Computing power
to reshape the world

Bitfarms is building infrastructure for the future by developing and hosting the ecosystem growing around blockchain-based technologies.

0000 +
Bitcoin mined so far
Bitcoin value in USD
39.7M Shares Outstanding
ILS (-0.04%)

Powering blockchain with sustainable energy

Bitfarms owns and operates blockchain farms that power the modern digital landscape of the economy.

We are located in Eastern Canada where the climate, open space and the accessibility to hydroelectricity, a clean and renewable energy, provide an ideal environment for cryptocurrency mining. We prioritize a sustainable approach just as much as a healthy bottom line.

Our operational efficiency creates the optimal environment for growth. Our impressive cost structure, enabled by long-term, affordable electricity and real-estate leasing costs, allows us to maintain profitability.
Wes Fulford
Chief Executive Officer
Our goal is to build a fully vertically integrated company supporting blockchain technologies. We want to depend only on energy, and nothing else.
Pierre-Luc Quimper
President of Operations, Founder & Director
We are developing an ecosystem around blockchain-based technologies. We are an active part of a major socio-economic and technological shift.
Émiliano Grodzki
Chief Strategy Officer, Founder and Director

Latest News

Québec Energy Board Releases Favorable Decision for the Blockchain Industry May. 2019 Bitfarms Announces Drawdown of US$5M Second Tranche of Loan Financing April. 2019 Bitfarms Announces Results of Special General Meeting April. 2019 Bitfarms Reports Financial Results for the Year Ended December 31, 2018 March. 2019 Bitfarms Announces US$20 Million Loan Financing and Special General Meeting Clarification March. 2019 Bitfarms Annonce Un Financement Par Emprunt De 20 M$ US Et Fournit Des Précisions Concernant l'Assemblée Générale Extraordinaire March. 2019 Bitfarms Technologies Ltd. Announces Filing of Preliminary Prospectus by Operating Subsidiary Nov. 2018 Bitfarms Technologies Ltd. Announces Operational Update and Reminder of Upcoming ADR Conversion Due Date Nov. 2018 Bitfarms Technologies Ltd. Announces Public Launch of Bitfarms Pool and Special Promotional Pricing for New Participants Sept. 2018 Bitfarms Technologies Ltd. Announces Successful Launch of Mining Pool Sept. 2018 Bitfarms Technologies Ltd. (formerly Blockchain Mining Ltd.) Reports Half-Year 2018 Consolidated Financial Results Aug. 2018 Bitfarms Technologies Ltd. Announces Webcast Details for its Half-Year Consolidated 2018 Financial Results on August 30, 2018 Aug. 2018 Blockchain Mining to Release Consolidated Half-Year 2018 Financial Results on August 30, 2018 Aug. 2018 Bitfarms Technologies Ltd. Provides Update on Exchange of ADRs for Shares Jul. 2018 Bitfarms Technologies Ltd. Announces OTCQX Market Update Jul. 2018 Blockchain Mining Continues Operational Expansion May 2018 Blockchain Mining Completes Transaction with Bitfarms Apr. 2018 Blockchain Mining Shareholders Approve Merger with Bitfarms Apr. 2018 Bitfarms Reports Audited Financial Results for Fourth Quarter 2017, Provides Operational Update and Corporate Update Relating to Closing of Merger with Bitfarms Technologies Ltd. Mar. 2018 Bitfarms Establishes Several Computing Centres in Sherbrooke, Outlining a $250M Investment and 250 New Jobs Mar. 2018 Backbone Hosting Solutions Inc. (Bitfarms) Announces the Appointment of Wes Fulford as New Chief Executive Officer Mar. 2018 Backbone Hosting Solutions Inc. (Bitfarms) Announces up to C $50,000,000 Private Placement of Senior Secured Convertible Debentures Mar. 2018 Bitfarms Technologies Ltd. and Backbone Hosting Solutions Inc. (Bitfarms) Execute Definitive Agreement Jan. 2018
Building the infrastructure that holds our future

Operations overview

Current operations
4 facilities
27.5 MW
~200 PH/S
5 facilities
130 MW
1178 PH/S
Quebec, Canada
10 MW
Quebec, Canada
10 MW
Quebec, Canada
5 MW
Quebec, Canada
1 MW
Quebec, Canada
10 MW
Sherbrooke 1
Quebec, Canada
42 MW
Sherbrooke 2
Quebec, Canada
38 MW
Sherbrooke 3
Quebec, Canada
18 MW
Cowansville 2
Quebec, Canada
12 MW
Quebec, Canada
5 MW
Current Operations
Bitfarms owns and operates one of the largest cryptocurrency mining operations in North America

Hosting tomorrow’s growth

Through reliable skill

Bitfarms has built a strong and well-managed team. The 100% vertically integrated operation handles everything from design, construction and operations; with a leadership team that is involved at the core of it all.

How Bitfarms remains top tier

Bitfarms stands its ground as leader of blockchain value creation because its expertise is based on thorough insights and first-hand experience. Since 2009, investments and breakthroughs have been made throughout the world by our management and its supporting teams.

Management team and board of directors

The leaders of blockchain
value creation

Wes Fulford

Chief Executive Officer
Wes manages corporate direction and strategy at Bitfarms, facilitating company activity in capital markets, sales, marketing, strategic alliances and business development. Prior to Bitfarms, Wes led the financial institutions and fintech investment banking practice for one of Canada's largest financial institutions, Desjardins Group, and during his 12-year banking career has led over 100 successful financings and M&A transactions. Mr. Fulford is a CFA charterholder and has a B. Comm. (Honours) degree.

