[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  đ°đđ·đŸđđ¶đ [@Umbisam](/creator/twitter/Umbisam) on x 11.6K followers Created: 2025-07-22 12:14:21 UTC $BITF +8% PM - TORONTO, Ontario, July 22, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (âBitfarmsâ or the âCompanyâ), a global energy and compute infrastructure company, today announced that the Board of Directors has approved effective immediately the commencement of a corporate share buyback program. Toronto Stock Exchange (the âTSXâ) has accepted the notice filed by the Company to establish a normal course issuer bid program (the âProgramâ). Under the Program, the Company is authorized to purchase up to XXXXXXXXXX of its common shares (out of the XXXXXXXXXXX common shares outstanding as at July 14, 2025) representing up to XX% of the Companyâs public float of XXXXXXXXXXX common shares, during the period starting on July 28, 2025 and ending on July 27, 2026. CEO Ben Gagnon stated, âWe believe that Bitfarmsâ shares are currently undervalued because our Bitcoin business is underappreciated by the market, with little to no value being associated with our HPC potential. This Program demonstrates our confidence in Bitfarmsâ business, our management team, and most importantly our high-performance computing data center growth strategy. We strongly believe our unique and highly desirable energy portfolio in Pennsylvania will drive long-term, sustainable growth that is financeable and enables management to leverage its balance sheet strength to drive shareholder value with this buyback program while simultaneously pursuing growth opportunities in HPC/AI to best capitalize on our substantial US energy pipeline.â The timing, price and volume of repurchases will depend on a variety of factors including corporate liquidity requirements and priorities, as well as general market conditions, the share price, regulatory requirements and limitations, and other factors. Bitfarms may purchase shares, from time to time, through the facilities of the TSX and/or the Nasdaq Stock Market (the âNasdaqâ), or by such other means as may be permitted by the TSX and/or Nasdaq or under applicable law. Daily repurchases on the TSX will be limited to a maximum of XXXXXXX common shares, representing XX% of the average daily trading volume for the six months ended June 30, 2025 (being XXXXXXXXX common shares), except where purchases are made in accordance with the âblock purchase exceptionâ of the TSX rules. Purchases of common shares through the Nasdaq will be made in the normal course and will not, during the twelve-month period ending July 27, 2026 exceed, in the aggregate, X% of the outstanding common shares as at the commencement of the Program. All shares purchased by the Company under the Program will be cancelled. Purchases will be made by the Company in accordance with the requirements of the TSX and/or the Nasdaq and the price which the Company will pay for any such common shares will be the market price of any such common shares at the time of acquisition, or such other price as may be permitted by the TSX and/or the Nasdaq. In connection with the Program, the Company has entered into an automatic repurchase arrangement with its designated broker to allow for purchases of its common shares during certain pre-determined blackout periods, based on Company instructions provided when not in blackout. Outside of these pre-determined blackout periods, any repurchases of common shares will be in accordance with managementâs discretion, subject to applicable law. Although the Company has a present intention to acquire its common shares pursuant to the Program, the Company will not be obligated to make any purchases under said Program. XXXXX engagements  **Related Topics** [toronto stock exchange](/topic/toronto-stock-exchange) [coins energy](/topic/coins-energy) [toronto](/topic/toronto) [$bitf](/topic/$bitf) [bitfarms](/topic/bitfarms) [stocks technology](/topic/stocks-technology) [stocks bitcoin treasuries](/topic/stocks-bitcoin-treasuries) [stocks crypto treasuries](/topic/stocks-crypto-treasuries) [Post Link](https://x.com/Umbisam/status/1947631297070792918)
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đ°đđ·đŸđđ¶đ @Umbisam on x 11.6K followers
Created: 2025-07-22 12:14:21 UTC
$BITF +8% PM - TORONTO, Ontario, July 22, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (âBitfarmsâ or the âCompanyâ), a global energy and compute infrastructure company, today announced that the Board of Directors has approved effective immediately the commencement of a corporate share buyback program. Toronto Stock Exchange (the âTSXâ) has accepted the notice filed by the Company to establish a normal course issuer bid program (the âProgramâ).
Under the Program, the Company is authorized to purchase up to XXXXXXXXXX of its common shares (out of the XXXXXXXXXXX common shares outstanding as at July 14, 2025) representing up to XX% of the Companyâs public float of XXXXXXXXXXX common shares, during the period starting on July 28, 2025 and ending on July 27, 2026.
CEO Ben Gagnon stated, âWe believe that Bitfarmsâ shares are currently undervalued because our Bitcoin business is underappreciated by the market, with little to no value being associated with our HPC potential. This Program demonstrates our confidence in Bitfarmsâ business, our management team, and most importantly our high-performance computing data center growth strategy. We strongly believe our unique and highly desirable energy portfolio in Pennsylvania will drive long-term, sustainable growth that is financeable and enables management to leverage its balance sheet strength to drive shareholder value with this buyback program while simultaneously pursuing growth opportunities in HPC/AI to best capitalize on our substantial US energy pipeline.â
The timing, price and volume of repurchases will depend on a variety of factors including corporate liquidity requirements and priorities, as well as general market conditions, the share price, regulatory requirements and limitations, and other factors.
Bitfarms may purchase shares, from time to time, through the facilities of the TSX and/or the Nasdaq Stock Market (the âNasdaqâ), or by such other means as may be permitted by the TSX and/or Nasdaq or under applicable law. Daily repurchases on the TSX will be limited to a maximum of XXXXXXX common shares, representing XX% of the average daily trading volume for the six months ended June 30, 2025 (being XXXXXXXXX common shares), except where purchases are made in accordance with the âblock purchase exceptionâ of the TSX rules.
Purchases of common shares through the Nasdaq will be made in the normal course and will not, during the twelve-month period ending July 27, 2026 exceed, in the aggregate, X% of the outstanding common shares as at the commencement of the Program. All shares purchased by the Company under the Program will be cancelled.
Purchases will be made by the Company in accordance with the requirements of the TSX and/or the Nasdaq and the price which the Company will pay for any such common shares will be the market price of any such common shares at the time of acquisition, or such other price as may be permitted by the TSX and/or the Nasdaq.
In connection with the Program, the Company has entered into an automatic repurchase arrangement with its designated broker to allow for purchases of its common shares during certain pre-determined blackout periods, based on Company instructions provided when not in blackout. Outside of these pre-determined blackout periods, any repurchases of common shares will be in accordance with managementâs discretion, subject to applicable law. Although the Company has a present intention to acquire its common shares pursuant to the Program, the Company will not be obligated to make any purchases under said Program.
XXXXX engagements
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