BITFARMS LTD. ("BITF'')
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: April 7, 2022
TSX Venture Tier 2 Company
Further to an "at-the-market" offering of shares made pursuant to a Prospectus Supplement dated August 16, 2021 to the Company's Short Form Base Shelf Prospectus dated August 12, 2021 filed with the securities commissions in each of the provinces of Canada, TSX Venture Exchange has accepted for filing documentation with respect to the sales set out below under the "at-the-market" offering. TSX Venture Exchange has been advised by the Company that sales under the "at-the-market" offering during the entire period of the offering up to a quarter, which ended on March 31, 2022, occurred for gross proceeds of US$165,963,229.78.
Agent: H.C. Wainwright & Co., LLC
Offering: An aggregate of 27,606,528 common shares were issued from the beginning of the offering until March 31, 2022
Offering Price: average price of funds raised is US$5.75 per share, US$6.47 per share, US$4.26 per share and US$4.02 per share for each quarter from the beginning of the distribution
Agents' Fee: an aggregate of US$4,978,896.89
For further details, please refer to the Company's Short Form Base Shelf Prospectus dated August 12, 2021, Prospectus Supplement dated August 16, 2021 and filed on SEDAR and news release dated March 28, 2022.
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