Public market insider selling at Bitfarms (BITF)

Public market insider selling at Bitfarms (T:BITF)

Emiliano Joel Grodzki, CEO, Director and 10% Holder, disposed of 510,000 Common Shares on a direct ownership basis at prices ranging from US$7.869 to US$9.053 between November 22nd, 2021 and November 24th, 2021. This represents a $5,149,693 divestment of the company's shares and an account share holdings change of -4.3%.

In addition, Nicolas Bonta, a Senior Officer, Director and 10% Holder, disposed of 287,500 Common Shares on a direct ownership basis at a price of US$7.883 on November 24th, 2021. This represents a $2,873,068 divestment of the company's shares and an account share holdings change of -2.7%. Ben Gagnon, a Senior Officer, disposed of 125,000 Common Shares on a direct ownership basis at a price of $9.120 on November 26th, 2021. This represents a $1,140,000 divestment of the company's shares and an account share holdings change of -100.0%.

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.