Powering blockchain with sustainable energy
Bitfarms owns and operates blockchain farms that power the modern digital landscape of the economy.
We are located in Eastern Canada where the climate, open space and the accessibility to hydroelectricity, a clean and renewable energy, provide an ideal environment for cryptocurrency mining. We prioritize a sustainable approach just as much as a healthy bottom line.
Building the infrastructure that holds our future
Hosting tomorrow’s growth
Through reliable skill
Bitfarms has built a strong and well-managed team. The 100% vertically integrated operation handles everything from design, construction and operations; with a leadership team that is involved at the core of it all.
How Bitfarms remains top tier
Bitfarms stands its ground as leader of blockchain value creation because its expertise is based on thorough insights and first-hand experience. Since 2009, investments and breakthroughs have been made throughout the world by our management and its supporting teams.
Management team and board of directors
The leaders of blockchain
Wes manages corporate direction and strategy at Bitfarms, facilitating company activity in capital markets, sales, marketing, strategic alliances and business development. Prior to Bitfarms, Wes led the financial institutions and fintech investment banking practice for one of Canada's largest financial institutions, Desjardins Group, and during his 12-year banking career has led over 100 successful financings and M&A transactions. Mr. Fulford is a CFA charterholder and has a B. Comm. (Honours) degree.
John is a Chartered Professional Accountant (CPA, CA) with over 20 years of business experience gained at global professional services firms and Fortune 500 companies. John began his career at KPMG LLP and PriceWaterhouseCoopers LLP and for the past 7 years, John served as a senior finance executive at private equity portfolio companies owned by Brookfield Asset Management and Centerbridge Partners LLP. John is responsible for the overall financial governance, controls, planning and reporting of the Company and plays an essential role in the execution of all strategic initiatives.
Pierre-Luc, one of the founders of Bitfarms, recognized the importance of blockchain technology and cryptocurrencies for the future. He is responsible for overseeing activities and developing strategy pertaining to the company's operations. He has over 20 years of experience building professional large-scale data centres and founded Globo.Tech Communications in 1999, while still attending high school. As an early adopter of broadband, the proliferation of digital content accessibility and the consumerization of the web, Globo.Tech made investments in critical internet infrastructures and provided various internet hosting solutions and DDoS mitigation far before these became well-known business models.
Nicolas is an Argentinian hotelier and real estate Investor. In 1998, Nicolas founded one of the first boutique hotel companies in Argentina named "Own Hotels" which has grown to 6 locations in the city of Buenos Aires and Montevideo, Uruguay. He took on the role of Chairman of the Board of Directors and strategic planification for the development of Bitfarms.
Emiliano is an Argentinian entrepreneur and businessman. He has been a business builder and innovator since his early teens, founding, incubating, and exiting interdisciplinary ventures in the design, food, and construction industries. In 2016, Emiliano discovered the world of cryptocurrencies and began to invest in and mine cryptocurrencies from Argentina. His vast business experience is put to good use at Bitfarms where he handles the company's vision and strategy.
Mathieu is a software wizard and internet entrepreneur with over 15 years of experience in designing, engineering, and scaling software and hardware internet technology ventures. After founding Bitfarms he took on the task of creating and maintaining everything related to code to support the advancement in Blockchain and Cryptocurrency for the company as the director of software engineering.
Louis oversees Bitfarms' processing centers infrastructure design and global network engineering, deployment and operation. He has more than 7 years of experience in cryptocurrencies, blockchain technologies and system administration. After working with Pierre-Luc and Anthony at Globo.Tech he was the first to join Bitfarms since inception to lead the design and build of Bitfarms' processing centers.
Anthony plans and leads the deployment and daily operations of the company's processing centers infrastructures and is an crucial part of Bitfarms' business development efforts. He has more than 15 years of experience in IT serving as Globo.Tech Chief Product Officer, specializing in the development of products related to cloud computing and virtualization.
Ryan is responsible for oversight of all legal at Bitfarms and a member of the executive team responsible for the strategic vision of the company. Prior to joining Bitfarms, Ryan practiced at McCarthy Tétrault LLP since being called to the Ontario Bar in 2010. He was most recently a partner in the Business Law Group in both Toronto and New York offices where he maintained a general corporate practice which included corporate finance (debt and equity), securities, mergers and acquisitions and advising on various matters relating to corporate governance.
100% owned and operated farms
Design, construction, and operations; all mastered in-house by our employees and contractors.
Clean & renewable energy
With low hydroelectricity rates, reliable infrastructure, innovative universities and supportive policymakers, the province of Quebec provides ideal conditions.
Superior technical know-how
After having created the largest independent hosting companies in Canada, our founders have assembled a leadership team that possess unparalleled technical expertise.
Efficient procurement and maintenance
Excellent reciprocal relationships with leading chip and hardware manufacturers translate to quick turnaround and sustainable growth.
100% owned electrical contractors
With a team of 24 electricians in-house we can easily manage 24/7 shifts and expedited facility buildouts.
Strong return on investment
We regularly sell mined coins and redeploy the proceeds into ongoing growth following our prudent capital allocation strategy.
On-site repair lab & training center
With our own lab and training center devoted to microelectronic hardware repair, the need to ship overseas is eliminated, downtime is reduced and quality repairs are ensured.
bitfarms is different
Backbone Hosting Solutions Inc. completed the reverse acquisition of Bitfarms (TASE & OTC: BLLCF) (formerly Blockchain Mining Ltd.) in April 2018. Prior to the transaction, Bitfarms invested in land and natural resource assets. The investments consisted primarily of iron deposits located in the United States. Bitfarms continues to hold these investments, however, its primary focus is on owning and operating blockchain farms that power the global decentralized financial economy.
† On top of the 23 million shares acquired from Bitfarms, Bitfarms Technologies Ltd. has an additional 17.3 million shares reserved for issuance as part of the original share exchange agreement. Furthermore, Bitfarms Technologies Ltd. anticipates proposing a second share exchange agreement to issue 26.2 million shares for the remaining issued and outstanding shares of Bitfarms.