Vault-13

BITFARMS LTD BITF

COM · Common Stock · CUSIP 09173B107 · ISIN CA09173B1076

120 institutional holders +25 vs Q3 2023
71,911,05271.9m shares reported held*
$209.2mreported value*
28 new 41 added 23 reduced 11 sold out net bought ≈ $77.2m (+26.6m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($6.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $2.91. Options: 11 managers hold calls ($40.3m notional), 8 hold puts ($10.4m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 88Q4 22: 91Q1 23: 77Q2 23: 86Q3 23: 95Q4 23: 120120Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202288
Q4 202291
Q1 202377
Q2 202386
Q3 202395
Q4 2023120

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 43 bought or addedQ4 22: 36 cut or sold outQ4 22Q1 23: 35 bought or addedQ1 23: 41 cut or sold outQ1 23Q2 23: 44 bought or addedQ2 23: 27 cut or sold outQ2 23Q3 23: 48 bought or addedQ3 23: 36 cut or sold outQ3 23Q4 23: 69 bought or addedQ4 23: 34 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20224336
Q1 20233541
Q2 20234427
Q3 20234836
Q4 20236934

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60mQ1 23 calls: $2.4mQ1 23 puts: $920.0kQ1 23P/C 0.38Q2 23 calls: $6.3mQ2 23 puts: $1.5mQ2 23P/C 0.24Q3 23 calls: $7.7mQ3 23 puts: $2.2mQ3 23P/C 0.29Q4 23 calls: $40.3mQ4 23 puts: $10.4mQ4 23P/C 0.26
Numbers
QuarterCallsPutsP/C
Q1 2023$2.4m$920.0k0.38
Q2 2023$6.3m$1.5m0.24
Q3 2023$7.7m$2.2m0.29
Q4 2023$40.3m$10.4m0.26

Biggest buyers

BIT Capital GmbH Added +9,620,674+9.6m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP New +8,931,278+8.9m
TWO SIGMA INVESTMENTS, LP Added +5,023,765+5.0m
JANE STREET GROUP, LLC Added +1,994,174+2.0m
Invesco Ltd. Added +999,355+999.4k
TWO SIGMA ADVISERS, LP Added +883,400+883.4k
SHARIAPORTFOLIO, INC. New +704,856+704.9k
Mirae Asset Global Investments Co., Ltd. Added +677,799+677.8k
VAN ECK ASSOCIATES CORP Added +599,506+599.5k
MILLENNIUM MANAGEMENT LLC Added +565,273+565.3k

Biggest sellers

CITADEL ADVISORS LLC Reduced -1,741,294-1.7m
RENAISSANCE TECHNOLOGIES LLC Reduced -1,336,500-1.3m
Quadrature Capital Ltd Sold out -1,023,847-1.0m
AMERICAN CENTURY COMPANIES INC Reduced -719,987-720.0k
MORGAN STANLEY Reduced -689,300-689.3k
Cubist Systematic Strategies, LLC Sold out -272,748-272.7k
STATE STREET CORP Reduced -222,626-222.6k
Cetera Advisors LLC Reduced -173,567-173.6k
HRT FINANCIAL LP Sold out -172,684-172.7k
Qube Research & Technologies Ltd Sold out -170,958-171.0k

Biggest calls

GROUP ONE TRADING LLC Added $11.9m4.1m shares
JANE STREET GROUP, LLC Added $9.3m3.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $9.0m3.1m shares
CITADEL ADVISORS LLC Added $4.3m1.5m shares
SIMPLEX TRADING, LLC Added $3.1m1.1m shares
GTS SECURITIES LLC Added $1.8m615.7k shares
WOLVERINE TRADING, LLC Reduced $796.8k273.8k shares
HAP Trading, LLC Added $22.2k40.5k shares
Selway Asset Management Added $292100.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.2m2.1m shares
CITADEL ADVISORS LLC Added $1.8m623.3k shares
GROUP ONE TRADING LLC Added $981.8k337.4k shares
SIMPLEX TRADING, LLC Added $694.0k238.6k shares
WOLVERINE TRADING, LLC Added $454.0k156.0k shares
GTS SECURITIES LLC Added $202.8k69.7k shares
JANE STREET GROUP, LLC Added $120.3k41.4k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
ARMISTICE CAPITAL, LLC 13G · institution new · filed 2025-08-14 10.0% new 1.1m 2025-08-14

