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Bitfarms Ltd. December 2024 Financial Report: Compliance & Transparency Insights

$BITF
Form 6-K
Filed on: 2024-12-18
Source
Bitfarms Ltd. December 2024 Financial Report: Compliance & Transparency Insights

Here are the key points extracted from the financial report of Bitfarms Ltd. as presented in the Form 6-K document:

  1. Filing Information:
  • Type of Document: Form 6-K
  • Commission File Number: 001-40370
  • Reporting Period: For the month of December 2024
  1. Company Details:
  • Name: Bitfarms Ltd.
  • Principal Executive Office Address: 110 Yonge Street, Suite 1601, Toronto, Ontario, Canada M5C 1T4
  1. Exhibit References:
  • Exhibit 99.1: Consent of PricewaterhouseCoopers LLP
  • Exhibit 99.2: Consent of Urish Popeck & Co., LLC
  • Exhibit 99.3: Material Change Report dated December 17, 2024
  1. Incorporation of Exhibits:
  • Exhibits 99.1, 99.2, and 99.3 are incorporated by reference into various registration statements of Bitfarms Ltd. on Form F-10, Form S-8, and Form F-4 (File Numbers: 333-272989, 333-278868, and 333-282657 respectively).
  1. Signature:
  • Signed by: Ben Gagnon, Chief Executive Officer
  • Date of Signature: December 17, 2024

Insights:

  • The report indicates that Bitfarms Ltd., a cryptocurrency mining company, is actively filing necessary documents with the SEC, thus adhering to regulatory requirements.
  • The mention of consents from reputable firms like PricewaterhouseCoopers suggests that the company is in compliance with audit requirements, enhancing its credibility.
  • The incorporation of material change reports indicates ongoing operational updates which are crucial for investors and stakeholders.
  • The filing is a part of the regulatory process showing transparency and commitment to keeping investors informed about the company's activities and changes in its structure or operations.