Bitfarms

About

Bitfarms is a blockchain infrastructure company that provides computing power to cryptocurrency networks.

Brossard,Quebec,Canada
101 - 250
https://bitfarms.com

Highlights

Details

Last Funding Type: Post-IPO Equity
Last Funding Money Raised: $40M
Industries: Blockchain,Cryptocurrency,Financial Services,FinTech
Founded date: Jan 1, 2017
Number Of Employee: 101 - 250
Operating Status: Active
Stock Symbol: tsx:BITF
Legal Name: Bitfarms Limited
Also Known As: Bitfarms Technologies,Blockchain Minin,Backbone Hosting Solutions

Bitfarms owns and operates blockchain farms that power a global decentralized financial economy. It brings expertise that goes well beyond crypto mining. Its team design, build and manage farm operations and data centers, on top of handling energy logistics.

Bitfarms strives to develop the ecosystem growing around blockchain-based technologies. It began operation in 2017, with its headquarters in Brossard in Canada.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

6

$155M $125M

Bitfarms has raised a total of $155M $125M in funding over 2 rounds. Their latest funding was raised on Dec 31, 2021 from a Post-IPO Debt round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Dec 31, 2021	Post-IPO Debt	$100M	1	Galaxy Digital	—	Detail
May 20, 2021	Post-IPO Equity	$115M	—	—	—	Detail
Jan 3, 2021	Post-IPO Equity	$40M	—	—	—	Detail
Aug 12, 2019	Post-IPO Debt	$5M	1	DC BFL SPV	—	Detail
Jul 19, 2019	IPO	—	—	—	—	Detail