Vault-13

BITFARMS LTD BITF

COM · Common Stock · CUSIP 09173B107 · ISIN CA09173B1076

197 institutional holders +26 vs Q3 2025
210,879,340210.9m shares reported held*
$496.1mreported value*
64 new 58 added 44 reduced 41 sold out net bought ≈ $92.5m (+39.4m 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 ($42.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $2.35. Options: 24 managers hold calls ($143.6m notional), 16 hold puts ($34.1m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 88Q4 22: 91Q1 23: 77Q2 23: 86Q3 23: 95Q4 23: 120Q1 24: 133Q2 24: 137Q3 24: 146Q4 24: 148Q1 25: 147Q2 25: 131Q3 25: 171Q4 25: 197197Q3 22Q2 23Q1 24Q4 24Q4 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
Q2 2025131
Q3 2025171
Q4 2025197

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 80 bought or addedQ1 24: 42 cut or sold outQ2 24: 71 bought or addedQ2 24: 56 cut or sold outQ2 24Q3 24: 58 bought or addedQ3 24: 66 cut or sold outQ4 24: 77 bought or addedQ4 24: 60 cut or sold outQ4 24Q1 25: 72 bought or addedQ1 25: 62 cut or sold outQ2 25: 55 bought or addedQ2 25: 65 cut or sold outQ2 25Q3 25: 109 bought or addedQ3 25: 47 cut or sold outQ4 25: 122 bought or addedQ4 25: 85 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20248042
Q2 20247156
Q3 20245866
Q4 20247760
Q1 20257262
Q2 20255565
Q3 202510947
Q4 202512285

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ1 25 calls: $4.0mQ1 25 puts: $2.5mQ1 25P/C 0.61Q2 25 calls: $3.4mQ2 25 puts: $2.8mQ2 25P/C 0.82Q3 25 calls: $66.7mQ3 25 puts: $39.9mQ3 25P/C 0.60Q4 25 calls: $143.6mQ4 25 puts: $34.1mQ4 25P/C 0.24
Numbers
QuarterCallsPutsP/C
Q1 2025$4.0m$2.5m0.61
Q2 2025$3.4m$2.8m0.82
Q3 2025$66.7m$39.9m0.60
Q4 2025$143.6m$34.1m0.24

Biggest buyers

JANE STREET GROUP, LLC Added +15,392,332+15.4m
CITADEL ADVISORS LLC Added +9,061,288+9.1m
Connor, Clark & Lunn Investment Management Ltd. New +7,899,824+7.9m
Situational Awareness LP New +6,897,100+6.9m
RENAISSANCE TECHNOLOGIES LLC New +6,884,431+6.9m
MORGAN STANLEY Added +6,123,825+6.1m
TD Asset Management Inc Added +4,404,402+4.4m
NOMURA HOLDINGS INC New +2,990,256+3.0m
DIMENSIONAL FUND ADVISORS LP Added +2,756,236+2.8m
MILLENNIUM MANAGEMENT LLC Added +2,728,488+2.7m

Biggest sellers

THAMES CAPITAL MANAGEMENT LLC Sold out -7,033,331-7.0m
ROYAL BANK OF CANADA Reduced -6,230,705-6.2m
Point72 Asset Management, L.P. Reduced -5,366,295-5.4m
Nuveen, LLC Reduced -3,245,432-3.2m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -2,821,517-2.8m
CONTINENTAL GENERAL INSURANCE CO Sold out -2,695,233-2.7m
GOLDMAN SACHS GROUP INC Reduced -2,564,013-2.6m
Vident Advisory, LLC Reduced -1,957,329-2.0m
Invesco Ltd. Reduced -1,949,642-1.9m
MARSHALL WACE, LLP Sold out -1,892,783-1.9m

