• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form 6-K filed by Bitfarms Ltd.

    10/10/25 9:26:37 AM ET
    $BITF
    Finance: Consumer Services
    Finance
    Get the next $BITF alert in real time by email
    6-K 1 ea0260904-6k_bitfarms.htm REPORT OF FOREIGN PRIVATE ISSUER

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

     

    FORM 6-K

     

     

     

    REPORT OF FOREIGN PRIVATE ISSUER
    PURSUANT TO RULE 13a-16 OR 15d-16

    UNDER THE SECURITIES EXCHANGE ACT OF 1934

     

    For the month of October 2025

     

     

     

    Commission File Number: 001-40370

     

     

     

    BITFARMS LTD.

    (Translation of registrant’s name into English)

     

     

     

    110 Yonge Street, Suite 1601, Toronto, Ontario, Canada M5C 1T4

    (Address of principal executive offices)

     

     

     

    Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

     

    Form 20-F ☐          Form 40-F ☒ 

     

     

     

     

     

     

    EXPLANATORY NOTE

     

    On October 10, 2025, Bitfarms Ltd. (“Bitfarms” or the “Company”) entered into Amendment No. 1 to the Loan and Security Agreement (the “Amendment”) with Macquarie Equipment Capital, Inc., a division of Macquarie Group’s Commodities and Global Markets’ business (“Macquarie”) and certain subsidiaries of the Company and lenders of the Company named therein. The Amendment modified the terms of the Company’s previously-announced private debt facility (the “Loan Agreement”) for up to $300 million with Macquarie to, among other things, limit the borrowers and guarantors under the Loan Agreement to certain subsidiaries of the Company holding project-specific assets, other than an unsecured guarantee of the Company and limited guarantees and collateral provided by certain subsidiaries of the Company in connection with the minimum cash requirements described below (the “Facility”). Bitfarms anticipates using the Facility’s funds to finance the development of its data center campus in Panther Creek, Pennsylvania, subject to the achievement of certain milestones and other conditions as set forth in the Facility.

     

    Pursuant to the Amendment, Bitfarms will draw an additional $50 million from the Facility, subject to customary closing conditions, and will be able to draw on additional tranches of funding under the Facility subject to certain conditions, including the consent of Macquarie.

     

    The Amendment further provides that, among other things:

     

    ●The aggregate principal amount of $300 million in funding under the Facility is intended to fund the development of the data center project at Panther Creek.

     

    ●The incremental $50 million tranche to be withdrawn from the Facility is to be drawn by a project-level indirect subsidiary and is secured by certain assets of the guarantors.

     

    ●Certain of the U.S. and all of the Canadian direct and indirect subsidiaries of the Company that had previously guaranteed obligations of the Company under the Facility and pledged certain assets to secure those guarantees have been released from their guarantees and pledges.

     

    ●In connection with entering into the Amendment, Macquarie will receive warrants for the purchase of $10 million in shares of Bitfarms at a strike price equal to a 25% premium, in each case, based on the volume weighted average of the trailing 5 trading days’ closing price (subject to a minimum strike price floor equal to the last closing price of Bitfarms’ shares on the Nasdaq/TSX) and with a tenor of five years. The warrants and underlying shares are subject to customary registration rights for the resale of the underlying shares.

     

    ●The Loan Agreement as modified by the Amendment includes various customary affirmative and negative covenants , including restrictions on dispositions, dividends, the incurrence of debt and liens, material changes in the nature of its business, related party transactions, and investments, in each case subject to certain customary exclusions and carveouts. In addition, Bitfarms must maintain a minimum of $50 million balance in cash at all times while amounts under the Facility are outstanding and must deposit additional amounts of cash if the average bitcoin price drops below certain thresholds as provided in the Loan Agreement (which funds will be returned if the bitcoin price returns to the previous thresholds).

     

     1

     

     

    DOCUMENTS INCLUDED AS PART OF THIS FORM 6-K

     

    On October 10, 2025, the Registrant filed with the Canadian Securities Regulatory Authorities on the System for Electronic Data Analysis and Retrieval + (SEDAR +) a press release, a copy of which is attached hereto as Exhibit 99.1, which is incorporated herein by reference.

     

    See the Exhibits listed below.

     

    Exhibits

     

    Exhibit No.   Description
    99.1   Press release dated October 10, 2025

     

     2

     

     

    SIGNATURE

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

     

      BITFARMS LTD.
           
