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Bitfarms
company
About
Bitfarms is a blockchain infrastructure company that provides computing power to cryptocurrency networks.
- Brossard,Quebec,Canada
- 101 - 250
- https://bitfarms.com
Details
- Last Funding Type
- Post-IPO Equity
- Last Funding Money Raised
- $40M
- Industries
- Blockchain,Cryptocurrency,Financial Services,FinTech
- Founded date
- Jan 1, 2017
- Number Of Employee
- 101 - 250
- Operating Status
- Active
- Stock Symbol
- tsx:BITF
- Legal Name
- Bitfarms Limited
- Also Known As
- Bitfarms Technologies,Blockchain Minin,Backbone Hosting Solutions
Bitfarms owns and operates blockchain farms that power a global decentralized financial economy. It brings expertise that goes well beyond crypto mining. Its team design, build and manage farm operations and data centers, on top of handling energy logistics. Bitfarms strives to develop the ecosystem growing around blockchain-based technologies. It began operation in 2017, with its headquarters in Brossard in Canada.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
6
$155M $125M
Bitfarms has raised a total of
$155M $125M
in funding over 2 rounds. Their latest funding was raised on
Dec 31, 2021 from a Post-IPO Debt round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Dec 31, 2021 | Post-IPO Debt | $100M | 1 |
Galaxy Digital
|
— | Detail |
| May 20, 2021 | Post-IPO Equity | $115M | — | — | — | Detail |
| Jan 3, 2021 | Post-IPO Equity | $40M | — | — | — | Detail |
| Aug 12, 2019 | Post-IPO Debt | $5M | 1 |
|
— | Detail |
| Jul 19, 2019 | IPO | — | — | — | — | Detail |
Investors
Number of Lead Investors
Number of Investors
3
3
Bitfarms is funded by 3 investors.
Galaxy Digital
and DC BFL SPV
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Galaxy Digital
|
Yes | Post-IPO Debt |
|
|
Yes | Post-IPO Debt |
Dominion Capital
|
Yes | Post-IPO Debt |
Employee Profiles
Number of Employee Profiles
11
Bitfarms has 11 current employee profiles, including
Executive Pierre-Luc Quimper
Executive
Executive
Executive
Executive
Executive
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