Fell to 5% or below in the last year: JANE STREET GROUP, LLC (3.8%, 2026-05-11), Citadel Securities GP LLC (4.0%, 2026-02-12)

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BIT Capital GmbH 3.75% of their portfolio BERLIN, 2M 11,904,06211.9m $34.6m $34.6m 3.75% Added +9.6m +9,620,674
2 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 10,968,78211.0m $31.9m $31.9m 0.01% Added +999.4k +999,355
3 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio BOSTON, MA 8,931,2788.9m $25.9m $25.9m 0.03% New
4 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 5,235,1655.2m $15.2m $15.2m 0.04% Added +5.0m +5,023,765
5 Tidal Investments LLC 0.31% of their portfolio Milwaukee, WI 4,403,8914.4m $12.8m $12.8m 0.31% Added +399.9k +399,888
6 VAN ECK ASSOCIATES CORP 0.02% of their portfolio NEW YORK, NY 4,179,8754.2m $12.2m $12.2m 0.02% Added +599.5k +599,506
7 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 4,068,5874.1m $11.8m $11.8m 0.00% Reduced -222.6k -222,626
8 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 3,126,0223.1m $9.1m $9.1m 0.02% Added +677.8k +677,799
9 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 2,512,4382.5m $7.3m $7.3m 0.01% Added +565.3k +565,273
10 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 2,084,2782.1m $6.1m $6.1m 0.01% Added +2.0m +1,994,174
11 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 1,837,9371.8m $5.3m $5.3m 0.01% Added +506.1k +506,069
12 Vident Advisory, LLC 0.13% of their portfolio Alpharetta, GA 1,721,7531.7m $5.0m $5.0m 0.13% Added +305.7k +305,681
13 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,508,1531.5m $4.4m $4.4m 0.00% Added +366.7k +366,736
14 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 1,163,4001.2m $3.4m $3.4m 0.01% Added +883.4k +883,400
15 BlackRock Inc. 0.00% of their portfolio New York, NY 1,023,3461.0m $3.0m $3.0m 0.00% Added +451.2k +451,189
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 796,344796.3k $2.3m $2.3m 0.00% Reduced -689.3k -689,300
17 SHARIAPORTFOLIO, INC. 1.39% of their portfolio LAKE MARY, FL 704,856704.9k $2.1m $2.1m 1.39% New
18 Cetera Advisors LLC 0.02% of their portfolio DENVER, CO 486,077486.1k $1.4m $1.4m 0.02% Reduced -173.6k -173,567
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 418,069418.1k $1.2m $1.2m 0.00% Added +56.4k +56,398
20 Baader Bank Aktiengesellschaft 0.07% of their portfolio Unterschleissheim, 2M 277,376277.4k $804.1k $804.1k 0.07% New
21 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 247,843247.8k $721.2k $721.2k 0.00% Reduced -3.8k -3,786
22 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 236,500236.5k $689.0k $689.0k 0.00% Reduced -1.3m -1,336,500
23 Anson Funds Management LP 0.13% of their portfolio DALLAS, TX 233,600233.6k $679.8k $679.8k 0.13% New
24 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 195,306195.3k $570.2k $570.2k 0.00% Added +4.9k +4,948
25 AWM Investment Company, Inc. 0.07% of their portfolio NEW YORK, NY 192,989193.0k $561.6k $561.6k 0.07% Unchanged
26 SIMPLEX TRADING, LLC 0.02% of their portfolio CHICAGO, IL 190,663190.7k $554.0k $554.0k 0.02% Added +152.9k +152,926
27 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 175,447175.4k $511.0k $511.0k 0.00% Added +12 +12
28 Compagnie Lombard Odier SCmA 0.01% of their portfolio 1204 GENEVA, V8 175,000175.0k $511.0k $511.0k 0.01% Unchanged
29 Harvest Portfolios Group Inc. 0.02% of their portfolio Oakville, A6 143,333143.3k $416.5k $416.5k 0.02% Added +4.2k +4,187
30 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 119,779119.8k $348.6k $348.6k 0.00% New
31 Gladstone Institutional Advisory LLC 0.02% of their portfolio Bedminster, NJ 119,634119.6k $348.1k $348.1k 0.02% Added +37.7k +37,654
