<SEC-DOCUMENT>0001213900-25-068395.txt : 20250729
<SEC-HEADER>0001213900-25-068395.hdr.sgml : 20250729
<ACCEPTANCE-DATETIME>20250728214859
ACCESSION NUMBER:		0001213900-25-068395
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20250728
FILED AS OF DATE:		20250729
DATE AS OF CHANGE:		20250728

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:		251157372

	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>ea025042301-6k_bitfarms.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6.5pt">&nbsp;</P>

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<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 4.25pt 48.95pt 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0 48.95pt; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 48.95pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

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</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 4.25pt 48.9pt 0 48.95pt; text-align: center">FORM 6-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.55pt 0 0"><BR STYLE="clear: both">
</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.6pt 145.15pt 0 145.35pt; text-align: center"><B>REPORT OF FOREIGN PRIVATE
ISSUER PURSUANT TO RULE 13a-16 OR 15d-16</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 48.95pt; text-align: center"><B>UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 48.95pt; text-align: center"><B>For the month of July 2025</B></P>

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</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.6pt 48.85pt 0 48.95pt; text-align: center"><B>Commission File Number: 001-40370</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.6pt 48.85pt 0 48.95pt; text-align: center"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 4.25pt 48.95pt 0 48.9pt; text-align: center">BITFARMS LTD.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 48.95pt 0 48.9pt; text-align: center">(Translation of registrant&rsquo;s
name into English)</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.6pt 48.95pt 0; text-align: center"><B>110 Yonge Street, Suite 1601, Toronto,
Ontario, Canada M5C 1T4</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 48.95pt 0; text-align: center">(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"><BR STYLE="clear: both">
</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.6pt 7.6pt 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.6pt 7.6pt 0 8pt; text-align: justify">Indicate by check mark whether the
registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05pt; text-align: center">Form 20-F <FONT STYLE="font-family: Wingdings">&uml;</FONT>&#9;Form
40-F <FONT STYLE="font-family: Wingdings">x</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 0"><BR STYLE="clear: both">
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 28.45pt 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 28.45pt 0 8pt"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 28.45pt 0 8pt"></P>

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<P STYLE="font: 10pt Wingdings; margin: 0.2pt 0 0"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 48.85pt 0 48.95pt; text-align: center"><B>DOCUMENTS INCLUDED AS PART OF
THIS FORM 6-K</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On July 28, 2025, the Registrant filed with the Canadian Securities Regulatory
Authorities on the System for Electronic Data Analysis and Retrieval + (SEDAR +) a material change report that includes a copy of a press
release, a copy of which is attached hereto as Exhibit 99.1, which is incorporated by reference into the Registration Statements of Bitfarms
Ltd. on <A HREF="https://www.sec.gov/Archives/edgar/data/1812477/000121390023052498/ea180981-f10_bitfarmsltd.htm">Form F-10</A> (File No. 333-272989) and Form S-8 (File No. <A HREF="https://www.sec.gov/Archives/edgar/data/1812477/000121390024035021/ea0204332-s8_bitfarms.htm">333-278868</A> and File No. <A HREF="https://www.sec.gov/Archives/edgar/data/1812477/000101376225000733/ea0232744-s8_bitfarms.htm">333-285894</A>), each as amended or supplemented.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</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: 12%; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Exhibits</B></FONT></TD>
    <TD STYLE="width: 88%; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Exhibit&nbsp;No.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Description</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">99.1</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="ea025042301ex99-1_bitfarms.htm" STYLE="-sec-extract: exhibit">Material Change Report dated July 28, 2025</A></FONT></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 48.9pt 0 48.95pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 48.9pt 0 48.95pt; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 48.9pt 0 48.95pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 48.9pt 0 48.95pt; text-align: center">SIGNATURE</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 8pt">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 8pt">&nbsp;</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>&nbsp;</TD>
    <TD COLSPAN="3"><B>BITFARMS LTD.</B></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 32%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid">/s/ Ben Gagnon</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>&nbsp;Ben Gagnon</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>&nbsp;Chief Executive Officer</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>Date: July 28, 2025</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 8pt"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ea025042301ex99-1_bitfarms.htm
<DESCRIPTION>MATERIAL CHANGE REPORT
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 99.1</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 51-102F3<BR>
MATERIAL CHANGE REPORT</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <B>Item 1</B> <B>Name and Address of Company</B></P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 73.95pt; margin-bottom: 0pt; text-align: left">Bitfarms Ltd. (&ldquo;Bitfarms&rdquo;
or the &ldquo;Company&rdquo;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 73.95pt; margin-bottom: 0pt; text-align: left">110 Yonge Street, Suite 1601</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 73.95pt; margin-bottom: 0pt; text-align: left">Toronto, Ontario M5C 1T4</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-top: 0pt; margin-bottom: 0pt"> <B>Item 2</B> <B>Date of Material Change</B></P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 73.95pt; margin-bottom: 0pt; text-align: left">July 28, 2025</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-top: 0pt; margin-bottom: 0pt"> <B>Item 3</B> <B>News Release</B></P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">The press release attached as Schedule
&ldquo;A&rdquo; was released on July 28, 2025 by a newswire company in Canada.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <B>Item 4</B> <B>Summary of Material Change</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.55pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 73.95pt; margin-bottom: 0pt; text-align: left">The material change is described in
the press release attached as Schedule &ldquo;A&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <B>Item 5</B> <B>Full Description of Material Change</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.55pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 73.95pt; margin-bottom: 0pt; text-align: left">The material change is described
in the press release attached as Schedule &ldquo;A&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.15pt 0pt 5.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <B>Item 6</B> <B>Reliance of subsection 7.1(2) of National Instrument 51-102 </B></P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 73.95pt; margin-bottom: 0pt; text-align: left">Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 73.95pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <B>Item 7</B> <B>Omitted Information</B></P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">Not applicable.</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-top: 0pt; margin-bottom: 0pt"> <B>Item 8</B> <B>Executive Officer</B></P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">Ben Gagnon</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 308.55pt; margin-bottom: 0pt; text-align: left">Chief Executive Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 308.55pt; margin-bottom: 0pt; text-align: left">Bitfarms Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 308.55pt; margin-bottom: 0pt; text-align: left">Bgagnon@bitfarms.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 308.55pt 0pt 5.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <B>Item 9</B> <B>Date of Report</B></P>

