Bitfarms Ltd. Sustainability Profile
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 28 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
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 there are no emissions data or reduction initiatives available, it is unclear how Bitfarms Ltd. is addressing its carbon footprint or contributing to climate action within the cryptocurrency mining industry. The lack of reported emissions and climate commitments suggests that further transparency and action may be necessary for the company to align with industry standards and expectations regarding sustainability and environmental responsibility.
How Carbon Intensive is Bitfarms Ltd.'s Industry?
How Carbon Intensive is Bitfarms Ltd.'s Location?
Bitfarms Ltd.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bitfarms Ltd. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
