Bitfarms

BITF • NASDAQ

Bitfarms is a financial - capital markets company in the financial services sector on NASDAQ, led by Ben Gagnon, with a market cap of $1.6B. As of Q3 2025, 32% of shares are held by 165 institutional investors, with Invesco Ltd. as the largest holder at 2.6%.

Chief Executive OfficerBen Gagnon

Market Cap$1.6B

Financial - Capital Markets

Financial Services

Employees170.0

Websitebitfarms.com

Overview

Overview of institutional ownership in BITF as of Q3 2025 with a market cap of $1.6B

All Institutions

Institutions: 165
Value Held: $497.6M
Shares Held: 176.2M
Avg Position: $3.0M
Median Position: $177.7K

Hedge Funds

Hedge Funds: 22
Value Held: $162.1M
Shares Held: 57.5M
Avg Position: $7.4M
Median Position: $2.1M

Ownership Breakdown

Institutional (non-HF)

21.53%

$335.5M

Hedge Funds

10.4%

$162.1M

Retail & Other

68.07%

$1.1B

Based on market cap of $1.6B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in BITF as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$40.5M 0.01% of portfolio	2.60% 14.4M shares	Q2 2021 Held for 4y 5m	$633.08B
J JANE STREET GROUP, LLC Institution	-	$38.1M 0.05% of portfolio	2.44% 13.5M shares	Q2 2021 Held for 4y 5m	$84.1B
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	-	$34.9M 0.05% of portfolio	2.24% 12.4M shares	Q3 2021 Held for 4y 2m	$67.9B
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$30.9M 0.03% of portfolio	1.98% 11.0M shares	Q2 2021 Held for 4y 5m	$122.08B
M MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Institution	-	$19.9M 0.03% of portfolio	1.28% 7.1M shares	Q2 2024 Held for 1y 5m	$61.8B
THAMES CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	Jay Scott Genzer Managing Partner	$19.8M 2.85% of portfolio	1.27% 7.0M shares	Q3 2025 Held for 2 months	$696.8M
Aurelius Capital Management, LP Hedge Fund•Distressed	Mark David Brodsky Chairman	$19.0M 34.42% of portfolio	1.22% 6.7M shares	Q3 2025 Held for 2 months	$55.2M
C CastleKnight Management LP Hedge Fund•Event Driven	Aaron Michael Weitman CIO	$18.9M 1.01% of portfolio	1.21% 6.7M shares	Q3 2025 Held for 2 months	$1.9B
Vident Advisory, LLC ETF Provider	Vince Leonard Birley CEO	$18.8M 0.18% of portfolio	1.21% 6.7M shares	Q3 2023 Held for 2y 2m	$10.2B
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	Steven Alan Cohen CEO	$18.2M 0.04% of portfolio	1.17% 6.5M shares	Q3 2025 Held for 2 months	$43.2B

Net Capital Flow

Institutional buying and selling activity for BITF in Q3 2025

Traded: +$257.7M
Buyers: 109
Sellers: 42
Total Bought: +$293.5M
Total Sold: −$35.7M
Avg Position: $2.7M

Biggest Buyers

Institution	Net Bought	Current Position
J JANE STREET GROUP, LLC Institution	+$37.8M +13.4M shares	$38.1M 13.5M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$29.5M +10.5M shares	$30.9M 11.0M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$27.3M +9.7M shares	$34.9M 12.4M shares
THAMES CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	+$19.8M +7.0M shares	$19.8M 7.0M shares
Aurelius Capital Management, LP Hedge Fund•Distressed	+$19.0M +6.7M shares	$19.0M 6.7M shares
C CastleKnight Management LP Hedge Fund•Event Driven	+$18.9M +6.7M shares	$18.9M 6.7M shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	+$18.2M +6.5M shares	$18.2M 6.5M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$12.4M +4.4M shares	$12.4M 4.4M shares
Azora Capital LP Hedge Fund•Long/Short	+$11.5M +4.1M shares	$11.5M 4.1M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$10.7M +3.8M shares	$11.5M 4.1M shares

Biggest Sellers

Institution	Net Sold	Current Position
Vident Advisory, LLC ETF Provider	−$13.2M −4.7M shares	$18.8M 6.7M shares
M MMCAP International Inc. SPC Institution	−$10.7M −3.8M shares	$7.9M 2.8M shares
B BIT Capital GmbH Institution	−$2.6M −913.2K shares	$9.7M 3.4M shares
UBS Group AG Institution	−$2.3M −804.2K shares	$8.4M 3.0M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	−$1.5M −515.8K shares	$8.3M 2.9M shares
B BANCO BILBAO VIZCAYA ARGENTARIA, S.A. RIA/Wealth	−$1.4M −481.1K shares	$659.0K 234.1K shares
B BlackRock, Inc. Institution	−$974.3K −345.5K shares	$5.2M 1.8M shares
Keebeck Wealth Management, LLC RIA/Wealth	−$471.6K −167.3K shares	$155.1K 55.0K shares
Mariner Wealth Advisors, LLC RIA/Wealth	−$307.8K −109.1K shares	$1.3M 462.6K shares
S SBI Securities Co., Ltd. Institution	−$307.2K −108.9K shares	$219.6K 77.9K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited BITF in Q3 2025

