Public market insider selling at Bitfarms (BITF)

Public market insider selling at Bitfarms (T:BITF)

Nicolas Bonta, a Senior Officer, Director and 10% Holder, disposed of 500,000 Common Shares on a direct ownership basis at prices ranging from US$5.208 to US$5.249 between December 30th, 2021 and December 31st, 2021. This represents a $3,327,051 divestment of the company's shares and an account share holdings change of -5.3%.

Bitfarms is in the Financial Technology (Fintech) Sub Industry Group under the Technology Sector.

Bitfarms Ltd. is primarily engaged in the cryptocurrency mining industry, which is vertically integrated in mining operations with onsite technical repair, data analytics and Company-owned electrical engineering and installation services. The Company operates cryptocurrency mining operations in North America. It operates in two segments: the cryptocurrency mining segment (Backbone) and the electrical services segment (Volta). The Backbone segment operates server farms that support the validation and verification of transactions on the blockchain, earning cryptocurrency for providing these services. The Volta segment provides electrician services to both commercial and residential customers in Quebec.