Bitfarms (NASDAQ:BITF) (NASDAQ: BITF) is a vertically integrated Bitcoin mining company that designs, builds and operates scale-optimized industrial-grade crypto mining farms. Founded in 2017 and headquartered in Toronto, Canada, the company leverages strategic power partnerships and advanced mining hardware to secure blockchain networks and validate transactions. Bitfarms conducts end-to-end operations that include site development, deployment of mining rigs, real-time performance monitoring and maintenance of its facilities.
The company’s core business activities revolve around the acquisition and deployment of high-efficiency ASIC mining equipment, predominantly sourced from top manufacturers such as Bitmain. Bitfarms continually upgrades its fleet to maintain competitive hash rates and lower cost per terahash. In addition to its own operations, the company offers hosting and colocation services for third-party miners seeking access to low-cost, renewable power solutions, leveraging its expertise in managing large-scale mining infrastructure.
Bitfarms’ global footprint spans North and South America, with primary operations in Quebec and British Columbia, Canada, where it benefits from abundant hydroelectric capacity. The company also operates facilities in Washington State in the U.S., and has expanded into South America with sites in Argentina and Uruguay to capitalize on favorable regulatory environments and low‐cost energy. This geographically diversified portfolio helps Bitfarms optimize energy sourcing and manage regional grid constraints.
Under the leadership of Founder and Executive Chairman Fabiano Schiocchet and Chief Executive Officer Jean Hardy, Bitfarms emphasizes sustainable growth and transparent governance. The management team prioritizes environmental stewardship by targeting renewable power for its mining operations and adhering to best practices in health, safety and community engagement. As the company continues to scale, Bitfarms aims to enhance its operational efficiency and contribute to the long-term robustness of the Bitcoin network.