John Rim

Chief Financial Officer
John is a Chartered Professional Accountant (CPA, CA) with over 20 years of business experience gained at global professional services firms and Fortune 500 companies. John began his career at KPMG LLP and PriceWaterhouseCoopers LLP and for the past 7 years, John served as a senior finance executive at private equity portfolio companies owned by Brookfield Asset Management and Centerbridge Partners LLP. John is responsible for the overall financial governance, controls, planning and reporting of the Company and plays an essential role in the execution of all strategic initiatives.

Pierre-Luc Quimper

President, Founder & Director
Pierre-Luc, one of the founders of Bitfarms, recognized the importance of blockchain technology and cryptocurrencies for the future. He is responsible for overseeing activities and developing strategy pertaining to the company's operations. He has over 20 years of experience building professional large-scale data centres and founded Globo.Tech Communications in 1999, while still attending high school. As an early adopter of broadband, the proliferation of digital content accessibility and the consumerization of the web, Globo.Tech made investments in critical internet infrastructures and provided various internet hosting solutions and DDoS mitigation far before these became well-known business models.

Nicolas Bonta

Chairman & Founder
Nicolas is an Argentinian hotelier and real estate Investor. In 1998, Nicolas founded one of the first boutique hotel companies in Argentina named "Own Hotels" which has grown to 6 locations in the city of Buenos Aires and Montevideo, Uruguay. He took on the role of Chairman of the Board of Directors and strategic planification for the development of Bitfarms.

Emiliano Grodzki

Chief Strategy Officer, Founder & Director
Emiliano is an Argentinian entrepreneur and businessman. He has been a business builder and innovator since his early teens, founding, incubating, and exiting interdisciplinary ventures in the design, food, and construction industries. In 2016, Emiliano discovered the world of cryptocurrencies and began to invest in and mine cryptocurrencies from Argentina. His vast business experience is put to good use at Bitfarms where he handles the company's vision and strategy.

Mathieu Vachon

Director of Software Engineering & Founder
Mathieu is a software wizard and internet entrepreneur with over 15 years of experience in designing, engineering, and scaling software and hardware internet technology ventures. After founding Bitfarms he took on the task of creating and maintaining everything related to code to support the advancement in Blockchain and Cryptocurrency for the company as the director of software engineering.

Louis Valois

Vice President, Infrastructure
Louis oversees Bitfarms' processing centers infrastructure design and global network engineering, deployment and operation. He has more than 7 years of experience in cryptocurrencies, blockchain technologies and system administration. After working with Pierre-Luc and Anthony at Globo.Tech he was the first to join Bitfarms since inception to lead the design and build of Bitfarms' processing centers.

Anthony Levesque

Vice President, Operations
Anthony plans and leads the deployment and daily operations of the company's processing centers infrastructures and is an crucial part of Bitfarms' business development efforts. He has more than 15 years of experience in IT serving as Globo.Tech Chief Product Officer, specializing in the development of products related to cloud computing and virtualization.

Ryan Hornby

EVP and General Counsel
Ryan is responsible for oversight of all legal at Bitfarms and a member of the executive team responsible for the strategic vision of the company. Prior to joining Bitfarms, Ryan practiced at McCarthy Tétrault LLP since being called to the Ontario Bar in 2010. He was most recently a partner in the Business Law Group in both Toronto and New York offices where he maintained a general corporate practice which included corporate finance (debt and equity), securities, mergers and acquisitions and advising on various matters relating to corporate governance.

Competitive advantages

100% owned and operated farms

Design, construction, and operations; all mastered in-house by our employees and contractors.

Clean & renewable energy

With low hydroelectricity rates, reliable infrastructure, innovative universities and supportive policymakers, the province of Quebec provides ideal conditions.

Superior technical know-how

After having created the largest independent hosting companies in Canada, our founders have assembled a leadership team that possess unparalleled technical expertise.

Efficient procurement and maintenance

Excellent reciprocal relationships with leading chip and hardware manufacturers translate to quick turnaround and sustainable growth.

100% owned electrical contractors

With a team of 24 electricians in-house we can easily manage 24/7 shifts and expedited facility buildouts.

Strong return on investment

We regularly sell mined coins and redeploy the proceeds into ongoing growth following our prudent capital allocation strategy.

On-site repair lab & training center

With our own lab and training center devoted to microelectronic hardware repair, the need to ship overseas is eliminated, downtime is reduced and quality repairs are ensured.

Discover why
bitfarms is different

What is actually farmed by Bitfarms?

Our farms provide computing power to cryptocurrency networks such as bitcoin, ethereum, litecoin and dash. Bitfarms secures and processes transactions 24/7, acting as a powerful platform that enables efficient exchanges.
Bitfarms is developing the ecosystem growing around blockchain-based technologies while generating sustainable value for investors, local and global communities. We are an active participant in this major socio-economic and technological shift.


Backbone Hosting Solutions Inc. completed the reverse acquisition of Bitfarms (TASE & OTC: BLLCF) (formerly Blockchain Mining Ltd.) in April 2018. Prior to the transaction, Bitfarms invested in land and natural resource assets. The investments consisted primarily of iron deposits located in the United States. Bitfarms continues to hold these investments, however, its primary focus is on owning and operating blockchain farms that power the global decentralized financial economy.