Bitfarms - M&A Summary and Business Overview

Information TechnologyCompany

Bitfarms M&A Summary

Bitfarms has acquired 1 company, including 1 in the last 5 years.

Bitfarms’ largest acquisition to date was in 2024, when it acquired Stronghold Digital Mining for $125M. Bitfarms has acquired in 1 US state. The Company’s most targeted sectors include information technology (100%).

Bitfarms Business Overview

Where is Bitfarms headquartered?

Bitfarms is headquartered in Brossard, Quebec.

What is Bitfarms’ revenue?

Bitfarms disclosed revenue of 146M USD for 2023 and 142M USD for 2022.

What sector is Bitfarms in?

Bitfarms is an information technology company.

When was Bitfarms founded?

Bitfarms was founded in 2017.

M&A Summary

  • M&A Total Activity1
    • M&A Buy Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Advisors 5

Bitfarms

Bitfarms Ltd.

9120 Boulevard Leduc,
Brossard, Quebec J4Y 0A5
Canada,
www.bitfarms.com

Bitfarms is a global Bitcoin mining company that contributes its computational power to one or more mining pools from which it receives payment in Bitcoin. The company develops, owns, and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. Bitfarms was formed in 2017 and is based in Brossard, Quebec.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # - - - - - 1 1
vol $125M $125M
Sell (0.0/yr) # - - - - - - 0
  1

Most Recent M&A

Company Date Value Type
Stronghold Digital Mining, Inc. 2024-08-21 125M USD Add-on Acquisition
Kennerdell, Pennsylvania · www.strongholddigitalmining.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 1 (100%) 125M (100%) - -
Total 1 $125M - -

By Geo

State/Country Buy Value Sell Value
United States 1 125M - -
  Pennsylvania 1 125M - -
Total 1 $125M - -

Top M&A Advisors

Financial Deals
Moelis & Co.
 1
Legal Deals
Peterson McVicar LLP
 1
Skadden, Arps, Slate, Meagher & Flom
 1
Fasken Martineau DuMoulin
 1

Deal Values

buy # Total
$100M to $1B 1 $125M
TOTAL $125M
Largest Stronghold Digital Mining, Inc.
$125M (2024-08-21)

Company Summary

SECTOR

Information Technology

Revenue

146   3% 2023
142   16% 2022
169   383% 2021
35   2020
(millions of USD) Show More Show Less

Established

2017

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