[ad_1] <br><div><figure class="caas-figure"><div class="caas-figure-with-pb" style="max-height: 53px"><div><div class="caas-img-container" style="padding-bottom:18%;"><img class="caas-img has-preview" alt="Bitfarms Ltd." src="https://s.yimg.com/ny/api/res/1.2/_AxcDnM6opnaNVkNTBRTQg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTc0/https://media.zenfs.com/en/globenewswire.com/c7c155483c791d144484d04a3a967811"/></div></div></div><p><figcaption class="caption-collapse">Bitfarms Ltd.</figcaption></p></figure><p><em>Société de transport de Sherbrooke leverages electrical infrastructure for its inexperienced mobility initiative to create new eco-friendly bus and bike facility</em></p><p><em>This information launch constitutes a “designated information launch” for functions of the Firm’s prospectus complement dated August 16, 2021, to its brief type base shelf prospectus dated August 12, 2021.</em><br/></p><p>TORONTO and BROSSARD, Québec, Dec. 16, 2022 (GLOBE NEWSWIRE) -- <a target="_blank" href="https://www.globenewswire.com/Tracker?data=wXxG5tMIp-IbXIKesAwrNG6YtbdYliehDx4P09seUwxx0L_IBcMAssmx5BIjSaZ67e6XJa0DzCzGKWwtuQ4uPRl-cVjwFjsReu3uF4ARYOIO9AvtDTTyZ40TrVOnwKvOXJ3CeP9G5Idl0iTN1iOYS6ZnMHkV56YNGhagIADlYO7Kl5ur7S33PxvttmOL8QXKec-U9G1OAEVF-l-u7qGE-dd5O8HRy-HvfFx12jF8xtNU0vIJ9tR2HWtno-VKBb22Gl9G-QmY3CyzdbXKVIb5c2EsNnVMfoHNP6qGL5haogEPRwZpnlgBbAvZHq7eIFdI" rel="nofollow noopener" data-ylk="slk:Bitfarms Ltd." class="link ">Bitfarms Ltd.</a> (<u>NASDAQ: BITF // TSX: BITF</u>), a world Bitcoin self-mining firm, accomplished the sale of its de la Pointe property, receiving US$3.6 million in web proceeds.</p><p>“At this time we closed on the sale of our de la Pointe location and obtained web money proceeds of US$3.6 million, as anticipated,” mentioned Geoff Morphy, President and COO of Bitfarms. “After an intensive due diligence and aggressive course of, Société de transport de Sherbrooke (STS) emerged because the profitable bidder to accumulate this facility, and it’s gratifying that Sherbrooke’s transportation company can make the most of our electrical infrastructure with inexperienced energy generated by Hydro Québec and provided by Hydro Sherbrooke to satisfy the wants of the neighborhood. We're additionally happy that we may shut our de la Pointe facility and build-out our new areas forward of schedule, essential milestones to us and Sherbrooke’s native residents.”</p><p>“As a part of our inexperienced mobility initiative, this new facility will profit all our residents with inexperienced bus service and electric-assist bike sharing, which is scheduled to start in the summertime 2023,” mentioned Marc Denault, President of STS. “Situated adjoining to our current amenities, this buy is a pure extension of our operations and Bitfarms’ electrical enhancements match completely with our wants. For STS, this settlement demonstrates a profitable partnership with Bitfarms, which completes the relocation of its Bitcoin mining operation to an industrial space throughout the Metropolis of Sherbrooke. The method ran easily, and we're happy that it was accomplished a number of months forward of schedule.”</p><p><button class="link caas-button collapse-button" aria-label="" title="" data-ylk="elm:readmore;slk:Story continues">Story continues</button></p><p><strong>About Bitfarms Ltd.</strong></p><p>Based in 2017, Bitfarms is a world, publicly traded (NASDAQ/TSX: BITF) Bitcoin self-mining firm. Bitfarms runs vertically built-in mining operations with in-house administration and company-owned electrical engineering, set up service, and onsite technical restore. The Firm’s proprietary information analytics system delivers best-in-class operational efficiency and uptime.</p><p>Bitfarms has 10 mining amenities in manufacturing around the globe, that are housed in 4 international locations: Canada, the US, Paraguay, and Argentina. Powered by predominantly environmentally pleasant hydro-electric and long-term energy contracts, Bitfarms is dedicated to utilizing renewable, regionally based mostly, and sometimes underutilized power infrastructure.