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Bitfarms Ltd
Symbol C : BITF
Shares Issued 57,074,875
Close 2019-08-13 C$ 1.27
Recent Sedar Documents

Bitfarms agreement for remainder of Backbone

2019-08-13 18:05 ET - Acquisition

The TSX Venture Exchange has accepted for filing documentation pertaining to the agreement to acquire 100-per-cent beneficial ownership of its operating entity, Backbone Hosting Solutions Inc.

Pursuant to the terms of the agreement entered into by shareholders of Backbone, Bitfarms will acquire 26,295,655 Class A voting common shares of Backbone, being the remaining 39.3 per cent of the issued and outstanding shares of Backbone not already owned by Bitfarms. As consideration for the purchased shares, Bitfarms will issue one common share in exchange for each purchased share, for 26,295,655 newly issued shares of Bitfarms.

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