Bitcoin miner
Bitcoin miner where production trends, energy costs, fleet scale, and Canadian disclosure cadence frame risk.
What changed
$BITF filed two 8-Ks on Jun 4 and Jun 5, 2026, against a 90-day baseline median of zero 8-Ks per 30-day window. Both are tagged as other_event, and the prior 8-K activity was a leadership_or_governance and material_agreement pair on Apr 1 and Apr 3, 2026.
Signal summary
Scores summarize filing, market, ownership, and exposure records for research prioritization.
Regulatory filing quality and event signal from SEC disclosures
Key inputs: Recent Other Event · Recent Other Event
Degree of Bitcoin exposure relative to entity type
Key inputs: Bitcoin mining operations
Net insider buying/selling pattern and cluster activity
Key inputs: 1 insider transaction cluster · 11 Form 4 transactions
Directional signal from recent SEC event categorizations
Key inputs: 4 recent SEC filings · 6 fresh source updates
Delayed quote
Session timestamp: Jun 5, 2026, 9:30 PM
Showing the latest source-confirmed income statement values. The bar scale compares magnitude within this statement only; it is not a trend line and does not indicate positive or negative quality.
3 metrics · latest period Mar 31, 2026. 3 metrics include a prior-period comparison.
| Metric | Value | Period | Prior | Change |
|---|---|---|---|---|
| Revenue | 36.99M USD | Mar 31, 2026 | 229.28M USD | -192.28M USD (-83.9%) |
| Net income | -145.35M USD | Mar 31, 2026 | -284.54M USD | +139.19M USD (48.9%) |
| Operating income | -98.39M USD | Mar 31, 2026 | -149.6M USD | +51.21M USD (34.2%) |
Risk Factor Watch
Compared 40-F 2025-04-01 with 40-F 2024-03-07.
1, under the headings “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” and in the Registrant’s Management’s Discussion and Analysis for the year ended December 31, 2024, attached hereto as Exhibit 99.
3 under the headings “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors”.
In the fourth quarter of 2024 , Management also identified a material error in the statements of cash flows, resulting in a reclassification of sales of digital assets from cash flows from operations to cash flows from investing activities.
No materially changed risk-factor sentences above threshold.
Internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with IFRS Accounting Standards.
Management has determined that the control over accounting for complex financing transactions did not operate effectively in 2021 as the warrants issued in 2021 should have been classified as a financial liability and accounted for at fair value through profit and loss, and not as equity instruments.
Management considers these restatements to constitute a material weakness that requires remediation, and management is in the process of implementing remediation measures to address the material weakness.
Source-extracted Item 1A comparison.
Form 4 context
Recent insider transaction activity
The 30, 90, and 365 day windows are measured backward from the newest Form 4 row loaded for this ticker. “Acquired” and “Disposed” are the Form 4 share-direction fields; they are not a Sawse conclusion about insider intent.
A cluster groups related Form 4 rows with the same transaction direction and code inside a weekly date window. Sawse flags a group as a cluster when it has multiple rows, multiple reporting owners, or at least 100,000 reported shares.
Cluster filter
Use clusters to inspect grouped Form 4 activity without scrolling through the full table.
Unclustered single rows remain in the table when All groups is selected.
11 transaction rows match the active filters; 11 rows are shown.
