On November 11, 2018 Bitfarms Ltd. (“Bitfarms” or the “Company”) announced it had filed a preliminary prospectus with the Ontario Securities Commission on November 9, 2018. Details of a potential business arrangement (the “Potential Transaction”) between Bitfarms and a newly created Canadian private company (“Bitfarms Canada”) are described in the prospectus.

Bitfarms, through its transaction with Backbone Hosting Solutions Inc., owns and operates blockchain farms that power the global decentralized financial economy. Providing computing power to numerous cryptocurrency networks.

 

Peterson McVicar acted for Bitfarms Ltd. with a team that included Dennis Peterson, Peter Georgas and Taylor Dignan.