Bitfarms raised $1 Million in a Seed round, dated January 19, 2022. Bitfarms is based in Toronto, Ontario, Canada.
How much did Bitfarms raise?
Bitfarms raised $1 Million in a Seed round on January 19, 2022.
What does Bitfarms do?
Such factors include, among others, risks relating to: discretion of Galaxy Digital LLC in respect of future borrowings under the new credit facility (including as to the terms of such borrowings); the global economic..
Where is Bitfarms based and how big is it?
Bitfarms is based in Toronto, Ontario, Canada. Fundz records about 179 employees.
Who are the decision-makers at Bitfarms?
Fundz holds 1 contact at Bitfarms, including the Executive Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Analytics around the same time
Companies in the same sectors as Bitfarms that raised within 45 days of this round, from Fundz verified event records.
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Company Information
Company
Bitfarms
Location
110 Yonge Street Suite 1601
Toronto, Ontario, Canada
About
Such factors include, among others, risks relating to: discretion of Galaxy Digital LLC in respect of future borrowings under the new credit facility (including as to the terms of such borrowings); the global economic climate; dilution; the Company’s limited operating history; future capital needs and uncertainty of additional financing including the Company’s ability to utilize the Company’s at-the-market offering (the “ATM Program”) and the prices at which the Company may sell Common Shares in the ATM Program as well as capital market conditions in general; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; dilution in relation to the ATM Program and from other equity issuances; and volatile securities markets impacting security pricing unrelated to operating performance. On June 21, 2021, Bitfarms started trading on the Nasdaq Stock Market. Bitfarms has a diversified production platform with five industrial scale facilities located in Québec and one in Washington state. Founded in 2017, Bitfarms is a global Bitcoin self-mining company, running vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver high operational performance and uptime. Bitfarms is currently the only publicly traded pure-play mining company audited by a Big Four accounting firm.
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