Bitfarms Ltd.
Bitfarms Ltd., a leading player in the cryptocurrency mining industry, is headquartered in Canada and operates major facilities across North America and South America. Founded in 2017, Bitfarms has rapidly established itself as a significant force in the sector, focusing on the efficient and sustainable mining of Bitcoin. The company is renowned for its innovative approach to mining, utilising advanced technology and renewable energy sources to optimise operations. Bitfarms offers a unique combination of scalability and cost-effectiveness, setting it apart from competitors. With a commitment to transparency and sustainability, Bitfarms has achieved notable milestones, including significant expansions of its mining capacity and strategic partnerships within the blockchain ecosystem. As a publicly traded entity, Bitfarms continues to strengthen its market position, making it a prominent name in the evolving landscape of cryptocurrency mining.
DitchCarbon Score
How does Bitfarms Ltd.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Computer Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Bitfarms Ltd.'s score of 25 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bitfarms Ltd.'s reported carbon emissions
Bitfarms Ltd., headquartered in Canada, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The company has not established any documented reduction targets or commitments to climate initiatives, such as those outlined by the Science Based Targets initiative (SBTi). As of now, Bitfarms Ltd. does not inherit emissions data from any parent or related organizations, indicating that their climate impact assessment is independent. Without specific emissions data or reduction commitments, it is unclear how Bitfarms Ltd. is addressing its carbon footprint or contributing to broader climate goals within the cryptocurrency mining industry. In the context of the industry, many companies are increasingly focusing on sustainability and carbon neutrality, but Bitfarms Ltd. has yet to publicly align with such initiatives.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bitfarms Ltd. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
