Bitfarms to Reinvest Capital in US Growth Opportunities
Accretive transaction values the completed site at ~$85 million and significantly reduces anticipated 2025 capital requirements
Rebalances YE 2025 proforma energy portfolio to ~80% North American & 20% international
Bitfarms Ltd. has recently announced its plans to reinvest capital in US growth opportunities, with an accretive transaction valuing the completed site at approximately $85 million. This move is expected to significantly reduce Bitfarms’ anticipated capital requirements for the year 2025.
Moreover, this strategic decision will rebalance Bitfarms’ energy portfolio by the end of 2025, with approximately 80% of energy sourced from North America and 20% from international sources. This shift is aimed at reducing expected average power costs by around 10%.
This news release has been designated as such for the purposes of Bitfarms’ second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023.
How will this affect me?
As a Bitfarms investor or stakeholder, this reinvestment in US growth opportunities can potentially have a positive impact on your returns. With reduced capital requirements and lower power costs, Bitfarms may be able to increase profitability and enhance shareholder value.
How will this affect the world?
Bitfarms’ decision to rebalance its energy portfolio towards North American sources aligns with the global trend towards sustainable and environmentally friendly practices. By reducing its reliance on international energy sources, Bitfarms is contributing to a more localized and resilient energy infrastructure.
Conclusion
Bitfarms’ strategic move to reinvest capital in US growth opportunities and rebalance its energy portfolio demonstrates a commitment to efficiency, profitability, and sustainability. Investors can anticipate potential benefits from this decision, while the world may see positive environmental impacts from this shift towards localized energy sources.
