Q1 2021 INVESTOR CALL PRESENTATION
Caution regarding
forward looking statements
This presentation (the "Presentation") has been prepared by Bitfarms Ltd., operating under the
commercial brand "BitfarmsTM" (the "Company"), and is being delivered for information purposes
only. The Presentation is confidential and is made available strictly on the basis that it will not be
reproduced, redistributed or disclosed, in whole or in part, to any other person at any time, nor its
contents disclosed or used for any purpose, without the prior written consent of the Company. The
Presentation does not contain all information that a prospective investor may require. It is an overview
only and does not contain all information necessary or desirable for investment decisions. Unless
otherwise specified in the Presentation, information contained in the Presentation may not be current.
No reliance may be placed for any purpose whatsoever on the information contained in the Presentation
or on its completeness, and no liability whatsoever is accepted for any loss howsoever arising from any
use of the Presentation or its contents or otherwise in connection therewith.
Certain statements contained in the Presentation constitute forward-looking statements and forward-
looking information (collectively, "Forward-looking Statements") and the Company cautions recipients of
the Presentation about important factors that could cause the Company's actual results to differ
materially from those projected in any Forward-looking Statements included in the Presentation. Any
statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions
or future events or performance (often, but not always, through the use of words or phrases such as "will
likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes",
"estimates, "intends", "plans", "forecast", "projection" and "outlook") are not historical facts and may be
Forward-looking Statements and may involve estimates, assumptions and uncertainties which could cause
actual results or outcomes to differ materially from those expressed in such Forward-looking Statements.
No assurance can be given that these expectations will prove to be correct, and such Forward-looking
Statements included in the Presentation should not be relied upon. In addition, the Presentation may
contain Forward-looking Statements attributed to third party industry sources.
Forward-looking statements reflect the Company's current estimates, beliefs and assumptions, which are
based on management's perception of historical trends, current conditions and expected future
developments, as well as other factors it believes are appropriate in the circumstances. The Company's
expectation of operating and financial performance in Q1 2021 is based on certain assumptions including
assumptions about operational growth, anticipated cost savings, operating efficiencies, anticipated
benefits from strategic initiatives, future liquidity, and planned capital investments. The Company's
estimates, beliefs and assumptions are inherently subject to significant business, economic, competitive
and other uncertainties and contingencies regarding future events and as such, are subject to change. The
Company can give no assurance that such estimates, beliefs and assumptions will prove to be correct.
Neither the Presentation nor any copy of it may be taken or transmitted except in compliance with the
applicable securities laws and the prior written consent of the Company. By accepting the Presentation,
the recipient represents and warrants that it is a person to whom the Presentation may be delivered or
distributed without a violation of the laws of any relevant jurisdiction. No securities commission or other
regulatory authority in any jurisdiction has passed upon this information. The Presentation and the
information do not constitute an offer of securities for sale in the United States. Accordingly, readers
should not place undue reliance on forward-looking information. The Company undertakes no obligation
to revise or update any forward-looking information other than as required by law.
Bitfarms
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