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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">July 28, 2025.</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>

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<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: center">Schedule &ldquo;A&rdquo;</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: center"><IMG SRC="ex99-1_001.jpg" ALT="">&nbsp;</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"><B>Bitfarms Announces Second Principal Executive
Office in NYC and Initiates Conversion to U.S. GAAP</B></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; text-align: justify"><B>Toronto, Ontario and New York, New York (July
28, 2025)</B> - Bitfarms Ltd. (Nasdaq/TSX: BITF) (the &ldquo;Company&rdquo;), a global energy and compute infrastructure company, today
announced that the New York City office it acquired as part of the previous acquisition of Stronghold Digital Mining, Inc. will be identified
as Bitfarms&rsquo; second Principal Executive Office (&ldquo;PEO&rdquo;) in its filings with the securities commissions in Canada and
with the United States Securities and Exchange Commission. The Company is also planning to prepare its financial statements under U.S.
Generally Accepted Accounting Principles (&ldquo;U.S. GAAP&rdquo;) to better align with other companies within their industry. This transition
from IFRS Accounting Standards to U.S. GAAP is expected to commence with the annual consolidated financial statements for the fiscal year
ending December 31, 2025.</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">CEO Ben Gagnon stated, &ldquo;I am excited to
announce Bitfarms&rsquo; Principal Executive Office in New York City and our conversion to U.S. GAAP reporting. Building off the successful
rebalancing of our energy portfolio to ~70% North American MWs in Q1, these initiatives further advance our U.S. pivot and align with
our HPC/AI growth strategy. Maintaining a U.S.-based PEO and transitioning to U.S. GAAP is expected to simplify our reporting processes,
reduce administrative and legal costs, broaden our U.S. investor base, and improve our eligibility for inclusion in certain stock indices,
among other potential benefits. We believe this strategic transition will better position Bitfarms to execute our HPC/AI growth strategy,
driving improved operational efficiencies and maximizing shareholder value.&rdquo;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><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 North American
energy and compute infrastructure company that develops, owns, and operates vertically integrated data centers. Bitfarms currently operates
15 data centers situated in four countries, which currently mine Bitcoin: the United States, Canada, Argentina and Paraguay.</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">To learn more about Bitfarms&rsquo; events, developments,
and online communities:</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">www.bitfarms.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">https://www.facebook.com/bitfarms/<U><BR>
</U>http://x.com/Bitfarms_io<U><BR>
</U></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">https://www.instagram.com/bitfarms/</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U><BR>
</U></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">https://www.linkedin.com/company/bitfarms/</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Forward-Looking Statements</I></B></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"><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 a second Principal Executive Office in
the U.S. and the transition to reporting financial results under U.S. Generally Accepted Accounting Principles, the North American energy
and compute infrastructure strategy, opportunities relating to the Company&rsquo;s HPC/AI strategy, the Company&rsquo;s ability to drive
greater shareholder value, growth opportunities and prospects for the Company, 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">&nbsp;</P>

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

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<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; text-align: justify"><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. 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: the risk that the anticipated benefits of a second Principal Executive Office fail to materialize in a timely manner or
at all; the risk that the Company&rsquo;s transition to reporting financial results under U.S. GAAP will require more time or cost more
than anticipated, or fail to occur 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; an inability to satisfy the Panther Creek location related milestones which are conditions to loan drawdowns
under the Macquarie Group financing facility; an inability to deploy the proceeds of the Macquarie Group financing facility to generate
positive returns at the Panther Creek location; 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; the risks of debt leverage and the ability to service and eventually
repay the Macquarie Group financing facility; 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; risks relating to lawsuits
and other legal proceedings and challenges; 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 Company's annual information form for the year ended December 31, 2024, management&rsquo;s discussion &amp;
analysis for the year-ended December 31, 2024 and the management's discussion and analysis for the three months ended March 31, 2025.
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"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: -0.5pt">Laine Yonker</P>

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



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: -0.5pt"><B>Media Contact:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: -0.5pt"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">cbaker@bitfarms.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: -0.5pt"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></P>

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

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