Vault-13

BITFARMS LTD BITF

COM · Common Stock · CUSIP 09173B107 · ISIN CA09173B1076

147 institutional holders -1 vs Q4 2024
96,197,65896.2m shares reported held*
$75.9mreported value*
27 new 45 added 33 reduced 29 sold out net sold ≈ $6.0m (-7.7m 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 ($1.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $0.79. Options: 13 managers hold calls ($4.0m notional), 9 hold puts ($2.5m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 88Q4 22: 91Q1 23: 77Q2 23: 86Q3 23: 95Q4 23: 120Q1 24: 133Q2 24: 137Q3 24: 146Q4 24: 148Q1 25: 147147Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202288
Q4 202291
Q1 202377
Q2 202386
Q3 202395
Q4 2023120
Q1 2024133
Q2 2024137
Q3 2024146
Q4 2024148
Q1 2025147

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 23: 44 bought or addedQ2 23: 27 cut or sold outQ3 23: 48 bought or addedQ3 23: 36 cut or sold outQ3 23Q4 23: 69 bought or addedQ4 23: 34 cut or sold outQ1 24: 80 bought or addedQ1 24: 42 cut or sold outQ1 24Q2 24: 71 bought or addedQ2 24: 56 cut or sold outQ3 24: 58 bought or addedQ3 24: 66 cut or sold outQ3 24Q4 24: 77 bought or addedQ4 24: 60 cut or sold outQ1 25: 72 bought or addedQ1 25: 62 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20234427
Q3 20234836
Q4 20236934
Q1 20248042
Q2 20247156
Q3 20245866
Q4 20247760
Q1 20257262

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ2 24 calls: $17.3mQ2 24 puts: $9.1mQ2 24P/C 0.53Q3 24 calls: $16.3mQ3 24 puts: $8.4mQ3 24P/C 0.51Q4 24 calls: $21.9mQ4 24 puts: $7.2mQ4 24P/C 0.33Q1 25 calls: $4.0mQ1 25 puts: $2.5mQ1 25P/C 0.61
Numbers
QuarterCallsPutsP/C
Q2 2024$17.3m$9.1m0.53
Q3 2024$16.3m$8.4m0.51
Q4 2024$21.9m$7.2m0.33
Q1 2025$4.0m$2.5m0.61

Biggest buyers

CONTINENTAL GENERAL INSURANCE CO New +2,695,233+2.7m
Galaxy Digital Capital Management GP LLC New +2,660,123+2.7m
MILLENNIUM MANAGEMENT LLC Added +1,314,586+1.3m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +1,306,212+1.3m
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Added +1,223,201+1.2m
BIT Capital GmbH Added +1,219,482+1.2m
GEODE CAPITAL MANAGEMENT, LLC Added +1,070,800+1.1m
MARSHALL WACE, LLP New +1,065,080+1.1m
Vident Advisory, LLC Added +628,603+628.6k
CITADEL ADVISORS LLC Added +442,987+443.0k

Biggest sellers

Invesco Ltd. Reduced -3,927,750-3.9m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -3,010,239-3.0m
Paloma Partners Management Co Sold out -1,801,900-1.8m
MORGAN STANLEY Reduced -1,769,444-1.8m
MMCAP International Inc. SPC Reduced -1,500,000-1.5m
JANE STREET GROUP, LLC Reduced -1,473,974-1.5m
VAN ECK ASSOCIATES CORP Reduced -1,317,816-1.3m
GROUP ONE TRADING LLC Reduced -1,088,673-1.1m
UBS Group AG Reduced -952,888-952.9k
SRN Advisors, LLC Sold out -800,000-800.0k