32 GROUP ONE TRADING LLC 0.01% of their portfolio CHICAGO, IL 114,345114.3k $332.7k $332.7k 0.01% Added +53.7k +53,749
33 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 106,973107.0k $249.2k $249.2k 0.00% Added +33.7k +33,745
34 WOLVERINE TRADING, LLC 0.00% of their portfolio CHICAGO, IL 106,423106.4k $309.7k $309.7k 0.00% Added +86.4k +86,445
35 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 105,768105.8k $307.8k $307.8k 0.00% Added +47.8k +47,799
36 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 104,591104.6k $305.4k $305.4k 0.00% Reduced -46.8k -46,834
37 Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio TOKYO, M0 98,88098.9k $277.9k $277.9k 0.00% Added +509 +509
38 Independent Advisor Alliance 0.01% of their portfolio CHARLOTTE, NC 93,00093.0k $270.6k $270.6k 0.01% Added +50.0k +50,000
39 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 91,73391.7k $266.5k $266.5k 0.00% Reduced -720.0k -719,987
40 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 90,46590.5k $262.3k $262.3k 0.00% Reduced -6.1k -6,125
41 INSIGNEO ADVISORY SERVICES, LLC 0.04% of their portfolio MIAMI, FL 89,20089.2k $260.5k $260.5k 0.04% Added +5.7k +5,700
42 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 86,84686.8k $252.5k $252.5k 0.00% Added +1.4k +1,402
43 Cypress Wealth Services, LLC 0.06% of their portfolio PALM DESERT, CA 83,00083.0k $241.5k $241.5k 0.06% Unchanged
44 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 81,74781.7k $237.5k $237.5k 0.00% Added +5.9k +5,900
45 Quantbot Technologies LP 0.01% of their portfolio NEW YORK, NY 74,81074.8k $217.7k $217.7k 0.01% New
46 NWAM LLC 0.02% of their portfolio MERCER ISLAND, WA 71,38871.4k $207.7k $207.7k 0.02% Added +3.9k +3,927
47 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 66,36766.4k $193.0k $193.0k 0.00% Reduced -11.7k -11,715
48 Pacific Sage Partners, LLC 0.04% of their portfolio EDMONDS, WA 55,80355.8k $162.4k $162.4k 0.04% Added +5.8k +5,803
49 Phoenix Financial Ltd. 0.00% of their portfolio Givatayim, L3 50,55950.6k $167.7k $167.7k 0.00% Added +29.9k +29,945
50 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 47,39147.4k $134.1k $134.1k 0.00% Added +20.9k +20,861
51 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 45,66845.7k $152.0k $152.0k 0.00% Reduced -34.8k -34,820
52 UBS Group AG 0.00% of their portfolio ZURICH, V8 42,42142.4k $123.4k $123.4k 0.00% Added +8.5k +8,518
53 HBW ADVISORY SERVICES LLC 0.02% of their portfolio SIMI VALLEY, CA 42,10042.1k $123.0k $123.0k 0.02% Added +1.2k +1,250
54 CHESAPEAKE CAPITAL CORP /IL/ 0.09% of their portfolio TAMPA, FL 40,52940.5k $117.9k $117.9k 0.09% First filing
55 Leonteq Securities AG 0.01% of their portfolio ZURICH, V8 35,08935.1k $102.1k $102.1k 0.01% Reduced -18.6k -18,606
56 Welch Group, LLC 0.01% of their portfolio BIRMINGHAM, AL 32,74032.7k $95.3k $95.3k 0.01% Unchanged
57 VIMA LLC 0.21% of their portfolio TROY, MI 31,14931.1k $91.0k $91.0k 0.21% First filing
58 Bayesian Capital Management, LP 0.01% of their portfolio Brooklyn, NY 29,40029.4k $85.6k $85.6k 0.01% New
59 Scientech Research LLC 0.08% of their portfolio JERSEY CITY, NJ 28,76028.8k $83.4k $83.4k 0.08% First filing
60 Bluespring Wealth Management, LLC 0.01% of their portfolio AUSTIN, TX 27,40027.4k $79.7k $79.7k 0.01% Unchanged
61 Centiva Capital, LP 0.00% of their portfolio New York, NY 26,83726.8k $78.1k $78.1k 0.00% New
62 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 26,80926.8k $78.0k $78.0k 0.02% Reduced -110.8k -110,821
63 Impact Partnership Wealth, LLC 0.03% of their portfolio MARIETTA, GA 25,93525.9k $75.5k $75.5k 0.03% Reduced -42.5k -42,531
64 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 25,07225.1k $73.0k $73.0k 0.00% Unchanged
