TORONTO and BROSSARD, Québec, 04 January 2023 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a worldwide Bitcoin self-mining firm, is at this time the twenty fifth anniversary of the administration.pearl Thursday, January twelfth Annual Needham Development ConventionpearlAt 9:30 AM ET.
| Exercise: | Bitfarms Presentation at 25pearl Annual Needham Development Convention | |
| Historical past: | Thursday, January 12, 2023 | |
| Time: | 9:30 ET |
The corporate’s presentation might be broadcast dwell and might be replayable. Here. For added data or to schedule a face-to-face or digital one-on-one assembly with Bitfarms administration, please contact your Needham consultant or Bitfarms’ IR Crew at: bitfarms@lhai.com
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 knowledge analytics system delivers best-in-class operational efficiency and uptime.
Bitfarms has 10 mining services situated in 4 international locations world wide: Canada, america, 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 study extra about Bitfarms’ occasions, developments and on-line communities:
Web page: www.bitfarms.com
https://www.facebook.com/bitfarms/
https://twitter.com/Bitfarms_io
https://www.instagram.com/bitfarms/
https://www.linkedin.com/company/bitfarms/
Warning Assertion
Buying and selling within the firm’s securities ought to be thought of extremely speculative. No change, securities fee or different regulatory authority has endorsed or endorsed the data contained herein. The Toronto Inventory Alternate, the Nasdaq, or another inventory change or regulatory company assumes no legal responsibility for the adequacy or accuracy of this publication.
forward-looking statements
This text comprises sure “forward-looking data” and “forward-looking statements” (collectively, “forward-looking data”) which might be based mostly on expectations, estimates and projections as of the date of this text and are throughout the scope of safe safety. Ports below Canadian and United States securities legal guidelines. The statements and data on this bulletin relating to growth plans, together with development in Argentina and Québec, month-to-month development prospects, targets and targets for productive capability and blended charges, and different future plans and targets of the Firm are forward-looking data. Different forward-looking data contains, however is just not restricted to, the corporate’s intentions, plans and future actions, in addition to Bitfarms’ skill to efficiently mine digital currencies, elevated income as at present forecast, skill to liquidate profitably present and doubtlessly important hostile impression on future digital foreign money stock, the volatility of community problem and digital foreign money costs and the Firm’s operations, the development and operation of expanded blockchain infrastructure as at present deliberate, and the regulatory surroundings for cryptocurrency in related jurisdictions.
All statements that contain dialogue of forecasts, expectations, beliefs, plans, projections, objectives, assumptions, future occasions, or efficiency (often, however not all the time, utilizing phrases akin to “expects” or “does 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 “might”, “might”, “might”, or “might” or “will”) aren’t statements of historic information and could also be forward-looking data and are for ahead identification functions – I’m on the lookout for data.
This forward-looking data is predicated on the assumptions and estimates of the Firm’s administration on the time it was made and contains 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 data. 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 generally, together with the Firm’s skill to make use of the Firm’s market providing (“ATM Program”) and the costs and fairness at which the Firm might promote Frequent Shares within the ATM Program; Dangers associated to the technique of defending and rising Bitcoin belongings and the impression of depreciating Bitcoin costs on working capital; aggressive nature of the business; foreign money dangers; The necessity to handle the deliberate development and growth of the corporate; the consequences of product improvement and the necessity for steady know-how change; the flexibility to offer dependable and reasonably priced sources of energy for working cryptocurrency mining belongings; The impression of vitality cuts or legislative modifications within the vitality regimes within the jurisdictions during which the corporate operates; safety of property rights; the impression of presidency laws and compliance on the Firm and the business; community safety dangers; The corporate’s skill to take care of programs that work correctly; counting on key personnel; international 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 risky 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 long run outcomes of the Bitfarms enterprise embrace, however aren’t restricted to: the development and operation of services might not happen as at present deliberate or might not happen in any respect; growth might not happen as anticipated in the intervening time or might not happen in any respect; digital foreign money market; the flexibility to efficiently mine digital currencies; revenue might not enhance as anticipated or in no way in the intervening time; it might not be attainable or in any respect attainable to liquidate current digital foreign money stock profitably; the decline in digital foreign money costs might have a major detrimental impression on operations; a rise in community problem can have a major detrimental impression on operations; volatility of digital foreign money 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, enhance in the price of pure fuel, modifications in international change charges, vitality shortages or legislative modifications within the vitality regimes within the jurisdictions during which the Firm operates, and dangers that adversely have an effect on the Firm’s profitability; the flexibility 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 flexibility to subject digital currencies that might be in line with historic costs; the shortcoming to anticipate and counteract the consequences of COVID-19 on the Firm’s enterprise, together with however not restricted to the consequences of COVID-19 on the worth 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 expensive to take action. For extra data on these and different dangers and uncertainties, see the Firm’s recordsdata at: www.SEDAR.com (Additionally accessible on the U.S. Securities and Alternate Fee’s web site: www.sec.gov), together with the annual data sheet for the yr ending 31 December 2021 filed on 28 March 2022. The corporate has additionally assumed that no important occasion has occurred exterior of Bitfarms’ regular course of enterprise. Whereas the Firm tries to determine essential 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 meant. Since precise outcomes and future occasions might differ materially from these envisaged in such statements, no assure could be made that such statements might be correct. Accordingly, readers mustn’t place undue reliance on any forward-looking data. The Firm undertakes no obligation to revise or replace any forward-looking data, besides as required by legislation.
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Individuals:
LHA Investor Relations
david barnard
+1 415-433-3777
Investors@bitfarms.com
Actual Company
Matt Weaver
+1 339-234-3332
mediarelations@bitfarms.com
Quebec Media: Finesse
Louis-Martin Leclerc
+1 418-693-2425
lmleclerc@tactconseil.ca
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