New Positions: 32
New Value: $100.5M
Exited Positions: 16
Exited Value: $838.7K

New Positions

Institution	Position Value
THAMES CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	$19.8M 7.0M shares
Aurelius Capital Management, LP Hedge Fund•Distressed	$19.0M 6.7M shares
C CastleKnight Management LP Hedge Fund•Event Driven	$18.9M 6.7M shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$18.2M 6.5M shares
Azora Capital LP Hedge Fund•Long/Short	$11.5M 4.1M shares
D D. E. Shaw & Co., Inc. Institution	$5.8M 2.1M shares
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Market Neutral	$1.5M 549.0K shares
Caption Management, LLC Hedge Fund•Long/Short	$1.3M 469.8K shares
Alight Capital Management LP Hedge Fund•Long/Short	$1.1M 400.0K shares
Arete Wealth Advisors, LLC RIA/Wealth	$1.0M 365.2K shares

Exited Positions

Institution	Previous Position
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$248.0K 295.2K shares
TORONTO DOMINION BANK Institution	$155.4K 187.2K shares
V Virtu Financial LLC Institution	$130.7K 155.5K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$126.6K 150.7K shares
Blue Rock Wealth Management LLC RIA/Wealth	$63.0K 75.0K shares
W Winton Capital Group Ltd Institution	$42.7K 50.8K shares
W WOLVERINE TRADING, LLC Institution	$39.2K 52.5K shares
Financial Advocates Investment Management RIA/Wealth	$12.5K 14.9K shares
Traynor Capital Management, Inc. RIA/Wealth	$10.1K 12.0K shares
Compass Planning Associates Inc RIA/Wealth	$8.4K 10.0K shares

Options Activity

Institutions with the largest Call and Put options positions in BITF as of Q3 2025

Call Positions: 20
Call Value: $47.6M
Put Positions: 8
Put Value: $27.2M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$12.4M 44.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$11.7M 41.5K contracts
B Brevan Howard Capital Management LP Institution	$7.1M 25.0K contracts
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	$3.3M 11.8K contracts
J JANE STREET GROUP, LLC Institution	$2.8M 9.7K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$2.4M 8.6K contracts
Centiva Capital, LP Hedge Fund•Multi-Strategy	$1.4M 5.0K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$1.4M 5.0K contracts
S SYMMETRY PEAK MANAGEMENT LLC Institution	$1.2M 4.2K contracts
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$1.2M 4.2K contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$9.9M 35.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$8.1M 28.7K contracts
J JANE STREET GROUP, LLC Institution	$6.9M 24.3K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$1.9M 6.9K contracts
BANK OF MONTREAL /CAN/ Institution	$379.7K 1.3K contracts
Walleye Trading LLC RIA/Wealth	$7.3K 26.0 contracts
HighTower Advisors, LLC RIA/Wealth	$6.4K 130.0 contracts
W WOLVERINE TRADING, LLC Institution	- - contracts

Most Committed Institutions

Institutions with BITF as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Aurelius Capital Management, LP Hedge Fund•Distressed	Mark David Brodsky Chairman	34.42% $19.0M	1.22% 6.7M shares	Q3 2025 Held for 2 months	$55.2M
THAMES CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	Jay Scott Genzer Managing Partner	2.85% $19.8M	1.27% 7.0M shares	Q3 2025 Held for 2 months	$696.8M
CONTINENTAL GENERAL INSURANCE CO Real Assets	Carlos Pedro Vaz CEO	1.48% $7.6M	0.49% 2.7M shares	Q1 2025 Held for 8 months	$514.2M
M MMCAP International Inc. SPC Institution	-	1.05% $7.9M	0.51% 2.8M shares	Q2 2024 Held for 1y 5m	$752.3M
C CastleKnight Management LP Hedge Fund•Event Driven	Aaron Michael Weitman CIO	1.01% $18.9M	1.21% 6.7M shares	Q3 2025 Held for 2 months	$1.9B
B B. Riley Asset Management, LLC Hedge Fund•Long/Short	Wesley Carl Cummins President	0.75% $296.3K	0.02% 105.1K shares	Q3 2024 Held for 1y 2m	$39.3M
S SYMMETRY PEAK MANAGEMENT LLC Institution	-	0.66% $89.6K	0.01% 31.8K shares	Q3 2025 Held for 2 months	$13.6M
Azora Capital LP Hedge Fund•Long/Short	Ravi (Nmn) Chopra CIO	0.53% $11.5M	0.74% 4.1M shares	Q3 2025 Held for 2 months	$2.2B
B BIT Capital GmbH Institution	-	0.44% $9.7M	0.62% 3.4M shares	Q3 2021 Held for 4y 2m	$2.2B
G GROUP ONE TRADING, L.P. Institution	-	0.28% $9.3M	0.60% 3.3M shares	Q3 2023 Held for 2y 2m	$3.3B

Hedge Fund Spotlight

Discover hedge funds investing in BITF

Engineers Gate Manager LP

Hedge Fund • Quant

Portfolio ManagerRobert Gregory Eisner

Portfolio Value: $8.8B
Positions: 2,112
Last Reported: Q3 2025

Sector Allocation

Position in Bitfarms

Market Value: $55.0K
Shares Held: 19.5K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Invesco QQQ Trust QQQ	ETF ETF	$155.2M	1.77%
2 SPDR S&P 500 ETF Trust SPY	ETF ETF	$115.3M	1.32%
3 Sabra Healthcare SBRA	REIT - Healthcare Facilities Real Estate	$112.9M	1.29%