65 Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio OAKLAND, CA 24,18824.2k $70.4k $70.4k 0.00% Added +6.8k +6,837
66 Bellecapital International Ltd. 0.02% of their portfolio ZURICH, V8 22,60022.6k $87.0k $87.0k 0.02% New
67 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 22,03922.0k $64.1k $64.1k 0.00% New
68 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 21,40021.4k $62.3k $62.3k 0.00% New
69 CI INVESTMENTS INC. 0.00% of their portfolio TORONTO, Z4 21,30421.3k $62.0k $62.0k 0.00% Reduced -2.6k -2,578
70 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 19,39219.4k $56.0k $56.0k 0.00% Added +7.5k +7,531
71 Headlands Technologies LLC 0.02% of their portfolio CHICAGO, IL 18,90818.9k $55.0k $55.0k 0.02% Added +7.4k +7,429
72 Mariner, LLC 0.00% of their portfolio Overland Park, KS 18,61618.6k $54.2k $54.2k 0.00% Added +8.4k +8,377
73 HORIZON KINETICS ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 18,30018.3k $53.3k $53.3k 0.00% Unchanged
74 Evanson Asset Management, LLC 0.00% of their portfolio CARMEL, CA 17,99918.0k $52.4k $52.4k 0.00% New
75 Keebeck Wealth Management 0.01% of their portfolio Chicago, IL 17,25017.2k $50.4k $50.4k 0.01% New
76 DMC Group, LLC 0.04% of their portfolio BIRMINGHAM, AL 16,00016.0k $46.6k $46.6k 0.04% New
77 Financial Advocates Investment Management 0.00% of their portfolio OLYMPIA, WA 15,38015.4k $44.8k $44.8k 0.00% Reduced -5.0k -5,000
78 SCOTIA CAPITAL INC. 0.00% of their portfolio TORONTO, A6 15,22515.2k $44.1k $44.1k 0.00% Unchanged
79 Sloy Dahl & Holst, LLC 0.01% of their portfolio Vancouver, WA 14,97015.0k $43.6k $43.6k 0.01% New
80 DLK Investment Management, LLC 0.02% of their portfolio SOLANA BEACH, CA 13,50013.5k $39.3k $39.3k 0.02% First filing
81 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 12,94512.9k $37.8k $37.8k 0.00% New
82 Bernardo Wealth Planning LLC 0.01% of their portfolio HARLEYSVILLE, PA 12,80112.8k $37.3k $37.3k 0.01% Unchanged
83 Selway Asset Management 0.01% of their portfolio BOISE, ID 12,10012.1k $35.2k $35.2k 0.01% Reduced -79.3k -79,300
84 Pasadena Private Wealth, LLC 0.01% of their portfolio PASADENA, CA 11,57511.6k $33.7k $33.7k 0.01% New
85 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 11,53511.5k $33.6k $33.6k 0.00% New
86 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 11,47711.5k $33.4k $33.4k 0.00% New
87 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 10,88210.9k $31.7k $31.7k 0.00% New
88 EARNED WEALTH ADVISORS, LLC 0.01% of their portfolio WALNUT CREEK, CA 10,00010.0k $29.1k $29.1k 0.01% New
89 Marex Group Ltd 0.00% of their portfolio London, X0 10,00010.0k $29.1k $29.1k 0.00% New
90 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 6,7006.7k $26.1k $26.1k 0.00% Unchanged
91 Aspect Partners, LLC 0.01% of their portfolio FAIRFAX, VA 5,7355.7k $16.7k $16.7k 0.01% First filing
92 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 5,4865.5k $16.0k $16.0k 0.00% Reduced -668 -668
93 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 4,5004.5k $13.1k $13.1k 0.00% Added +2.5k +2,500
94 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 3,6613.7k $10.7k $10.7k 0.00% Unchanged
95 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 3,3043.3k $9.6k $9.6k 0.00% Added +3.0k +3,000
96 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 2,6932.7k $7.8k $7.8k 0.00% New
97 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 2,5002.5k $7.3k $7.3k 0.00% New
98 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 2,4502.5k $7.1k $7.1k 0.00% First filing
99 Clear Point Advisors Inc. 0.01% of their portfolio MELVILLE, NY 2,3752.4k $6.9k $6.9k 0.01% First filing
100 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 2,1002.1k $6.1k $6.1k 0.00% Reduced -9.1k -9,100