Biggest calls

JANE STREET GROUP, LLC Added $46.3m19.7m shares
WELLS FARGO & COMPANY/MN New $35.2m15.0m shares
CITADEL ADVISORS LLC Added $14.7m6.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $13.9m5.9m shares
GROUP ONE TRADING LLC Added $7.5m3.2m shares
SIMPLEX TRADING, LLC Reduced $5.1m2.2m shares
IMC-Chicago, LLC Added $4.9m2.1m shares
Parallax Volatility Advisers, L.P. Added $4.8m2.0m shares
OnyxPoint Global Management LP Added $3.1m1.3m shares
PEAK6 LLC New $2.5m1.1m shares

Biggest puts

CITADEL ADVISORS LLC Added $10.5m4.5m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $7.6m3.2m shares
SIMPLEX TRADING, LLC Reduced $4.6m2.0m shares
Balyasny Asset Management L.P. New $3.1m1.3m shares
GROUP ONE TRADING LLC Reduced $2.0m861.8k shares
JANE STREET GROUP, LLC Reduced $1.8m785.5k shares
IMC-Chicago, LLC Added $1.4m597.0k shares
Galaxy Digital Capital Management GP LLC New $1.1m456.1k shares
Parallax Volatility Advisers, L.P. Reduced $636.4k270.8k shares
Jain Global LLC New $587.5k250.0k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANE STREET GROUP, LLC 0.08% of their portfolio NEW YORK, NY 28,872,64228.9m $68.0m $68.0m 0.08% Added +15.4m +15,392,332
2 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 20,018,53520.0m $47.0m $47.0m 0.03% Added +9.1m +9,061,288
3 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 12,423,88012.4m $29.2m $29.2m 0.00% Reduced -1.9m -1,949,642
4 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 9,560,6749.6m $22.5m $22.5m 0.03% Reduced -2.8m -2,821,517
5 CastleKnight Management LP 1.11% of their portfolio New York, NY 8,293,1698.3m $19.5m $19.5m 1.11% Added +1.6m +1,607,769
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,974,8588.0m $18.7m $18.7m 0.00% Added +6.1m +6,123,825
7 Connor, Clark & Lunn Investment Management Ltd. 0.05% of their portfolio VANCOUVER, A1 7,899,8247.9m $18.6m $18.6m 0.05% New
8 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio CAUSEWAY BAY, K3 7,173,8607.2m $16.9m $16.9m 0.03% Added +113.5k +113,471
9 Situational Awareness LP 0.41% of their portfolio SAN FRANCISCO, CA 6,897,1006.9m $16.2m $16.2m 0.41% New
10 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 6,884,4316.9m $16.2m $16.2m 0.03% New
11 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 6,810,6146.8m $16.0m $16.0m 0.01% Added +2.7m +2,728,488
12 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 4,981,0255.0m $11.7m $11.7m 0.01% Added +4.4m +4,404,402
13 Vident Advisory, LLC 0.10% of their portfolio Alpharetta, GA 4,711,6574.7m $11.1m $11.1m 0.10% Reduced -2.0m -1,957,329
14 BIT Capital GmbH 0.43% of their portfolio BERLIN, 2M 4,236,9124.2m $10.0m $10.0m 0.43% Added +801.1k +801,068
15 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 4,145,7514.1m $9.7m $9.7m 0.01% Reduced -244.8k -244,826
16 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 3,710,1283.7m $8.7m $8.7m 0.00% Reduced -1.8m -1,808,158
17 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,364,5943.4m $7.9m $7.9m 0.00% Reduced -250.0k -250,004
18 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 3,156,4763.2m $7.4m $7.4m 0.00% Added +2.8m +2,756,236
19 NOMURA HOLDINGS INC 0.02% of their portfolio TOKYO, M0 2,990,2563.0m $7.0m $7.0m 0.02% New
20 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 2,702,7852.7m $6.4m $6.4m 0.00% Reduced -230.4k -230,416
21 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,684,7352.7m $6.3m $6.3m 0.00% Added +2.6m +2,646,405
22 Azora Capital LP 0.39% of their portfolio MIAMI, FL 2,637,7722.6m $6.2m $6.2m 0.39% Reduced -1.5m -1,456,346
