-US$87 million remains on the ATM-

This news release constitutes a “designated news release” for the purposes of the Company’s amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus dated November 10, 2023.

Achieved 12.8 EH/s & earned 204 BTC in November 2024

- Bitfarms Board of Directors Increased to Six Members, Five of whom are Independent –
-Andrew J. Chang Appointed as Independent Director-
-Shareholder Rights Plan Approved-

- Follows initial 10,000 miner hosting agreement announced in September –

- Company to Hold Virtual Special Meeting of Shareholders on November 20, 2024 -

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023.

TORONTO, Ontario and BROSSARD, Québec, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, will report its third quarter 2024 financial results on Tuesday, November 12^th, before the market opens. Management will host a conference call on the same day at 8:00 am EST. All Q3 2024 materials will be available before the call and can be accessed on the ‘Financial Results’ section of the Bitfarms investor site.

-This is a required amendment based on the proposed Stronghold Digital Mining acquisition-

- Agreement to support 2.2 EH/s with energization expected in October, two months ahead of schedule -