TORONTO and BROSSARD, Québec, 04 January 2023 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a worldwide Bitcoin self-mining firm, introduced right now that administration will current on the twenty fifth Annual Needham Progress Convention on Thursday, January 12 at 9:30 AM ET.
|Exercise:||Bitfarms Presentation on the twenty fifth Annual Needham Progress Convention|
|Historical past:||Thursday, January 12, 2023|
The corporate’s presentation can be broadcast reside and can be replayable. Here. For added info or to schedule a face-to-face or digital one-on-one assembly with Bitfarms administration, please contact your Needham consultant or Bitfarms’ IR Group at: firstname.lastname@example.org
Bitfarms Ltd. about
Based in 2017, Bitfarms is a worldwide, publicly traded (NASDAQ/TSX: BITF) Bitcoin self-mining firm. Bitfarms conducts vertically built-in mining operations with in-house administration and in-house electrical engineering, set up service and on-site technical restore. The corporate’s proprietary information analytics system delivers best-in-class operational efficiency and uptime.
Bitfarms has 10 mining services positioned in 4 international locations all over the world: Canada, the USA, Paraguay and Argentina. Backed primarily by eco-friendly hydropower and long-term electrical energy contracts, Bitfarms is dedicated to using renewable, locally-based and sometimes underutilized vitality infrastructure.
To be taught extra about Bitfarms’ occasions, developments and on-line communities:
Buying and selling within the firm’s securities must be thought-about extremely speculative. No change, securities fee or different regulatory authority has endorsed or endorsed the data contained herein. The Toronto Inventory Trade, the Nasdaq, or another inventory change or regulatory company assumes no legal responsibility for the adequacy or accuracy of this publication.
This article comprises sure “forward-looking info” and “forward-looking statements” (collectively, “forward-looking info”) which can be based mostly on expectations, estimates and projections as of the date of this article and are throughout the scope of safe safety. Ports underneath Canadian and United States securities legal guidelines. The statements and knowledge on this bulletin relating to enlargement plans, together with building in Argentina and Québec, month-to-month development prospects, targets and targets for productive capability and combined charges, and different future plans and targets of the Firm are forward-looking info. Different forward-looking info consists of, however will not be restricted to, the corporate’s intentions, plans and future actions, in addition to Bitfarms’ capacity to efficiently mine digital currencies, elevated income as at the moment forecast, capacity to liquidate profitably present and doubtlessly important hostile affect on future digital forex stock, the volatility of community issue and digital forex costs and the Firm’s operations, the development and operation of expanded blockchain infrastructure as at the moment deliberate, and the regulatory setting for cryptocurrency in related jurisdictions.
All statements that contain dialogue of forecasts, expectations, beliefs, plans, projections, targets, assumptions, future occasions, or efficiency (often, however not all the time, utilizing phrases resembling “expects” or “would not count on”, “expects”), “predicts” or ” unpredictable”, “plans”, “price range”, “scheduled”, “estimates”, “estimates”, “believes” or “intends” or variations of such phrases and phrases or denoting sure actions, occasions or penalties or “may”, “may”, “may”, or “may” or “will”) are usually not statements of historic information and could also be forward-looking info and are for ahead identification functions – I’m on the lookout for info.
This forward-looking info relies on the assumptions and estimates of the Firm’s administration on the time it was made and consists of recognized and unknown dangers, uncertainties and different components that would trigger the Firm’s precise outcomes, efficiency or achievements to be achieved. materially totally different from future outcomes, efficiency or achievements expressed or implied by such forward-looking info. Such components embrace, amongst others, dangers associated to: the worldwide financial local weather; dilution; Restricted working historical past of the corporate; future capital wants and uncertainty of further financing, market circumstances usually, together with the Firm’s capacity to make use of the Firm’s market providing (“ATM Program”) and the costs and fairness at which the Firm could promote Widespread Shares within the ATM Program; Dangers associated to the technique of defending and growing Bitcoin belongings and the affect of depreciating Bitcoin costs on working capital; aggressive nature of the trade; forex dangers; The necessity to handle the deliberate development and enlargement of the corporate; the results of product growth and the necessity for steady know-how change; the power to supply dependable and reasonably priced sources of energy for working cryptocurrency mining belongings; The affect of vitality cuts or legislative adjustments within the vitality regimes within the jurisdictions wherein the corporate operates; safety of property rights; the affect of presidency rules and compliance on the Firm and the trade; community safety dangers; The corporate’s capacity to take care of methods that work correctly; counting on key personnel; world financial and monetary market disruption that impedes entry to capital or will increase the price of capital; inventory dilution ensuing from the ATM Program and different fairness points; and unstable securities markets that have an effect on the pricing of securities unrelated to enterprise efficiency. As well as, sure components which will have an effect on the longer term outcomes of the Bitfarms enterprise embrace, however are usually not restricted to: the development and operation of services could not happen as at the moment deliberate or could not happen in any respect; enlargement could not happen as anticipated in the intervening time or could not happen in any respect; digital forex market; the power to efficiently mine digital currencies; earnings could not improve as anticipated or in no way in the intervening time; it might not be potential or in any respect potential to liquidate current digital forex stock profitably; the decline in digital forex costs may have a big unfavorable affect on operations; a rise in community issue can have a big unfavorable affect on operations; volatility of digital forex costs; the anticipated development and sustainability of hydropower for cryptocurrency mining functions in relevant jurisdictions; Unable to take care of dependable and financial sources of energy for the corporate to function its cryptocurrency mining belongings; Enhance within the Firm’s electrical energy prices, improve in the price of pure fuel, adjustments in international change charges, vitality shortages or legislative adjustments within the vitality regimes within the jurisdictions wherein the Firm operates, and dangers that adversely have an effect on the Firm’s profitability; the power to finish present and future funding, any regulation or legislation that will forestall Bitfarms from conducting its enterprise; previous costs of digital currencies and the power to situation digital currencies that can be in step with historic costs; the shortcoming to anticipate and counteract the results of COVID-19 on the Firm’s enterprise, together with however not restricted to the results of COVID-19 on the value of digital currencies, capital market circumstances, labor constraint, and worldwide journey and provide chains; and the adoption or extension of any regulation or legislation that will forestall Bitfarms from conducting its enterprise or make it extra pricey to take action. For extra info on these and different dangers and uncertainties, see the Firm’s information at: www.SEDAR.com (Additionally obtainable on the U.S. Securities and Trade Fee’s web site: www.sec.gov ), together with the annual info sheet for the yr ending 31 December 2021 filed on 28 March 2022. The corporate has additionally assumed that no important occasion has occurred outdoors of Bitfarms’ regular course of enterprise. Whereas the Firm tries to establish vital components that would trigger precise outcomes to vary materially from these expressed in forward-looking statements, there could also be different components that would trigger outcomes to not be as anticipated, estimated or supposed. Since precise outcomes and future occasions could differ materially from these envisaged in such statements, no assure might be made that such statements can be correct. Accordingly, readers shouldn’t place undue reliance on any forward-looking info. The Firm undertakes no obligation to revise or replace any forward-looking info, besides as required by legislation.
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