      By: /s/ Ben Gagnon
        Name:  Ben Gagnon
        Title:  Chief Executive Officer

     

    Date: October 10, 2025

     

     

    3

     

     

    Get the next $BITF alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $BITF

    DatePrice TargetRatingAnalyst
    9/15/2025Buy
    Compass Point
    1/8/2025Outperform
    Keefe Bruyette
    12/4/2024$6.00Buy
    Alliance Global Partners
    6/11/2024$4.00 → $5.00Overweight
    Cantor Fitzgerald
    6/4/2024$4.00Buy
    H.C. Wainwright
    12/14/2023$4.00Buy
    B. Riley Securities
    5/19/2023$2.00Overweight
    Cantor Fitzgerald
    More analyst ratings

    $BITF
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    Bitfarms Converts Macquarie Debt Facility to $300M Project Financing and Draws Additional $50M to Accelerate HPC/AI Development at Panther Creek Campus

    -$300 million facility to fund Phase 1 of Panther Creek data center development with energization expected by YE 2026--On track to break ground on Panther Creek data center in Q4 2025- This news release constitutes a "designated news release" for the purposes of the Company's second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and NEW YORK, Oct. 10, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX:BITF) (the "Company"), a North American energy and digital infrastructure company, has converted its previously announced private debt facility for up to $300 million from Macquarie Gr

    10/10/25 9:25:53 AM ET
    $BITF
    Finance: Consumer Services
    Finance

    Corporate Crypto Treasury Surge Accelerates as Bitcoin Hits Fresh Institutional Milestone

    Equity Insider News CommentaryIssued on behalf of CEA Industries, Inc. VANCOUVER, BC, Sept. 5, 2025 /PRNewswire/ -- Equity Insider News Commentary – BlackRock's Bitcoin ETF inflows recently surged to $289.8 million (on Sept. 4)[1], marking another record day for institutional adoption despite August's $751 million ETF outflows that preceded this dramatic reversal[2]. Meanwhile, U.S. Bank resumed Bitcoin custody services on September 3[3], reflecting growing institutional demand as major financial institutions pivot toward digital asset infrastructure. This momentum positions publicly traded cryptocurrency companies to capture significant value as corporate America accelerates its digital ass

    9/5/25 10:55:00 AM ET
    $BITF
    $BNC
    $COIN
    Finance: Consumer Services
    Finance
    Industrial Machinery/Components
    Industrials

    Bitcoin Shatters $124,000 Record as $15 Billion Digital Treasury Wave Transforms Corporate America

    USA News Group News Commentary Issued on behalf of CEA Industries, Inc. VANCOUVER, BC, Aug. 26, 2025 /PRNewswire/ -- USA News Group News Commentary – Bitcoin hit new all-time highs above $124,000 in August as institutional demand reached unprecedented levels, with digital asset treasuries raising $15 billion in 2025 alone—eclipsing traditional venture funding for the first time in crypto history. The surge reflects a seismic shift as public companies now hold 951,000 BTC worth over $100 billion, while crypto treasury firms have become the most liquid trading vehicles on U.S. exchanges. This transformation from speculative betting to strategic corporate finance has attracted Fortune 500 compa

    8/26/25 12:43:00 PM ET
    $BITF
    $BNC
    $CRCL
    Finance: Consumer Services
    Finance
    Industrial Machinery/Components
    Industrials

    $BITF
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    Compass Point resumed coverage on Bitfarms

    Compass Point resumed coverage of Bitfarms with a rating of Buy

    9/15/25 7:53:17 AM ET
    $BITF
    Finance: Consumer Services
    Finance

    Keefe Bruyette initiated coverage on Bitfarms

    Keefe Bruyette initiated coverage of Bitfarms with a rating of Outperform

    1/8/25 8:43:15 AM ET
    $BITF
    Finance: Consumer Services
    Finance

    Alliance Global Partners initiated coverage on Bitfarms with a new price target

    Alliance Global Partners initiated coverage of Bitfarms with a rating of Buy and set a new price target of $6.00

    12/4/24 7:53:38 AM ET
    $BITF
    Finance: Consumer Services
    Finance

    $BITF
    SEC Filings

    View All

    SEC Form 6-K filed by Bitfarms Ltd.

    6-K - Bitfarms Ltd (0001812477) (Filer)

    10/10/25 5:14:10 PM ET
    $BITF
    Finance: Consumer Services
    Finance

    SEC Form 6-K filed by Bitfarms Ltd.

    6-K - Bitfarms Ltd (0001812477) (Filer)

    10/10/25 9:26:37 AM ET
    $BITF
    Finance: Consumer Services
    Finance

    SEC Form 6-K filed by Bitfarms Ltd.