Biggest calls

GROUP ONE TRADING LLC Reduced $1.3m1.7m shares
SIMPLEX TRADING, LLC Reduced $1.0m1.3m shares
CITADEL ADVISORS LLC Reduced $559.2k709.5k shares
IMC-Chicago, LLC Reduced $401.4k509.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $300.0k379.7k shares
Parallax Volatility Advisers, L.P. Added $162.1k205.7k shares
WOLVERINE TRADING, LLC New $105.8k125.5k shares
Brooklands Fund Management Ltd Added $59.1k75.0k shares
Squarepoint Ops LLC Reduced $43.0k54.5k shares
JANE STREET GROUP, LLC Reduced $19.4k24.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.1m1.3m shares
CITADEL ADVISORS LLC Reduced $407.9k517.6k shares
Parallax Volatility Advisers, L.P. New $331.9k421.1k shares
SIMPLEX TRADING, LLC Reduced $241.0k306.9k shares
IMC-Chicago, LLC Reduced $220.1k279.2k shares
GROUP ONE TRADING LLC Reduced $158.3k200.9k shares
WOLVERINE TRADING, LLC New $46.5k55.2k shares
JANE STREET GROUP, LLC Reduced $10.1k12.9k 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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MMCAP International Inc. SPC 1.59% of their portfolio GRAND CAYMAN, E9 11,852,74511.9m $9.3m $9.3m 1.59% Reduced -1.5m -1,500,000
2 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 11,235,91311.2m $8.9m $8.9m 0.01% Reduced -1.3m -1,317,816
3 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 9,428,1639.4m $7.4m $7.4m 0.00% Reduced -3.9m -3,927,750
4 Vident Advisory, LLC 0.08% of their portfolio Alpharetta, GA 6,686,6816.7m $5.3m $5.3m 0.08% Added +628.6k +628,603
5 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio CAUSEWAY BAY, K3 5,493,6435.5m $4.3m $4.3m 0.01% Added +1.2m +1,223,201
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 5,483,4235.5m $4.3m $4.3m 0.00% Reduced -952.9k -952,888
7 BIT Capital GmbH 0.49% of their portfolio BERLIN, 2M 5,203,7495.2m $4.1m $4.1m 0.49% Added +1.2m +1,219,482
8 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 3,808,1653.8m $3.0m $3.0m 0.00% Added +1.3m +1,306,212
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,782,3333.8m $3.0m $3.0m 0.00% Added +81.9k +81,857
10 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 3,323,8463.3m $2.6m $2.6m 0.00% Added +1.1m +1,070,800
11 CONTINENTAL GENERAL INSURANCE CO 0.73% of their portfolio Austin, TX 2,695,2332.7m $2.1m $2.1m 0.73% New
12 Galaxy Digital Capital Management GP LLC 3.20% of their portfolio NEW YORK, NY 2,660,1232.7m $2.1m $2.1m 3.20% New
13 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 2,203,4402.2m $1.7m $1.7m 0.00% Reduced -3.0m -3,010,239
14 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,850,6301.9m $1.5m $1.5m 0.00% Added +1.3m +1,314,586
15 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,428,8391.4m $1.1m $1.1m 0.00% Added +168.4k +168,378
16 Galaxy Digital Capital Management LP 8.95% of their portfolio New York, NY 1,170,1501.2m $915.2k $915.2k 8.95% First filing
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,073,0911.1m $845.8k $845.8k 0.00% Reduced -1.8m -1,769,444
18 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 1,065,0801.1m $841.4k $841.4k 0.00% New
19 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 931,757931.8k $734.4k $734.4k 0.00% Added +176.5k +176,549
20 Swiss National Bank 0.00% of their portfolio ZURICH, V8 897,000897.0k $704.9k $704.9k 0.00% Added +191.2k +191,200
21 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 779,078779.1k $614.1k $614.1k 0.00% Reduced -184.7k -184,715
22 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.01% of their portfolio Madrid, U3 777,105777.1k $688.8k $688.8k 0.01% Added +7.1k +7,105
23 Trium Capital LLP 0.25% of their portfolio LONDON, X0 772,573772.6k $609.0k $609.0k 0.25% Not comparable
24 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 749,157749.2k $590.5k $590.5k 0.00% Added +443.0k +442,987
25 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 675,445675.4k $532.7k $532.7k 0.00% Reduced -473.0k -472,978
26 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 565,507565.5k $445.7k $445.7k 0.00% Added +153.4k +153,436
27 Hel Ved Capital Management Ltd 0.17% of their portfolio CENTRAL, K3 420,000420.0k $331.0k $331.0k 0.17% Unchanged