</p><p>To study extra about Bitfarms’ occasions, developments, and on-line communities:</p><p>Web site: <a target="_blank" href="https://www.globenewswire.com/Tracker?data=zcMD4omwff9VRgHeYdz9G3lJmBo94bDllbVnrH18tZP_SSjPTtCf3bDarJUDMZNxFJwQLHrmqttu_9_iBSL8gA==" rel="nofollow noopener" data-ylk="slk:www.bitfarms.com" class="link ">www.bitfarms.com</a></p><p><a target="_blank" href="https://www.globenewswire.com/Tracker?data=rSxOVFdl-aBTXHvw6i6MEY5_pPDgYHPj7FZGU1yLtCT7vdfBTU0PdBl0VtcCjuqaIwDxvjXa0fTf6Hz6wUYwsO3bDwuH7n699Tn1F46nkmmLMd1rHd3-IR2_W56mKIRa" rel="nofollow noopener" data-ylk="slk:https://www.facebook.com/bitfarms/" class="link ">https://www.facebook.com/bitfarms/</a><br/><a target="_blank" href="https://www.globenewswire.com/Tracker?data=rSxOVFdl-aBTXHvw6i6MEaWQHgvOw2326qdNFKas8q0yA3wJpDJfu1FUuoZX1hcUNBUz1ErqDf2N3IxzR9C3eFgOA1WGHtS0r-_QhtMkkc1YzIielBKljJNgdqZ97jTu" rel="nofollow noopener" data-ylk="slk:https://twitter.com/Bitfarms_io" class="link ">https://twitter.com/Bitfarms_io</a><br/><a target="_blank" href="https://www.globenewswire.com/Tracker?data=rSxOVFdl-aBTXHvw6i6MEQDs6Soc-2EnatOZrUh2N9qPvc4DOD2CZUUjoXMvVGdF3oEy1M1u3a_uqq6oqE-_i3Axom55gasmZj1tt2FpQdPoTGs27FEH0VmfXZqJei8u" rel="nofollow noopener" data-ylk="slk:https://www.instagram.com/bitfarms/" class="link ">https://www.instagram.com/bitfarms/</a><br/><a target="_blank" href="https://www.globenewswire.com/Tracker?data=rSxOVFdl-aBTXHvw6i6MEfCw9Cllypm-Lx0QFpBM7D9MD52Z58dRpP3RC6blJ88JloaqwieAXrZOo5Zg3j9XjqrFqJ7cU5vXBqobECduzvifyIlUvWw4SzECLIEAhoLH9OedORUVxq3dA01aG9I_ow==" rel="nofollow noopener" data-ylk="slk:https://www.linkedin.com/company/bitfarms/" class="link ">https://www.linkedin.com/company/bitfarms/</a></p><p><strong><em>Cautionary Assertion</em></strong></p><p><em>Buying and selling within the securities of the Firm ought to be thought-about extremely speculative. No inventory change, securities fee or different regulatory authority has authorised or disapproved the data contained herein. Neither the Toronto Inventory Trade, Nasdaq, or every other securities change or regulatory authority accepts accountability for the adequacy or accuracy of this launch.</em></p><p><strong><em>Ahead-Trying Statements</em></strong></p><p><em>This information launch accommodates sure “forward-looking data” and “forward-looking statements” (collectively, “forward-looking data”) which can be based mostly on expectations, estimates and projections as on the date of this information launch and are coated by secure harbors underneath Canadian and United States securities legal guidelines. The statements and data on this launch relating to the sale of the de la Pointe Property and the advantages of this transaction for the Firm, the Metropolis of Sherbrooke and the working relationship of the Firm with the Metropolis of Sherbrooke, and different future plans and aims of the Firm are forward-looking data. Different forward-looking data consists of, however will not be restricted to, data regarding: the intentions, plans and future actions of the Firm, in addition to Bitfarms’ capacity to efficiently mine digital foreign money, income rising as at present anticipated, the power to profitably liquidate present and future digital foreign money stock, volatility of community issue and digital foreign money costs and the potential ensuing vital unfavorable influence on the Firm’s operations, the development and operation of expanded blockchain infrastructure as at present deliberate, and the regulatory setting for cryptocurrency within the relevant jurisdictions.</em></p><p><em>Any statements that contain discussions with respect to predictions, expectations, beliefs, plans, projections, aims, assumptions, future occasions or efficiency (usually however not at all times utilizing phrases akin to “expects”, or “doesn't count on”, “is anticipated”, “anticipates” or “doesn't anticipate”, “plans”, “price range”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such phrases and phrases or stating that sure actions, occasions or outcomes “could” or “may”, “would”, “would possibly” or “will” be taken to happen or be achieved) should not statements of historic reality and could also be forward-looking data and are meant to establish forward-looking data.