Mr. Ben Gagnon reports

INDEPENDENT PROXY ADVISORY FIRMS, INCLUDING ISS, RECOMMEND BITFARMS SHAREHOLDERS VOTE FOR U.S. REDOMICILIATION

The leading independent proxy advisory firms, including Institutional Shareholder Services Inc. (ISS), have recommended shareholders vote for the special resolution to approve Bitfarms Ltd.'s United States redomiciliation ahead of the company's upcoming special meeting of shareholders to be held at 9 a.m. Eastern Time on March 20, 2026.

Recommendation highlights compelling strategic rationale for U.S. redomiciliation

Board of directors encourages shareholders to vote for the arrangement resolution today

In its report, ISS noted:

"The company presents a strong economic rationale for the redomiciliation: better access to U.S. capital, potential inclusion in additional indices, mitigation of regulatory and political risk, alignment with U.S. shareholder and customer requirements, and the transition from foreign private issuer to domestic SEC filer status."

Chief executive officer Ben Gagnon said: "We are pleased that ISS supports our board's unanimous recommendation that shareholders vote to approve our U.S. redomiciliation plan. ISS's report is an endorsement of the compelling strategic rationale for this transition and the value creation opportunities it will unlock as we complete our transformation from an international bitcoin miner to a North American digital infrastructure and energy company, Keel Infrastructure. With the meeting fast approaching, the board urges shareholders to cast their votes for the arrangement resolution today."

Your vote is important -- no matter how many shares you own

The arrangement resolution requires approval by at least two-thirds of the votes cast at the meeting. Shareholders can access the meeting on-line. The company has fixed the close of business on Feb. 13, 2026, as the record date for determining those shareholders entitled to receive notice of and to vote at the meeting. Even if you plan to attend the meeting, the company recommends that you vote your shares in advance of the proxy deadline of 9 a.m. Eastern Time on March 18, 2026.

Additional details about how to vote can be found in the management information circular and related documents that have been mailed to shareholders, filed with the Canadian securities regulatory authorities and made available under the company's SEDAR+ and EDGAR profiles, and the Securities and Exchange Commission. The circular can also be accessed at the company's website.

If you need assistance or have questions about how to vote your shares, Bitfarms' proxy solicitation agents are standing by to help. Shareholders in Canada can contact Laurel Hill Advisory Group by phone at 1-877-452-7184 (North American toll-free) or 416-304-0211 (outside North America), by texting "info" to either number, or by e-mail at assistance@laurelhill.com. Shareholders outside of Canada can contact Innisfree M&A Inc. by phone at 1-877-687-1871 (for United States and Canada toll-free) or 412-232-3651 (other countries).

The terms and conditions of the U.S. redomiciliation have been disclosed in further detail in the circular. Shareholders are encouraged to carefully read the circular in its entirety.

About Bitfarms Ltd.

Bitfarms is a North American digital infrastructure and energy company that develops, owns, and operates data centres and energy infrastructure for high performance computing and next-generation-technology applications, including artificial intelligence. The company currently maintains its legacy North American bitcoin mining operations to finance its development.

Bitfarms' 2.1-gigawatt North American energy portfolio comprises energized, under development and pipeline MW, located in established data centre clusters, with robust access to power and fibre infrastructure.

Bitfarms is headquartered in New York, N.Y., and Toronto, Ont., and traded on the Nasdaq and Toronto Stock Exchange

We seek Safe Harbor.