28 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 400,532400.5k $314.5k $314.5k 0.00% Added +19.1k +19,089
29 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 400,473400.5k $315.0k $315.0k 0.00% Added +196.0k +195,988
30 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 370,298370.3k $286.1k $286.1k 0.00% Added +45.9k +45,920
31 Legal & General Group Plc 0.00% of their portfolio London, X0 356,356356.4k $279.8k $279.8k 0.00% Unchanged
32 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 353,637353.6k $277.7k $277.7k 0.00% Added +49.5k +49,528
33 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 312,852312.9k $246.5k $246.5k 0.00% Added +51.1k +51,102
34 IMC-Chicago, LLC 0.01% of their portfolio CHICAGO, IL 303,843303.8k $239.5k $239.5k 0.01% Reduced -41.2k -41,237
35 Selway Asset Management 0.10% of their portfolio BOISE, ID 302,108302.1k $238.1k $238.1k 0.10% Unchanged
36 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 287,616287.6k $226.0k $226.0k 0.01% New
37 Parallax Volatility Advisers, L.P. 0.01% of their portfolio San Francisco, CA 240,000240.0k $189.2k $189.2k 0.01% Added +210.0k +210,000
38 Keebeck Wealth Management 0.03% of their portfolio Chicago, IL 222,250222.2k $175.2k $175.2k 0.03% Unchanged
39 Weiss Asset Management LP 0.00% of their portfolio BOSTON, MA 213,750213.8k $168.5k $168.5k 0.00% Unchanged
40 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 197,556197.6k $156.0k $156.0k 0.00% Added +179.4k +179,425
41 Phoenix Financial Ltd. 0.00% of their portfolio Givatayim, L3 194,248194.2k $153.9k $153.9k 0.00% Reduced -72.2k -72,210
42 AWM Investment Company, Inc. 0.02% of their portfolio NEW YORK, NY 192,989193.0k $152.1k $152.1k 0.02% Unchanged
43 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 184,030184.0k $144.5k $144.5k 0.00% Reduced -304.3k -304,346
44 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 178,100178.1k $140.4k $140.4k 0.00% Added +37.0k +37,000
45 GROUP ONE TRADING LLC 0.01% of their portfolio CHICAGO, IL 177,268177.3k $139.7k $139.7k 0.01% Reduced -1.1m -1,088,673
46 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 175,447175.4k $138.0k $138.0k 0.00% Reduced -228 -228
47 Compagnie Lombard Odier SCmA 0.00% of their portfolio 1204 GENEVA, V8 175,000175.0k $137.4k $137.4k 0.00% Unchanged
48 One68 Global Capital, LLC 0.06% of their portfolio NEW YORK, NY 150,000150.0k $118.2k $118.2k 0.06% Reduced -40.0k -40,000
49 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 148,456148.5k $117.0k $117.0k 0.00% Added +61.1k +61,085
50 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 147,025147.0k $115.9k $115.9k 0.01% Reduced -301.1k -301,113
51 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 143,077143.1k $112.4k $112.4k 0.00% New
52 INSIGNEO ADVISORY SERVICES, LLC 0.01% of their portfolio MIAMI, FL 135,927135.9k $107.1k $107.1k 0.01% Added +327 +327
53 Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio TOKYO, M0 133,260133.3k $105.0k $105.0k 0.00% Added +13.4k +13,378
54 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 125,488125.5k $98.5k $98.5k 0.00% Added +28.7k +28,669
55 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 122,886122.9k $96.5k $96.5k 0.00% Reduced -1.5m -1,473,974
56 Gladstone Institutional Advisory LLC 0.00% of their portfolio Bedminster, NJ 122,300122.3k $96.4k $96.4k 0.00% Reduced -130.8k -130,750
57 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 113,782113.8k $89.7k $89.7k 0.00% Added +11.4k +11,376
58 BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio NEW YORK, NY 105,055105.1k $82.8k $82.8k 0.00% Unchanged
59 Harvest Portfolios Group Inc. 0.00% of their portfolio Oakville, A6 103,963104.0k $81.6k $81.6k 0.00% Reduced -25.5k -25,479
60 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 101,840101.8k $80.0k $80.0k 0.00% Unchanged
61 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 100,387100.4k $79.1k $79.1k 0.00% Reduced -14.8k -14,813
62 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 96,37496.4k $76.0k $76.0k 0.00% Added +14.7k +14,682
63 CI INVESTMENTS INC. 0.00% of their portfolio TORONTO, Z4 96,02396.0k $76.0k $76.0k 0.00% Added +5.6k +5,609
