Bitfarms Ltd. provided Bitcoin production update. Year-to-date, Bitfarms has mined and deposited in custody 1,006 Bitcoin, currently valued at approximately $39 million, or approximately 5.5% of the Company's market capitalization as of the close of trading yesterday, May 27, 2021. Bitfarms achieved this milestone a full 9 days ahead of the schedule reported on April 16, 2021. Based on public information of other publicly traded cryptocurrency mining companies, Bitfarms has mined and accumulated one of the large reported amount of Bitcoin from mining activities in North America, year-to-date; and has done so with 100% hydroelectricity. Since starting its Bitcoin Inventory Pilot Program in early January, Bitfarms has quickly climbed the ranks of publicly traded companies with Bitcoin on their balance sheet and has now earned the 13 spot for publicly traded companies on bitcointreasuries.org. With approximately 1% of the Bitcoin network, Bitfarms is currently mining and adding approximately 7.8 Bitcoins a day to inventory at a cost of approximately $9,500 per Bitcoin as of May 27, 2021. This means that Bitfarms is both adding Bitcoin to its balance sheet at one of the faster rates and with some of the lowest costs in the world.