| Insider | Role | Group | Direction | Shares | Dollar value | Date |
|---|---|---|---|---|---|---|
| Hofmeister Edith | director | Cluster 1 | Acquired | 101,010 | $0 | Apr 2, 2026 |
| Gagnon Benjamin | Chief Executive Officer, director, officer | Cluster 1 | Acquired | 1,665,300 | $0 | Apr 2, 2026 |
| WILSON LIAM DANIEL | Chief Operating Officer, officer | Cluster 1 | Acquired | 743,438 | $0 | Apr 2, 2026 |
| Mir Jonathan | Chief Financial Officer, officer | Cluster 1 | Acquired | 743,438 | $0 | Apr 2, 2026 |
| Freedman Amy | director | Cluster 1 | Acquired | 101,010 | $0 | Apr 2, 2026 |
| Chang Andrew | director | Cluster 1 | Acquired | 101,010 | $0 | Apr 2, 2026 |
| Silverstein Rachel Rose | EVP, Gen. Counsel & Corp. Sec., officer | Cluster 1 | Acquired | 267,638 | $0 | Apr 2, 2026 |
| Philip Fanny | director | Cluster 1 | Acquired | 101,010 | $0 | Apr 2, 2026 |
| Duso Wayne | director | Cluster 1 | Acquired | 101,010 | $0 | Apr 2, 2026 |
| Ammann Marc-Andre | Principal Accounting Officer, officer | Cluster 1 | Acquired | 267,638 | $0 | Apr 2, 2026 |
| Howlett Brian | director | Cluster 1 | Acquired | 101,010 | $0 | Apr 2, 2026 |
This is a partial 13F manager view, not a full shareholder register. Concentration percentages describe the manager positions currently loaded in this table. The shares-outstanding percentage divides each manager's reported shares by the latest public share-count record when available.
Loaded filings
Of loaded 13F shares
Only 8 loaded
Only 8 loaded
Position or value
Source: SEC 13F filings. 13F reports can arrive up to 45 days after quarter end and do not represent every shareholder. Position change is the reported share-count change versus the prior available filing. Value change is the reported market-value change and can move even when the share count is unchanged.
| Manager | Period | Shares | % Shares out. | Value | Movement |
|---|---|---|---|---|---|
| Bank of America CorpPosition and value moved | Mar 2026 | 24.35K | 0.00% | $47.48M | Position-467.21KValue-$1.11B |
| Bank of America CorpPosition and value moved | Mar 2026 | 730.8K | 0.12% | $1.43B | Position+239.24KValue+$269.9M |
| Bank of America CorpPosition and value moved | Mar 2026 | 70.06K | 0.01% | $136.62M | Position-421.49KValue-$1.02B |
| Citadel Advisors LLCPosition and value moved | Mar 2026 | 634 | 0.00% | $1.24M | Position-20.02MValue-$47.04B |
| Citadel Advisors LLCPosition and value moved | Mar 2026 | 13.56M | 2.25% | $26.45B | Position-6.45MValue-$20.59B |
| D. E. Shaw & Co., Inc.Position and value moved | Mar 2026 | 832.73K | 0.14% | $1.63B | Position+483.83KValue+$809.62M |
| Geode Capital Management, LLCPosition and value moved | Mar 2026 | 2.94M | 0.49% | $5.76B | Position+2.87MValue+$5.61B |
| Bank of America CorpPosition and value moved | Mar 2026 | 161.16K | 0.03% | $314.27M | Position-330.39KValue-$840.88M |
Bitcoin mining operations
BITF's crypto exposure should be read alongside its equity valuation, financing choices, dilution risk, taxes, and operating business.
| Title | Type |
|---|---|
| BITF's 10-K lands with every Sawse signal at the ceiling | Filing Summary |
| BITF's Q1 10-Q: revenue holds while the stock has already moved | Filing Summary |
| Keel Infrastructure locks in executive contracts after US redomiciliation closes | Filing Summary |
| BITF's May 8-K puts Q1 operating results on the table | Filing Summary |
| $BITF posts two 8-Ks in a week after quiet stretch | Observation |
| Ticker | Category | Latest revenue | Filing Risk0-100 | BTC Exposure0-100 | Insider Signal0-100 | Event Momentum0-100 |
|---|---|---|---|---|---|---|
| $BITFBITF | Bitcoin miner | 36.99M | 100 | 80 | 100 | 100 |
| $MARAMARA Holdings | Bitcoin miner | 174.61M | 100 | 80 | 30 | 100 |
| $RIOTRiot Platforms | Bitcoin miner | 167.22M | 100 | 80 | 25 | 100 |
| $CLSKCleanSpark | Bitcoin miner | 766.31M | 100 | 80 | 50 | 100 |
Scores run 0-100: higher means a stronger signal for that dimension, not a buy/sell rating. Market cap, YTD return, and P/E appear when quote history and share-count data are complete.