Business Context and Reporting Period
This Form 6-K filing is submitted by Bitfarms Ltd. (not Keel Infrastructure Corp.) for the month of August 2021, with a filing date of August 16, 2021. The registrant is a Foreign Private Issuer based in Toronto, Ontario, Canada, and files annual reports under Form 40-F. The filing serves to incorporate by reference an At The Market Offering Agreement and a related news release into the Company's Registration Statement on Form F-10.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a procedural filing to disclose a new financing agreement rather than a financial results report.
Material Changes
The primary material event disclosed is the execution of an At The Market Offering Agreement dated August 16, 2021, between Bitfarms Ltd. and H.C. Wainwright & Co., LLC. This agreement establishes a framework for the Company to offer and sell shares of its common stock.
Guidance, Outlook, and Risks
The filing does not contain specific management commentary, financial guidance, or a detailed risk assessment. The document focuses solely on the incorporation of the offering agreement and the accompanying news release by reference.
Investor Verification Checklist
- Verify the terms of the At The Market Offering Agreement (Exhibit 99.1) to understand the maximum aggregate offering price and duration.
- Review the News Release dated August 16, 2021 (Exhibit 99.2) for details on the purpose of the capital raise.
- Confirm the Company's current share count and outstanding debt levels in the most recent Form 40-F or 10-K, as this filing does not update those figures.
- Note the discrepancy in the request metadata: the filing is for Bitfarms Ltd., not Keel Infrastructure Corp.