</em></p><p>This forward-looking data is predicated on assumptions and estimates of administration of the Firm on the time they had been made, and includes recognized and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency, or achievements of the Firm to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking data. Such components embrace, amongst others, dangers referring to: the worldwide financial local weather; dilution; the Firm’s restricted working historical past; future capital wants and uncertainty of further financing, together with the Firm’s capacity to make the most of the Firm’s at-the-market providing (the “ATM Program”) and the costs at which the Firm could promote Widespread Shares within the ATM Program, in addition to capital market circumstances basically; dangers referring to the technique of sustaining and rising Bitcoin holdings and the influence of depreciating Bitcoin costs on working capital; the aggressive nature of the business; foreign money change dangers; the necessity for the Firm to handle its deliberate progress and growth; the results of product improvement and want for continued expertise change; the power to take care of dependable and economical sources of energy to run its cryptocurrency mining property; the influence of power curtailment or regulatory adjustments within the power regimes within the jurisdictions wherein the Firm operates; safety of proprietary rights; the impact of presidency regulation and compliance on the Firm and the business; community safety dangers; the power of the Firm to take care of correctly working methods; reliance on key personnel; world financial and monetary market deterioration impeding entry to capital or rising the price of capital; share dilution ensuing from the ATM Program and from different fairness issuances; and risky securities markets impacting safety pricing unrelated to working efficiency. As well as, explicit components that would influence future outcomes of the enterprise of Bitfarms embrace, however should not restricted to: the development and operation of amenities could not happen as at present deliberate, or in any respect; growth could not materialize as at present anticipated, or in any respect; the digital foreign money market; the power to efficiently mine digital foreign money; income could not enhance as at present anticipated, or in any respect; it will not be doable to profitably liquidate the present digital foreign money stock, or in any respect; a decline in digital foreign money costs could have a major unfavorable influence on operations; a rise in community issue could have a major unfavorable influence on operations; the volatility of digital foreign money costs; the anticipated progress and sustainability of hydroelectricity for the needs of cryptocurrency mining within the relevant jurisdictions; the shortcoming to take care of dependable and economical sources of energy for the Firm to function cryptocurrency mining property; the dangers of a rise within the Firm’s electrical energy prices, value of pure gasoline, adjustments in foreign money change charges, power curtailment or regulatory adjustments within the power regimes within the jurisdictions wherein the Firm operates and the opposed influence on the Firm’s profitability; the power to finish present and future financings, any laws or legal guidelines that can forestall Bitfarms from working its enterprise; historic costs of digital currencies and the power to mine digital currencies that will likely be in step with historic costs; an incapability to foretell and counteract the results of COVID-19 on the enterprise of the Firm, together with however not restricted to the results of COVID-19 on the worth of digital currencies, capital market circumstances, restriction on labour and worldwide journey and provide chains; and, the adoption or growth of any regulation or regulation that can forestall Bitfarms from working its enterprise, or make it extra pricey to take action. For additional data regarding these and different dangers and uncertainties, seek advice from the Firm’s filings on <a target="_blank" href="https://www.globenewswire.com/Tracker?data=DmFTLmXrlMG1Q_vGRIFQ3Kj5R5hZKD4TPrccDMfiYP-19Z2EKrDpc0JXZO1K98VolSlaD0JuV4FhzZlXZxwtXQ==" rel="nofollow noopener" data-ylk="slk:www.SEDAR.com" class="link "><u>www.SEDAR.com</u></a> (that are additionally obtainable on the web site of the U.S. Securities and Trade Fee at <a target="_blank" href="https://www.globenewswire.com/Tracker?data=MGoV3I08ET88MgDN4qgCL58wQnJkhAQWMhXLR8Qok_sU_-43DVh0ZidtP5qeNoBslJQGyZBsqfrEqFw3HGidwQ==" rel="nofollow noopener" data-ylk="slk:www.sec.gov" class="link "><u>www.sec.gov</u></a>), together with the annual data type for the year-ended December 31, 2021, filed on March 28, 2022. The Firm has additionally assumed that no vital occasions happen outdoors of Bitfarms’ regular course of enterprise. Though the Firm has tried to establish essential components that would trigger precise outcomes to vary materially from these expressed in forward-looking statements, there could also be different components that trigger outcomes to not be as anticipated, estimated or meant. There might be no assurance that such statements will show to be correct as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers shouldn't place undue reliance on any forward-looking data. The Firm undertakes no obligation to revise or replace any forward-looking data aside from as required by regulation</p><figure class="caas-figure"><div class="caas-img-container caas-img-loader" style="height:1px;width:100%;"><img class="caas-img caas-lazy has-preview has-width" alt="" src="https://s.yimg.com/ny/api/res/1.2/sqvpRBHL3N26RWBgEUjedw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2O2g9MzY-/https://ml.globenewswire.com/Resource/Download/cb2e6943-b0f0-4167-a6e9-3cc4c260d1df" height="1" width="1"/><noscript><img alt="" src="https://s.yimg.com/ny/api/res/1.2/sqvpRBHL3N26RWBgEUjedw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2O2g9MzY-/https://ml.globenewswire.com/Resource/Download/cb2e6943-b0f0-4167-a6e9-3cc4c260d1df" height="1" width="1" class="caas-img has-width"/></noscript></div></figure><p>.</p><p><strong>Contacts:</strong></p><p><strong>LHA Investor Relations</strong><br/>David Barnard<br/>+1 415-433-3777<br/><a target="_blank" href="https://www.globenewswire.com/Tracker?data=94rCQw2iQmXiX-OOZ0jPLS7AwcXnJ866oDwql73-7jDPFxbUUtPdjm2UGOSJJrYLztEr2BYOamk0NQk_ifdjYf-H6Zo1qjdRFYCN1_hA_eQ=" rel="nofollow noopener" data-ylk="slk:Investors@bitfarms.com" class="link ">Investors@bitfarms.com</a></p><p><strong>Precise Company </strong><br/>Matt Weaver<br/>+1 339-234-3332<br/><a target="_blank" href="https://www.globenewswire.com/Tracker?data=CN-XfRPHaRttw-nuuytCf5a5xmV8topmOsXkUZ4u-HfD8C_smcpJrCxg4WbjYs1QyphRXQW10soTEhPGIzKbk8I-emO26sSbkqArDlg9LWir02a1pJ2uUan0Lk6nZ41f" rel="nofollow noopener" data-ylk="slk:mediarelations@bitfarms.com" class="link ">mediarelations@bitfarms.com</a></p><p><strong>Québec Media: Tact</strong><br/>Louis-Martin Leclerc<br/>+1 418-693-2425<br/><a target="_blank" href="https://www.globenewswire.com/Tracker?data=Fw96wXTT1CFr2A-kw_7YcoOWdGqJmHQ7Ce1N1PHAc-gfZ5MacvSaL1jabHV4GnI2OvySHYX8TDTr7qZz6IpBrMr4me2mWt1JUgB9FbAsXXE=" rel="nofollow noopener" data-ylk="slk:lmleclerc@tactconseil.ca" class="link ">lmleclerc@tactconseil.ca</a></p><figure class="caas-figure"><div style=""><div><div class="caas-img-container caas-img-loader noheight"><img class="caas-img caas-lazy has-preview" alt="" src="https://s.yimg.com/ny/api/res/1.2/VlLZErTL_oGZMYyoU06JZA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MA--/https://ml.globenewswire.com/media/ZTAxMzFjNGEtMmUzZi00Zjk0LTk4ZjYtYzY0YmJlZjAxMTdjLTEyMDgzNTM=/tiny/Bitfarms-Ltd-.png"/><noscript><img alt="" src="https://s.yimg.com/ny/api/res/1.2/VlLZErTL_oGZMYyoU06JZA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MA--/https://ml.globenewswire.com/media/ZTAxMzFjNGEtMmUzZi00Zjk0LTk4ZjYtYzY0YmJlZjAxMTdjLTEyMDgzNTM=/tiny/Bitfarms-Ltd-.png" class="caas-img"/></noscript></div></div></div></figure></div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script><script async defer src="https://platform.instagram.com/en_US/embeds.js"></script> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMiT2h0dHBzOi8vZmluYW5jZS55YWhvby5jb20vbmV3cy9iaXRmYXJtcy1zZWxscy1sYS1wb2ludGUtcHJvcGVydHktMTIwMDAwMjUxLmh0bWzSAVdodHRwczovL2ZpbmFuY2UueWFob28uY29tL2FtcGh0bWwvbmV3cy9iaXRmYXJtcy1zZWxscy1sYS1wb2ludGUtcHJvcGVydHktMTIwMDAwMjUxLmh0bWw?oc=5">Source link </a>