<SEC-DOCUMENT>0001213900-25-081344.txt : 20250828
<SEC-HEADER>0001213900-25-081344.hdr.sgml : 20250828
<ACCEPTANCE-DATETIME>20250827214706
ACCESSION NUMBER:		0001213900-25-081344
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20250827
FILED AS OF DATE:		20250828
DATE AS OF CHANGE:		20250827

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:		251267278

	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>ea0254736-6k_bitfarms.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">UNITED STATES</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

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

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

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

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

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">FORM 6-K</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16</B></P>

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">BITFARMS LTD.</P>

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

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

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

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

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

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

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

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

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

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

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

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

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




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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On August 18, 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, which is incorporated herein by reference.</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">See the Exhibits listed below.</P>

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

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



<P STYLE="margin: 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="border-bottom: Black 1.5pt solid; text-align: justify; width: 9%"><FONT STYLE="font-size: 10pt">Exhibit No.</FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left; width: 90%"><FONT STYLE="font-size: 10pt">Description</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&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>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="ea025473601ex99-1_bitfarms.htm">Press release dated August 18, 2025</A></FONT></TD></TR>
  </TABLE>



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

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

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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt">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: 0pt 0 0pt 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: 4%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 31%">&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:&nbsp;</TD>
    <TD STYLE="text-align: left">Ben Gagnon</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD STYLE="text-align: left">Chief Executive Officer</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">Date: August 27, 2025</P>

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

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

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ea025473601ex99-1_bitfarms.htm
<DESCRIPTION>PRESS RELEASE DATED AUGUST 18, 2025
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: right; text-indent: 0pt"><B>Exhibit 99.1</B></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="ex99-1_001.jpg" ALT=""></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Bitfarms Appoints Former AWS
Executive Wayne Duso to Board of Directors</P>

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

<P STYLE="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><B>Toronto, Ontario and New York, NY
(August 18, 2025)</B> - Bitfarms Ltd. (Nasdaq/TSX: BITF) (the &ldquo;Company&rdquo;), a global energy and compute infrastructure company,
today announced that the Board of Directors (the &ldquo;Board&rdquo;) has unanimously approved the appointment of Wayne Duso to the Company&rsquo;s
Board, effective immediately. With the appointment of Mr. Duso, Bitfarms&rsquo; Board is now comprised of seven directors, six of whom
are independent.</P>

<P STYLE="text-indent: 0pt; font: italic 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<P STYLE="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Mr. Duso is a distinguished senior
engineering and product executive with over 25 years&rsquo; experience developing enterprise technologies. He is renowned for his leadership
in cloud storage systems that support large-scale data centers, making it easier to manage data for AI training, HPC, and hybrid cloud
environments.</P>

<P STYLE="text-indent: 0pt; font: italic 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<P STYLE="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Mr. Duso most recently spent 12 years
at Amazon Web Services (&ldquo;AWS&rdquo;) where he established and scaled AWS Boston from startup to thousands of employees, leading
product, development, operations, P&amp;L, and go-to-market results. During his tenure at AWS, Mr. Duso launched and scaled (to &gt;$1B
ARR) several unicorn businesses across data storage, data protection, data integration, and hybrid-edge cloud infrastructure, serving
millions of customers globally. Prior to AWS, Mr. Duso spent nearly 20 years at EMC Corporation (acquired by Dell) during which he held
multiple executive and senior leadership roles focused on product development, product management, business development, and engineering.</P>

<P STYLE="text-indent: 0pt; font: italic 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<P STYLE="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Mr. Duso received a B.S. in Computer
Science from the University of Massachusetts Amherst, a M.S. in Systems Engineering from Boston University, and has attended executive
education programs at Massachusetts Institute of Technology and Babson College.</P>

<P STYLE="text-indent: 0pt; font: italic 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<P STYLE="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&ldquo;I am thrilled to welcome Mr.
Duso to the Bitfarms Board of Directors,&rdquo; said Brian Howlett, Independent Chairman. &ldquo;Wayne&rsquo;s appointment comes at a pivotal
time for Bitfarms as we accelerate the development of our HPC/AI business across North America. With over 25 years&rsquo; experience launching
and leading data center teams and developing cloud solutions at AWS and Dell, Wayne will be an invaluable resource as we pursue aggressive
growth in our HPC/AI business.&rdquo;</P>

<P STYLE="text-indent: 0pt; font: italic 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<P STYLE="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&ldquo;I am excited to join
the Bitfarms Board of Directors at such a transformative time for the Company and overall digital infrastructure industry,&rdquo;
said Mr. Duso. &ldquo;Bitfarms&rsquo; strategic pivot to HPC/AI aligns perfectly with my passion for building scalable, innovative
enterprise and data center technologies. With a robust 1.3 GW energy pipeline, including over 1 GW of high-value potential capacity
in Pennsylvania, Bitfarms has what hyperscalers want: power, and lots of it. I look forward to leveraging my expertise to help
Bitfarms capitalize on the surging demand for HPC/AI infrastructure and to drive sustainable, long-term value for Bitfarms and its
stakeholders.&rdquo;</P>

<P STYLE="text-indent: 0pt; font: italic 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt"><FONT STYLE="font-style: normal"></FONT></P>

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<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt; text-align: justify">Bitfarms is a North American energy
and digital infrastructure company that builds and operates vertically integrated, state-of-the-art data centers and energy infrastructure
for high- performance computing and Bitcoin mining.</P>

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

<P STYLE="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">With a focus on U.S. growth, Bitfarms&rsquo;
1.3 GW energy pipeline is more than 80% U.S.-based and clustered in data center hotspots with robust access to power and fiber infrastructure.</P>

<P STYLE="text-indent: 0pt; font: italic 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<P STYLE="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Bitfarms was founded in 2017 and is
a proven leader in digital infrastructure with operations throughout the Americas. Bitfarms is headquartered in New York, NY and Toronto,
ON and traded on the Nasdaq and Toronto Stock Exchange.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt"><U STYLE="text-decoration: none">www.bitfarms.com</U></P>

<P STYLE="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt"><U STYLE="text-decoration: none">https://www.facebook.com/bitfarms/</U></P>

<P STYLE="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt"><U STYLE="text-decoration: none">http://x.com/Bitfarms_io</U></P>

<P STYLE="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt"><U STYLE="text-decoration: none">https://www.instagram.com/bitfarms/</U></P>

<P STYLE="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt"><U STYLE="text-decoration: none">https://www.linkedin.com/company/bitfarms/</U></P>

<P STYLE="text-indent: 0pt; font: italic 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<P STYLE="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt"><B><I>Forward-Looking Statements</I></B></P>

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

<P STYLE="text-align: justify; font: italic 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt">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 expansion of the Board with additional skills and
experience to support the HPC/AI business strategy, and other statements regarding future growth, plans and objectives of the Company
are forward-looking information.</P>

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

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

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

<P STYLE="text-indent: 0pt; font: italic 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">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: 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&rdquo;) at www.sec.gov), including
the Company&rsquo;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&rsquo;s discussion and analysis for the three and six months ended June 30, 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.</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt"><U STYLE="text-decoration: none">lyonker@bitfarms.com</U></P>

<P STYLE="text-indent: 0pt; font: italic 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt"><U STYLE="text-decoration: none">cbaker@bitfarms.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt"><U STYLE="text-decoration: none">&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt"><U STYLE="text-decoration: none"></U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt"><U STYLE="text-decoration: none">&nbsp;</U></P>

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