64 Independent Advisor Alliance 0.00% of their portfolio CHARLOTTE, NC 94,10094.1k $74.2k $74.2k 0.00% Reduced -1.9k -1,900
65 Leonteq Securities AG 0.01% of their portfolio ZURICH, V8 91,19491.2k $71.9k $71.9k 0.01% Added +58.2k +58,250
66 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 86,69986.7k $68.1k $68.1k 0.00% Added +2.4k +2,418
67 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 81,67581.7k $64.1k $64.1k 0.00% Reduced -549.8k -549,790
68 Pacific Sage Partners, LLC 0.01% of their portfolio EDMONDS, WA 75,77075.8k $59.7k $59.7k 0.01% Added +2.3k +2,304
69 Cypress Wealth Services, LLC 0.01% of their portfolio PALM DESERT, CA 75,15075.2k $59.2k $59.2k 0.01% Unchanged
70 Three Magnolias Financial Advisors, LLC 0.05% of their portfolio WINSTON-SALEM, NC 75,00075.0k $59.1k $59.1k 0.05% New
71 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 74,39774.4k $58.6k $58.6k 0.00% Added +2.5k +2,496
72 Pictet Asset Management Holding SA 0.00% of their portfolio CAROUGE, V8 63,40763.4k $49.8k $49.8k 0.00% Added +9.7k +9,710
73 NWAM LLC 0.00% of their portfolio MERCER ISLAND, WA 63,02663.0k $49.7k $49.7k 0.00% Unchanged
74 THEORY FINANCIAL LLC 0.02% of their portfolio FORT COLLINS, CO 60,26860.3k $47.5k $47.5k 0.02% New
75 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 55,58055.6k $43.8k $43.8k 0.00% Added +31.7k +31,721
76 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 50,00050.0k $39.4k $39.4k 0.00% New
77 Soltis Investment Advisors LLC 0.00% of their portfolio ST. GEORGE, UT 46,38846.4k $36.6k $36.6k 0.00% New
78 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 43,24143.2k $34.0k $34.0k 0.00% Added +4.5k +4,540
79 Mariner, LLC 0.00% of their portfolio Overland Park, KS 42,60142.6k $33.6k $33.6k 0.00% Reduced -99.4k -99,442
80 Clarity Capital Partners LLC 0.01% of their portfolio Newport Beach, CA 41,00041.0k $32.3k $32.3k 0.01% Unchanged
81 WOLVERINE TRADING, LLC 0.00% of their portfolio CHICAGO, IL 40,53040.5k $34.2k $34.2k 0.00% New
82 Black Maple Capital Management LP 0.02% of their portfolio MILWAUKEE, WI 40,00040.0k $31.5k $31.5k 0.02% Unchanged
83 TWO SIGMA SECURITIES, LLC 0.00% of their portfolio NEW YORK, NY 37,33737.3k $29.4k $29.4k 0.00% Reduced -475.2k -475,190
84 Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio OAKLAND, CA 35,94435.9k $28.3k $28.3k 0.00% Added +12.8k +12,833
85 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 35,45235.5k $27.8k $27.8k 0.00% Added +7.0k +6,956
86 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 34,80034.8k $27.4k $27.4k 0.00% Unchanged
87 Welch Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 32,74032.7k $27.6k $27.6k 0.00% Unchanged
88 Baader Bank Aktiengesellschaft 0.00% of their portfolio Unterschleissheim, 2M 29,26029.3k $12.6k $12.6k 0.00% Reduced -671.0k -671,040
89 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 28,48728.5k $22.5k $22.5k 0.00% Added +752 +752
90 RFG Advisory, LLC 0.00% of their portfolio BIRMINGHAM, AL 25,20025.2k $19.9k $19.9k 0.00% New
91 GTS SECURITIES LLC 0.00% of their portfolio NEW YORK, NY 24,75724.8k $19.5k $19.5k 0.00% Reduced -49.2k -49,188
92 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 24,36024.4k $19.0k $19.0k 0.00% Added +255 +255
93 PRELUDE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio NEW YORK, NY 24,15624.2k $19.0k $19.0k 0.00% Reduced -27.0k -27,000
94 Olympiad Research LP 0.02% of their portfolio Stamford, CT 24,15624.2k $19.0k $19.0k 0.02% Unchanged
95 Western Wealth Management, LLC 0.00% of their portfolio GOLDEN, CO 23,56223.6k $18.6k $18.6k 0.00% New
96 Lifeworks Advisors, LLC 0.00% of their portfolio GRAND RAPIDS, MI 23,42423.4k $18.5k $18.5k 0.00% Reduced -1.2k -1,240
97 SHELL ASSET MANAGEMENT CO 0.00% of their portfolio THE HAGUE, P7 20,31820.3k $16.0k $16.0k 0.00% Unchanged
98 MONEY CONCEPTS CAPITAL CORP 0.00% of their portfolio PALM BEACH GARDENS, FL 20,00020.0k $15.8k $15.8k 0.00% Unchanged
99 Guided Capital Wealth Management, LLC 0.01% of their portfolio HOUSTON, TX 20,00020.0k $15.8k $15.8k 0.01% Unchanged
100 Marex Group Ltd 0.00% of their portfolio London, X0 19,64919.6k $15.5k $15.5k 0.00% New