# Bitfarms funding: rounds and investors

> Bitfarms has raised $20M across 2 rounds since 2019. Investors include Galaxy Digital and Dominion Capital. Every round with its source.

Source: https://millionrounds.com/company/bitfarms (Millionrounds; every figure on the page links to its filing or article)

Canada · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Bitfarms*

2 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Web3 & Crypto

Funding summary Updated 26 Oct 2026

**$20M** raised across 2 rounds since 2019, from 2 sources

- **Latest round:** Venture Oct 2025
- **Biggest round:** $20M Debt · Mar 2019
- **Investors:** 2

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021 2022 2023 2024 2025

**$20M** Debt

**?** Venture

- **First round:** Debt, $20M
- **Biggest round:** $20M
- **Between rounds:** 6.5 years

## The rounds

- **Oct 2025** Venture **Amount undisclosed** *1 new* [Galaxy Digital](https://millionrounds.com/fund/galaxy-digital) Source recorded
- **Mar 2019** Debt **$20M** *1 new* [Dominion Capital](https://millionrounds.com/fund/dominion-capital-2) Reported by FinSMEs

## Founders and team

From Bitfarms's own website: 15 on the team.

- **Ben Gagnon** Chief Executive Officer & Director
- **Alex Brammer** Executive Vice President, Operations
- **Andrea Keen** Senior Vice President, People & Culture
- **Marc Wishansky** Senior Vice President, Information Technology
- **Marc-Andre Ammann** Executive Vice President, Finance & Accounting
- **Tara Goldstein** Senior Vice President, Marketing & Communications
- **Tom Tyree** Senior Vice President, Strategy & Finance
- **Ganesh Aiyer** President
- **Jonathan Mir** Chief Financial Officer
- **Liam Wilson** Chief Operating Officer
- **Amy Freedman** Independent Director
- **Andrew J. Chang** Independent Director
- **Brian Howlett** Independent Director
- **Fanny Philip** Independent Director
- **Wayne Duso** Independent Director

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Debt** 2019 **Venture** 2025 [Galaxy Digital](https://millionrounds.com/fund/galaxy-digital) [Dominion Capital](https://millionrounds.com/fund/dominion-capital-2)

## Everyone who backed them

[Galaxy Digital](https://millionrounds.com/fund/galaxy-digital) Private equity **1** round

[Dominion Capital](https://millionrounds.com/fund/dominion-capital-2) Private equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=bitfarms).

## Quick answers about Bitfarms

### Who invested in Bitfarms?

Bitfarms's investors include Galaxy Digital and Dominion Capital.

### How much has Bitfarms raised?

Bitfarms has raised $20M across 2 rounds since 2019. One round did not disclose an amount, so the total is a floor.

### When did Bitfarms last raise?

Bitfarms's most recent round was a Venture in Oct 2025.

### What was Bitfarms's biggest round?

Bitfarms's largest round on record is $20M (Debt), in Mar 2019.

### Who backed Bitfarms first?

Bitfarms's first round on record, in Mar 2019, was backed by Dominion Capital.

### What stage is Bitfarms at?

Bitfarms's latest named round is a Venture, in Oct 2025.

### Where is Bitfarms based?

Bitfarms is based in Canada.

## Companies like Bitfarms

In the same sector, and raised in the last eighteen months.

[**Tenor Labs** $5.0M · Jul 2026](https://millionrounds.com/company/tenor-labs)[**Luxxfolio** $1.1M · Jun 2026](https://millionrounds.com/company/luxxfolio)[**SPIRIT Blockchain Capital** $304K · Jun 2026](https://millionrounds.com/company/spirit-blockchain-capital)[**Parvis Invest** $2.2M · May 2026](https://millionrounds.com/company/parvis-invest)[**Uniblock** $7.5M · Mar 2026](https://millionrounds.com/company/uniblock)[**Cryptostar** $466K · Feb 2026](https://millionrounds.com/company/cryptostar)

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