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Generating Cash From Mining Operations

INCREASING FINANCIAL FLEXIBILITY September 30, 2022 $76M total liquidity $36M cash • $40M digital assets (value of 2,064 BTC¹) $27M in total debt reduction in Q3 ● $15M in bitcoin-back credit facility • $12M in equipment financing 2 of our highest rate interest equipment loans matured and repaid in full All financial obligations maturing before 2024 halving 1. BTC price of $19,400 as at September 30, 2022 Bitfarms 12

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