    6-K - Bitfarms Ltd (0001812477) (Filer)

    8/27/25 9:47:06 PM ET
    $BITF
    Finance: Consumer Services
    Finance

    $BITF
    Leadership Updates

    Live Leadership Updates

    View All

    Bitfarms Appoints Former AWS Executive Wayne Duso to Board of Directors

    TORONTO, Ontario and NEW YORK, N.Y., Aug. 18, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX:BITF) (the "Company"), a global energy and compute infrastructure company, today announced that the Board of Directors (the "Board") has unanimously approved the appointment of Wayne Duso to the Company's Board, effective immediately. With the appointment of Mr. Duso, Bitfarms' Board is now comprised of seven directors, six of whom are independent. Mr. Duso is a distinguished senior engineering and product executive with over 25 years' experience developing enterprise technologies. He is renowned for his leadership in cloud storage systems that support large-scale data centers, making it eas

    8/18/25 7:00:00 AM ET
    $BITF
    Finance: Consumer Services
    Finance

    Bitfarms Provides March 2025 Production and Operations Update

      - Operational hashrate of 19.5 EHuM and fleet efficiency of 19 w/TH–-Completes acquisition of Stronghold Digital Mining & sale of Yguazu, Paraguay data center--Appoints two new key HPC/AI and Infrastructure Executives- This news release constitutes a "designated news release" for the purposes of the Company's second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, April 01, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF), a global energy and compute infrastructure company, today issued its latest monthly production report. All financial references are in U.S. dollars. CEO Ben Gagnon s

    4/1/25 7:00:00 AM ET
    $BITF
    Finance: Consumer Services
    Finance

    Bitfarms Appoints James Bond as Senior Vice President of High-Performance Computing

    TORONTO, March 26, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF), a global Bitcoin and vertically integrated data center company, today announced that it has appointed James Bond as Senior Vice President of High-Performance Computing ("HPC"). Mr. Bond is a subject matter expert in HPC/AI with a proven record of launching new cloud and service provider offerings for large scale data centers across the U.S. He has over 20 years' experience in public sector solution architecture and IT infrastructure design and implementation, including 15 years at Hewlett Packard Enterprise ("HPE") where he most recently led their North America HPC/AI infrastructure platforms category. Under his

    3/26/25 7:00:00 AM ET
    $BITF
    Finance: Consumer Services
    Finance

    $BITF
    Financials

    Live finance-specific insights

    View All

    Bitfarms Reports Second Quarter 2025 Results

    Executing HPC/AI Growth Strategy with Industry-Leading Strategic Partners & Robust Balance Sheet - Revenue of $78 million, up 87% Y/Y -- Gross mining margin of 45%, down from 51% in Q2 2024 - - Master Site Plan for Panther Creek, PA data center campus submitted to Macquarie -- Partnered with data center builder and operator T5 Data Centers to advance HPC/AI development at its Panther Creek campus in Pennsylvania - This news release constitutes a "designated news release" for the purposes of the Company's second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and NE

    8/12/25 7:00:00 AM ET
    $BITF
    Finance: Consumer Services
    Finance

    Bitfarms Schedules Second Quarter 2025 Conference Call on August 12, 2025

    TORONTO, Ontario and NEW YORK, July 29, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF) ("Bitfarms" or the "Company"), a global energy and compute infrastructure company, will report its second quarter 2025 financial results on Tuesday, August 12th before the market opens. Management will host a conference call on the same day at 8:00 am EST. All Q2 2025 materials will be available before the call and can be accessed on the ‘Financial Results' section of the Bitfarms investor site. The live webcast and a webcast replay of the conference call can be accessed here. To access the call by telephone, register here to receive dial-in numbers and a unique PIN to join the call. About Bi

    7/29/25 7:00:00 AM ET
    $BITF
    Finance: Consumer Services
    Finance

    Bitfarms Reports First Quarter 2025 Results

    - Revenue of $67 million, up 33% Y/Y -- Gross mining margin of 43%, down from 63% from Q1 2024 -- Total energy pipeline of ~1.4 GW, ~80% based in the U.S. -- Private debt facility announced in April 2025 with division of Macquarie Group for up to $300 million to fund initial HPC project development at Panther Creek, validating the attractiveness of Bitfarms' potential HPC data center development pipeline -  This news release constitutes a "designated news release" for the purposes of the Company's second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario, May 14, 2025 (GLOBE NEWSWIRE) -- Bi

    5/14/25 7:00:00 AM ET
    $BITF
    Finance: Consumer Services
    Finance

    $BITF
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    Amendment: SEC Form SC 13D/A filed by Bitfarms Ltd.

    SC 13D/A - Bitfarms Ltd (0001812477) (Subject)

    9/23/24 7:11:36 AM ET
    $BITF
    Finance: Consumer Services
    Finance

    Amendment: SEC Form SC 13D/A filed by Bitfarms Ltd.

    SC 13D/A - Bitfarms Ltd (0001812477) (Subject)

    9/5/24 6:00:06 PM ET
    $BITF
    Finance: Consumer Services
    Finance

    Amendment: SEC Form SC 13D/A filed by Bitfarms Ltd.

    SC 13D/A - Bitfarms Ltd (0001812477) (Subject)

    8/21/24 8:51:53 AM ET
    $BITF
    Finance: Consumer Services
    Finance