Bitfarms Ltd.
Climate Impact & Sustainability Data (February 2024)
Reporting Period: February 2024
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Predominantly hydro-electric
Total Energy Consumption:240 MW (February 2024)
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Sustainable Energy
Environmental Achievements
- Increased hydropower usage in mining operations.
- 12 Bitmain T21 miners installed and testing above specifications for energy efficiency (outperforming manufacturer's specs in normal and high-energy modes).
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- 21 EH/s by year-end 2024
Medium-term Goals:
- 17 EH/s in H2 of 2024
Short-term Goals:
- 12 EH/s and 25 w/TH by end of Q2 2024
Environmental Challenges
- Participation in grid-stabilizing curtailment programs reduced February production.
- Fewer production days in February impacted output.
- 16.2% increased difficulty in February.
Mitigation Strategies
- Executing a fleet upgrade to increase hashrate and improve energy efficiency.
- Expanding mining operations in Paraguay (Paso Pe and Yguazu).
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed