgrades to be installed and operated as planned; the availability of additional
power may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the power purchase
agreements and economics thereof may not be as advantageous as expected; potential environmental cost and regulatory penalties due to
the operation of the former Stronghold plants which entail environmental risk and certain additional risk factors particular to the former
business and operations of Stronghold including, land reclamation requirements may be burdensome and expensive, changes in tax credits
related to coal refuse power generation could have a material adverse effect on the business, financial condition, results of operations
and future development efforts, competition in power markets may have a material adverse effect on the results of operations, cash flows
and the market value of the assets, the business is subject to substantial energy regulation and may be adversely affected by legislative
or regulatory changes, as well as liability under, or any future inability to comply with, existing or future energy regulations or requirements,
the operations are subject to a number of risks arising out of the threat of climate change, and environmental laws, energy transitions
policies and initiatives and regulations relating to emissions and coal residue management, which could result in increased operating
and capital costs and reduce the extent of business activities, operation of power generation facilities involves significant risks and
hazards customary to the power industry that could have a material adverse effect on our revenues and results of operations, and there
may not have adequate insurance to cover these risks and hazards, employees, contractors, customers and the general public may be exposed
to a risk of injury due to the nature of the operations, limited experience with carbon capture programs and initiatives and dependence
on third-parties, including consultants, contractors and suppliers to develop and advance carbon capture programs and initiatives, and
failure to properly manage these relationships, or the failure of these consultants, contractors and suppliers to perform as expected,
could have a material adverse effect on the business, prospects or operations; the digital currency market; the ability to successfully
mine digital currency; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in
digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant
negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of hydroelectricity
for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of
power to operate cryptocurrency mining assets; the risks of an increase in electricity costs, cost of natural gas, changes in currency
exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which Bitfarms operates and the
potential adverse impact on profitability; future capital needs and the ability to complete current and future financings, including Bitfarms&rsquo;
ability to utilize an at-the-market offering program ( &ldquo;ATM Program&rdquo;) and the prices at which securities may be sold in such
ATM Program, as well as capital market conditions in general; share dilution resulting from an ATM Program and from other equity issuances;
volatile securities markets impacting security pricing unrelated to operating performance; the risk that a material weakness in internal
control over financial reporting could result in a misstatement of financial position that may lead to a material misstatement of the
annual or interim consolidated financial statements if not prevented or detected on a timely basis; risks related to the Company ceasing
to qualify as an &ldquo;emerging growth company&rdquo;; risks related to unsolicited investor interest, takeover proposals, shareholder
activism or proxy contests relating to the election of directors; historical prices of digital currencies and the ability to mine digital
currencies that will be consistent with historical prices; and the adoption or expansion of any regulation or law that will prevent Bitfarms
from operating its business, or make it more costly to do so. For further information concerning these and other risks and uncertainties,
refer to Bitfarms&rsquo; filings on www.sedarplus.ca (which are also available on the website of the U.S. Securities and Exchange Commission
(the &ldquo;SEC&quot;) at www.sec.gov), including the management&rsquo;s discussion &amp; analysis for the year-ended December 31, 2024
Although Bitfarms has attempted to identify important factors that could cause actual results to differ materially from those expressed
in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended, including
factors that are currently unknown to or deemed immaterial by Bitfarms. There can be no assurance that such statements will prove to be
accurate as actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on any forward-looking information. Bitfarms does not undertake any obligation to revise or update any
forward-looking information other than as required by law. Trading in the securities of the Company should be considered highly speculative.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither
the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or
accuracy of this release.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE"><B>Investor Relations
Contact:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE"><B>Bitfarms</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE">Tracy Krumme</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE">SVP, Head of IR &amp;
Corp. Comms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE">+1 786-671-5638</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE">tkrumme@bitfarms.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE"><B>Media Contact:&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FEFEFE"><B>Bitfarms</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Caroline Brady Baker&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Director, Communications&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">cbaker@bitfarms.com<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><B>&nbsp;</B></P>

<!-- Field: Page; Sequence: 4; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>ex99-1_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 ex99-1_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1"  N 1,# 2(  A$! Q$!_\0
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MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#^_BOY"O\
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MI*4XIWJ:2G%/^)*VDII^FAZ[7X\?\%/=1O[#Q-\+C97ES:[]!UK?Y$SQAO\
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M-@BM*[E$W,S[%PI=W<C<[,?T#_:5DDB^#VN/%))$X\1_#4!XG>-P'^)W@Y'
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MXR]G*?-&+E:25FEOL$L5C</4HK%4L.Z5:JJ7-1E)RA*5K7YM]T]5JKZIVO\
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C:U[;]-=NQV0AFW)"]2BGRQNIV<D[+23Y7>7\SN[N^KW/_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
