Bitfarms Sells de la Pointe Property for US$3.6 Million in Net Proceeds

Bitfarms Sells de la Pointe Property for US$3.6 Million in Net Proceeds

Société de transport de Sherbrooke leverages electrical infrastructure for its green mobility initiative to create new eco-friendly bus and bike facility
This news release constitutes a “designated news release” for purposes of the Company’s prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021.
TORONTO and BROSSARD, Québec, Dec. 16, 2022 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, completed the sale of its de la Pointe property, receiving US$3.6 million in net proceeds.
“Today we closed on the sale of our de la Pointe location and received net cash proceeds of US$3.6 million, as expected,” said Geoff Morphy, President and COO of Bitfarms. “After an extensive due diligence and competitive process, Société de transport de Sherbrooke (STS) emerged as the successful bidder to acquire this facility, and it’s gratifying that Sherbrooke’s transportation agency

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