Business Context and Reporting Period
This Form 6-K filing is submitted by Bitfarms Ltd., a foreign private issuer, for the month of May 2022. The report was signed on May 20, 2022, by L. Geoffrey Morphy, President. The filing serves to incorporate specific exhibits by reference into the company's Registration Statement on Form F-10 (File No. 333-258788). Note: The request metadata references "Keel Infrastructure Corp.," but the filing text explicitly identifies the registrant as Bitfarms Ltd.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a procedural filing to attach legal agreements and contracts rather than a financial results report.
Material Changes and Exhibits
The filing incorporates the following material agreements by reference:
- Sales Contracts: Agreements dated July 3, 2021, with SuperAcme Technology (Hong Kong) Limited, Shenzhen DJ Technology Co, Ltd., and Inchigle Technology Hong Kong Limited.
- Revolving Credit Agreement: Dated December 30, 2021, between Backbone Hosting Solutions Inc. and Galaxy Digital LLC.
- Custodial Services Agreement: Dated April 21, 2021, between Backbone Hosting Solutions Inc. and Coinbase Custody Trust Company, LLC.
- Power Supply Offer: From GMSA to Backbone Hosting Solutions Inc., dated February 2021.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, or specific risk factors. The document is limited to the incorporation of the exhibits listed above.
Investor Verification Checklist
- Verify the terms and conditions of the Revolving Credit Agreement with Galaxy Digital LLC (Exhibit 99.4) to understand debt covenants and capacity.
- Review the Sales Contracts (Exhibits 99.1, 99.2, 99.3) to confirm the status of equipment procurement and delivery obligations.
- Confirm the operational status of the Power Supply Offer from GMSA (Exhibit 99.6) and its impact on mining capacity.
- Check subsequent filings for actual financial performance data, as this 6-K contains no financial statements.