{"id":"4b1e388c-42d8-45c6-b8e0-b9af8da5933a","name":"Bitfarms","slug":"bitfarms","description":"Bitfarms (NASDAQ/TSX: BITF) is a [Global](/companies/global-ai) Bitcoin mining company that operates large-scale cryptocurrency mining facilities across North and South America. The company focuses on using renewable hydroelectric power for its mining operations.","status":"private","founded":2017,"hq":"Rouyn-Noranda, Quebec, Canada","hqLat":48.2420524,"hqLng":-79.0205378,"hqGeocodedAt":"2026-08-23T21:18:48.623Z","hqAddress":null,"hqPrecision":null,"website":"bitfarms.com","fundingTotal":null,"type":"brain","roles":["data_center_operator"],"reviewStatus":"reviewed","heatIndex":58,"lifecycleState":"active","supersededByCompanyId":null,"sources":[{"url":"https://www.cohencm.com/news/bitfarms-advances-us-strategy-with-completion-of-stronghold-digital-mining-acquisition","date":"2025-03-17","title":"Bitfarms Advances U.S. Strategy with Completion of Stronghold Digital Mining Acquisition","sourceName":"Cohen Capital Markets / Bitfarms"},{"url":"https://investor.bitfarms.com/news-releases/news-release-details/bitfarms-enters-agreements-acquire-22-megawatts-hydro-power","date":"2023-04-11","title":"Bitfarms Enters Agreements to Acquire 22 Megawatts of Hydro Power Capacity in Baie-Comeau, Quebec","sourceName":"Bitfarms IR"}],"keyFacts":[{"label":"Axis classification","value":"OFF-AXIS — Bitcoin mining infrastructure, not a physical AI system maker, operator, or regulator"},{"label":"Stronghold acquisition and PJM growth framing (company PR via Cohen)","value":"Bitfarms said completing the Stronghold acquisition increased its energy portfolio (company-stated figures include incremental generating capacity and a multi-hundred-MW Pennsylvania growth pipeline aimed at BTC mining and HPC/AI) ([Cohen Capital Markets / Bitfarms PR](https://www.cohencm.com/news/bitfarms-advances-us-strategy-with-completion-of-stronghold-digital-mining-acquisition)).","sourceUrl":"https://www.cohencm.com/news/bitfarms-advances-us-strategy-with-completion-of-stronghold-digital-mining-acquisition"},{"label":"Baie-Comeau 22 MW hydro capacity agreements (company IR)","value":"On April 11, 2023 Bitfarms announced agreements to acquire 22 MW of hydro power capacity and lease a site in Baie-Comeau, Quebec, describing the area as hosting multiple hydro generation facilities ([Bitfarms IR](https://investor.bitfarms.com/news-releases/news-release-details/bitfarms-enters-agreements-acquire-22-megawatts-hydro-power)).","sourceUrl":"https://investor.bitfarms.com/news-releases/news-release-details/bitfarms-enters-agreements-acquire-22-megawatts-hydro-power"}],"aliases":[],"collisionRisk":"low","reviewNote":null,"atsProvider":null,"atsSlug":null,"factoryLocations":null,"manufacturingCapacity":null,"orgType":null,"burnSignal":null,"litigationEvents":null,"insurancePostureDisclosed":null,"unitEconomicsDisclosed":null,"tickerSymbol":null,"stockExchange":null,"secCik":null,"revenueUsd":null,"revenueBasis":null,"revenueAsOf":null,"employeeCount":null,"employeeCountBasis":null,"employeeCountAsOf":null,"marketCapUsd":null,"marketCapAsOf":null,"marketCapSource":null,"createdAt":"2026-08-18T04:02:21.982Z","updatedAt":"2026-09-29T22:02:01.385Z","jsonLd":{"@context":"https://schema.org","@type":"Organization","@id":"https://registry.deploy.report/companies/bitfarms","url":"https://registry.deploy.report/companies/bitfarms","name":"Bitfarms","description":"Bitfarms (NASDAQ/TSX: BITF) is a [Global](/companies/global-ai) Bitcoin mining company that operates large-scale cryptocurrency mining facilities across North and South America. The company focuses on using renewable hydroelectric power for its mining operations.","identifier":"4b1e388c-42d8-45c6-b8e0-b9af8da5933a","foundingDate":"2017","address":"Rouyn-Noranda, Quebec, Canada","publisher":{"@id":"https://deploy.report/#organization"}},"framework_metadata":{"framework_schema_version":"0.1.0","verification_status":"verified","maturity_stage":null,"lifecycle_state":null,"architectural_position":{"cohort":null,"sub_cohorts":[]},"within_cohort_verified_vs_claimed_pair":null,"cap_flags":[],"verification_depth":{"sources_count":2,"primary_source_types":["primary-company-ir"]}}}