TechFlow, November 13 — Bitfarms (Nasdaq/Toronto Stock Exchange: BITF) today released its third-quarter 2025 financial results, reporting $69 million in revenue from continuing operations, a 156% year-over-year increase. The company successfully completed a $588 million convertible bond offering and announced the conversion of its Washington site into a high-performance computing facility supporting Nvidia GB300 GPUs, targeting completion by December 2026. Bitfarms has terminated its operations in Argentina and Paraguay, focusing exclusively on the North American market. As of November 12, Bitfarms held $814 million in liquidity, with adjusted EBITDA of $20 million, representing 28% of revenue. CEO Ben Gagnon stated that the company is transforming from an international Bitcoin miner into a North American energy and digital infrastructure company, leading the industry in developing infrastructure compatible with Nvidia's next-generation Vera Rubin GPUs.
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