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Financial Stocks
Bitfarms Ltd. (TSX: BITF) Reports 2024 Q4 Financial Results and Strategic Developments
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Highlights
Bitfarms Ltd. (TSX: BITF), a global vertically integrated Bitcoin data center company, has released its financial results for the fourth quarter ended December 31, 2024. The company reported significant transformations over the past year, shifting from an international Bitcoin mining operation to a North American energy and compute provider.
In early 2024, Bitfarms expanded its energized capacity by over 90%, reaching 461 MW, and secured a multi-year pipeline of more than 1.4 GW. Nearly 80% of this new capacity is based in the U.S., with over 90% of the projects in North America.
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