23 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 2,402,5342.4m $5.7m $5.7m 0.01% New
24 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,175,5362.2m $5.1m $5.1m 0.00% Added +2.0m +1,975,837
25 Galaxy Digital Capital Management GP LLC 5.58% of their portfolio NEW YORK, NY 1,885,7281.9m $4.4m $4.4m 5.58% Added +181.2k +181,199
26 GROUP ONE TRADING LLC 0.13% of their portfolio CHICAGO, IL 1,876,2741.9m $4.4m $4.4m 0.13% Reduced -1.4m -1,430,561
27 MMCAP International Inc. SPC 0.40% of their portfolio GRAND CAYMAN, E9 1,695,2981.7m $4.0m $4.0m 0.40% Reduced -1.1m -1,100,000
28 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,682,4391.7m $4.0m $4.0m 0.00% Reduced -1.3m -1,308,816
29 CloudAlpha Capital Management Limited/Hong Kong 0.34% of their portfolio HONG KONG, K3 1,631,9641.6m $3.8m $3.8m 0.34% New
30 SIMPLEX TRADING, LLC 0.10% of their portfolio CHICAGO, IL 1,587,5211.6m $3.7m $3.7m 0.10% Added +145.5k +145,524
31 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,517,9081.5m $3.6m $3.6m 0.00% Reduced -2.6m -2,564,013
32 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 1,444,6851.4m $3.4m $3.4m 0.01% Added +1.4m +1,428,519
33 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,418,6841.4m $3.3m $3.3m 0.00% Reduced -415.2k -415,209
34 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,221,7971.2m $2.9m $2.9m 0.00% Added +803.4k +803,398
35 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 1,101,1321.1m $2.6m $2.6m 0.00% Reduced -5.4m -5,366,295
36 Alyeska Investment Group, L.P. 0.01% of their portfolio CHICAGO, IL 1,079,7001.1m $2.5m $2.5m 0.01% New
37 CLEARFIELD CAPITAL MANAGEMENT LP 1.33% of their portfolio NEW YORK, NY 1,050,3001.1m $2.5m $2.5m 1.33% New
38 Swiss National Bank 0.00% of their portfolio ZURICH, V8 1,032,8001.0m $2.4m $2.4m 0.00% Unchanged
39 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 1,011,4571.0m $2.4m $2.4m 0.01% Added +983.5k +983,470
40 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 1,007,9151.0m $2.4m $2.4m 0.00% Added +174.9k +174,930
41 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 906,155906.2k $2.1m $2.1m 0.00% Reduced -26.1k -26,076
42 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 874,042874.0k $2.1m $2.1m 0.00% Added +131.6k +131,607
43 Creek Drive Management Group LLC 1.47% of their portfolio SAN FRANCISCO, CA 850,000850.0k $2.0m $2.0m 1.47% First filing
44 Vennlight Capital Management, LP 2.29% of their portfolio WESTON, CT 834,075834.1k $2.0m $2.0m 2.29% New
45 Alight Capital Management LP 0.50% of their portfolio New York, NY 800,000800.0k $1.9m $1.9m 0.50% Added +400.0k +400,000
46 Marex Group Ltd 0.02% of their portfolio London, X0 774,120774.1k $1.8m $1.8m 0.02% New
47 Aquatic Capital Management LLC 0.05% of their portfolio CHICAGO, IL 719,157719.2k $1.7m $1.7m 0.05% New
48 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 676,571676.6k $1.6m $1.6m 0.00% New
49 Baader Bank Aktiengesellschaft 0.12% of their portfolio Unterschleissheim, 2M 633,973634.0k $1.4m $1.4m 0.12% Added +121.3k +121,276
50 Havemeyer Place LP 0.26% of their portfolio GREENWICH, CT 571,298571.3k $1.3m $1.3m 0.26% First filing
51 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 539,688539.7k $1.3m $1.3m 0.00% Added +252.0k +251,982
52 XTX Topco Ltd 0.03% of their portfolio LONDON, X0 538,103538.1k $1.3m $1.3m 0.03% Added +174.7k +174,720
53 CIBC Asset Management Inc 0.00% of their portfolio TORONTO, Z4 478,903478.9k $1.1m $1.1m 0.00% New
54 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 473,080473.1k $1.1m $1.1m 0.00% New
