Investor Presentaiton
Safe Harbor Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange,
securities commission or other regulatory authority has approved or disapproved the information
contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange), Nasdaq or any other securities exchange or
regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This presentation contains certain "forward-looking information" and "forward-looking statements"
(collectively "forward-looking information") that are based on expectations, estimates and projections
as at the date of this presentation and are covered by safe harbors under Canadian and U.S. securities
laws. The information in this presentation about future plans and objectives of the Company is
forward-looking information. Other forward-looking information includes, but is not limited to,
estimates and forecasts for 2021 and future growth, hash rate, installed hash rate, installed megawatts,
growth milestones and expansion plans (including computational goals) and other information
concerning: the intentions, plans and future actions of the Company, as well as Bitfarms' ability to
successfully mine digital currency, revenue increasing as currently anticipated, the ability to profitably
liquidate current and future digital currency inventory, volatility of network difficulty and digital
currency prices and the resulting significant negative impact on the Company's operations, the
construction and operation of expanded blockchain infrastructure as currently planned, and the
regulatory environment of cryptocurrency in the applicable jurisdictions.
Any statements that involve discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions, future events or performance (often but not always using phrases
such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans",
"budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words
and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or
"will" be taken to occur or be achieved) are not statements of historical fact and may be forward-
looking information and are intended to identify forward-looking information.
This forward-looking information is based on reasonable assumptions and estimates of management of
the Company at the time it was made, and involves known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievements expressed or implied by such
forward-looking information. Such factors include, among others, risks relating to: the global economic
climate; dilution; the Company's limited operating history; future capital needs and uncertainty of
additional financing; the competitive nature of the industry; currency exchange risks; the need for the
Company to manage its planned growth and expansion; the effects of product development and need
for continued technology change; protection of proprietary rights; the effect of government regulation
and compliance on the Company and the industry; network security risks; the ability of the Company to
maintain properly working systems; reliance on key personnel; global economic and financial market
deterioration impeding access to capital or increasing the cost of capital; and volatile securities
markets impacting security pricing unrelated to operating performance. In addition, particular factors
that could impact future results of the business of Bitfarms include, but are not limited to: the
construction and operation of blockchain infrastructure may not occur as currently planned, or at all;
expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability
to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may
not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital
currency prices may have a significant negative impact on operations; an increase in network difficulty
may have a significant negative impact on operations; the volatility of digital currency prices;
cybersecurity attacks such as from malicious actors seeking to exploit vulnerabilities in the computer
network operated by Bitfarms or who gain unauthorized access to Bitfarms' digital wallets and
custodial accounts; an increase in the cost of electricity may have a significant negative impact on
operations; planned or unplanned electrical disruptions may have a significant negative impact on
operations; the anticipated growth and sustainability of hydroelectricity for the purposes of
cryptocurrency mining in the applicable jurisdictions, the ability to complete current and future
financings, any regulations or laws that will prevent Bitfarms from operating its business; historical
prices of digital currencies and the ability to mine digital currencies that will be consistent with
historical prices; an inability to predict and counteract the effects of COVID-19 on the business of the
Company, including but not limited to the effects of COVID-19 on the price of digital currencies, capital
market conditions, restriction on labour and international travel and supply chains; and, the adoption
or expansion of any regulation or law that will prevent Bitfarms from operating its business, or make it
more costly to do so. For further information concerning these and other risks and uncertainties, refer
to the Company's filings on www.SEDAR.com including the annual information form for the year ended
December 31, 2020, filed on April 7, 2021. The Company has also assumed that no significant events
occur outside of Bitfarms' normal course of business. Although the Company has attempted to identify
important factors that could cause actual results to differ materially from those expressed in forward-
looking statements, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be accurate as actual results
and future events could differ materially from those anticipated in such statements. 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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