Mission Statement, Vision, & Core Values (2026) of Bitfarms Ltd.

Step into the world of Bitfarms Ltd., a global, vertically integrated operator of Bitcoin mining and high-performance computing infrastructure with multiple data centers across North and South America that in March 2025 bolstered its energy portfolio and HPC capabilities by acquiring Stronghold Digital Mining, and that reported Q1 2025 revenue of $67 million-a 33% year-over-year increase-underscoring momentum behind its stated mission 'to power tomorrow's economy by building resilient, energy-efficient digital infrastructure' and its vision of 'empowering the digital financial economy with trust, transparency, and high industry standards,' all guided by core values of respect, accountability, integrity and safety as the company diversifies into HPC and AI while maintaining a foundation in Bitcoin mining.

Bitfarms Ltd. (BITF) - Intro

• To build resilient, energy-efficient digital infrastructure that secures and scales the Bitcoin network while enabling high-performance computing (HPC) and AI workloads.
• To align mining operations with sustainable energy practices and maximize long-term shareholder value through disciplined capex and operational efficiency.

• To be a leading, vertically integrated provider of decentralized compute - powering Bitcoin security and next-generation HPC/AI - with a carbon-aware footprint across North and South America.
• To evolve from a pure-play miner into a diversified digital infrastructure platform that monetizes compute across multiple revenue streams.

• Operational Excellence - continuous improvement in hash-rate-per-watt and uptime across data centers.
• Transparency - clear, timely reporting of operational and financial metrics to stakeholders.
• Sustainability - prioritizing low-cost, renewable and waste-heat-capture energy sources.
• Innovation - repurposing capacity for HPC and AI while modernizing mining fleets.
• Responsibility - safe, compliant operations in multiple jurisdictions.

• Vertically integrated model: in-house data center development, equipment procurement, and operations to capture margin across the value chain.
• Geographic diversification: multiple data centers across North America and South America to optimize energy sourcing and regulatory exposure.
• March 2025 acquisition: completed purchase of Stronghold Digital Mining, adding incremental energy contracts, waste-heat opportunities, and HPC-capable facilities to Bitfarms' portfolio.
• Dual-focus growth: maintaining Bitcoin mining as the core cash-generating business while strategically converting excess capacity to HPC/AI compute services.

• Revenue diversification: monetize idle or cyclical mining capacity via HPC and AI compute contracts.
• Cost control: improve hash-rate-per-watt through fleet upgrades and site-level PUE optimization.
• Capital allocation: balance reinvestment in capacity with debt reduction and shareholder returns when appropriate.

• Focus on low-cost, long-term energy contracts and direct renewable sourcing where feasible.
• Leverage waste-heat recovery and co-location benefits from acquired Stronghold assets to improve site economics.
• Implement continuous measurement of carbon intensity per BTC mined and set reduction targets aligned with operational expansion.

• Public reporting cadence: quarterly operational KPIs (hash rate, BTC mined, power capacity) coupled with financial disclosures.
• Risk management: geographic diversification and contractual hedges to mitigate power and regulatory risk.
• Stakeholder engagement: investor communications, community energy partnerships, and transparent sustainability reporting.

Bitfarms Ltd. (BITF) Overview

• Energy efficiency: continuous deployment of next-generation ASICs, liquid cooling pilots, and site-level optimization to lower joules per terahash.
• Renewables integration: long-term power purchase agreements and on-site renewables to reduce Scope 2 emissions and stabilize electricity costs.
• Diversification: preparing infrastructure to host non-mining compute (AI training, colocation) to leverage existing grid connections and datacenter footprints.

• Cost control and power-cost optimization to protect margins during BTC price volatility.
• CapEx discipline: staged expansions tied to long-term contracted or low-cost renewables.
• Revenue diversity: monetizing datacenter capacity with non-mining compute as Bitcoin mining revenue is cyclic.

• Power usage effectiveness (PUE) and joules per TH - targets to reduce energy per hash year-over-year.
• Percentage of consumed energy from renewables and contracted baseload capacity.
• BTC mined per MW and cash cost per BTC mined to evaluate economic efficiency.

• Positioning as a digital infrastructure provider rather than a pure-play miner increases optionality into AI and HPC markets.
• Renewables-led strategy reduces carbon intensity and aligns with investor and regulatory ESG expectations.
• Energy-efficient operations and long-term power contracts help stabilize margins in down cycles and create value for shareholders.

Bitfarms Ltd. (BITF) Mission Statement

• Trust and transparency as foundations for long-term stakeholder relationships.
• Benchmark-setting operational and governance standards across digital infrastructure.
• Support for the evolving landscape of digital assets through reliable compute capacity.
• Continual innovation and sustainability improvements across facilities and fleet.
• A forward-thinking role as a leader in digital infrastructure and financial networks.

• Operational Integrity - rigorous reporting, auditable metrics, and on-site controls.
• Energy Responsibility - prioritizing low-cost, low-emission power sources and energy-efficiency at scale.
• Transparency - frequent public disclosures for hashrate, production and financials.
• Scalability - modular capacity growth while optimizing unit economics.
• Innovation - iterative hardware refreshes, data-driven operations, and strategic partnerships.

• Grid and renewable mix: diversified procurement to lower CO2 intensity and secure cost advantages.
• Hardware lifecycle: ongoing ASIC refresh cycles to improve joules-per-TH and reduce unit costs.
• Site-level metrics: real-time hashrate telemetry and independent verification practices for investor transparency.

• Regular financial and operational disclosures with third-party attestation of production and hashrate.
• Capital allocation focused on fleet expansion, energy contracts, and balance-sheet conservatism.
• Stakeholder communication emphasizing measurable KPIs (BTC mined, hashrate, cost per BTC, power costs).

Bitfarms Ltd. (BITF) - Vision Statement

• Respect - honoring local communities, land, and ecosystems where operations are sited, and optimizing site selection to minimize environmental impact.
• Accountability - owning operational outcomes, financial stewardship, and environmental reporting to foster stakeholder trust.
• Integrity - committing to transparent disclosure, ethical conduct, and adherence to regulatory and industry best practices.
• Safety - prioritizing workforce and community health through rigorous safety systems, training, and continuous improvement.

• Respect: environmental impact assessments, community engagement programs, and prioritization of hydro/renewable electricity sources at multiple facilities.
• Accountability: quarterly disclosures of mining performance, energy usage metrics, and governance updates to investors and regulators.
• Integrity: adherence to financial reporting standards, external audits, and transparent communication about operational constraints and risks.
• Safety: implementation of ISO-like procedures, employee safety training, and investments in facility safety systems to reduce incident rates.

• Board oversight tied to operational resiliency and ESG oversight to ensure sustainability of growth plans.
• Management KPIs link hash rate growth, cost-per-BTC produced, and energy-efficiency improvements with executive compensation incentives.