Bitfarms announces $375M at-the-market equity offering program

Bitfarms announced that it has entered into an at-the-market offering agreement dated March 8, 2024 with H.C. Wainwright & Co. as agent, pursuant to which the company established an at-the-market equity program. Pursuant to the ATM Program, the company may, at its discretion and from time-to-time during the term of the ATM Agreement, sell, through the Agent, such number of common shares of the company as would result in aggregate gross proceeds to the company of up to $375M. Sales of Common Shares, if any, through the Agent will be made through “at-the-market” issuances, including without limitation, sales made directly on the Nasdaq Stock Market or another trading market for the shares in the United States at the market price prevailing at the time of each sale. No Common Shares will be offered or sold under the ATM Program on the TSX or any other trading market in Canada. The ATM Program may be terminated by either party at any time.