Business Context and Reporting Period
This Form 6-K filing by Bitfarms Ltd. (not Keel Infrastructure Corp.) covers the month of November 2024, with a specific reporting date of November 1, 2024. The registrant is a foreign private issuer headquartered in Toronto, Ontario, Canada, and files annual reports on Form 40-F.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document serves as a notification of material changes rather than a financial statement.
Material Changes
- Hosting Agreement: On October 29, 2024, Bitfarms Ltd. entered into a Hosting Agreement with Stronghold Digital Mining Hosting, LLC and Backbone Mining Solutions LLC (Exhibit 99.2).
- Material Change Reports: The company filed two material change reports with Canadian Securities Regulatory Authorities on October 31, 2024, and November 1, 2024, which are incorporated by reference into this filing.
Guidance, Outlook, and Risks
The filing text does not contain specific management commentary, financial guidance, or a detailed discussion of risks and contingencies. It references attached press releases (Exhibits 99.1 and 99.3) for further details on the material changes.
Investor Verification Checklist
- Verify the terms and financial impact of the Hosting Agreement with Stronghold Digital Mining Hosting, LLC and Backbone Mining Solutions LLC.
- Review the full text of the Material Change Reports dated October 31, 2024, and November 1, 2024, filed on SEDAR+.
- Confirm the operational implications of the new hosting arrangement on Bitfarms' mining capacity.