55 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 468,873468.9k $1.1m $1.1m 0.00% Unchanged
56 Legal & General Group Plc 0.00% of their portfolio London, X0 452,736452.7k $1.1m $1.1m 0.00% Reduced -25.6k -25,636
57 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 404,991405.0k $954.3k $954.3k 0.00% Reduced -3.2m -3,245,432
58 Arosa Capital Management LP 0.57% of their portfolio MIAMI BEACH, FL 375,000375.0k $881.2k $881.2k 0.57% New
59 BOOTHBAY FUND MANAGEMENT, LLC 0.02% of their portfolio NEW YORK, NY 372,741372.7k $875.9k $875.9k 0.02% Added +267.7k +267,686
60 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 358,873358.9k $843.4k $843.4k 0.00% New
61 Caption Management, LLC 0.04% of their portfolio OKLAHOMA CITY, OK 358,800358.8k $843.2k $843.2k 0.04% Reduced -111.0k -110,982
62 PEAK6 LLC 0.01% of their portfolio AUSTIN, TX 358,600358.6k $842.7k $842.7k 0.01% New
63 Chicago Partners Investment Group LLC 0.02% of their portfolio CHICAGO, IL 352,980353.0k $967.2k $967.2k 0.02% Added +41.8k +41,782
64 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 348,900348.9k $821.2k $821.2k 0.00% Reduced -1.7m -1,719,600
65 Round Rock Advisors LLC 0.12% of their portfolio WILTON, CT 327,671327.7k $770.0k $770.0k 0.12% New
66 Leonteq Securities AG 0.04% of their portfolio ZURICH, V8 303,201303.2k $712.5k $712.5k 0.04% Added +208.5k +208,488
67 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 300,000300.0k $705.0k $705.0k 0.00% New
68 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 290,749290.7k $683.0k $683.0k 0.00% New
69 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 280,602280.6k $659.3k $659.3k 0.00% Reduced -73.9k -73,904
70 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 275,464275.5k $648.3k $648.3k 0.00% Reduced -971.0k -971,048
71 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.00% of their portfolio VICTORIA, A1 275,034275.0k $647.2k $647.2k 0.00% New
72 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 267,347267.3k $629.9k $629.9k 0.00% Added +69.5k +69,515
73 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.01% of their portfolio MINNEAPOLIS, MN 250,200250.2k $588.0k $588.0k 0.01% New
74 Pictet Asset Management Holding SA 0.00% of their portfolio CAROUGE, V8 224,917224.9k $530.0k $530.0k 0.00% Added +151.5k +151,544
75 Virtu Financial LLC 0.02% of their portfolio New York, NY 211,635211.6k $497.0k $497.0k 0.02% New
76 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 210,833210.8k $495.0k $495.0k 0.00% Added +9.4k +9,434
77 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.00% of their portfolio Madrid, U3 199,200199.2k $480.3k $480.3k 0.00% Reduced -34.9k -34,929
78 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 182,416182.4k $428.7k $428.7k 0.00% Added +165.5k +165,488
79 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 181,611181.6k $427.9k $427.9k 0.00% Added +71.3k +71,308
80 Compagnie Lombard Odier SCmA 0.00% of their portfolio 1204 GENEVA, V8 180,200180.2k $424.6k $424.6k 0.00% Added +5.2k +5,200
81 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 174,733174.7k $410.6k $410.6k 0.00% Added +174.0k +173,968
82 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 169,091169.1k $397.4k $397.4k 0.00% New
83 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 150,802150.8k $354.0k $354.0k 0.00% New
84 TWO SIGMA SECURITIES, LLC 0.05% of their portfolio NEW YORK, NY 149,614149.6k $351.6k $351.6k 0.05% Added +95.2k +95,172
85 Parallax Volatility Advisers, L.P. 0.01% of their portfolio San Francisco, CA 146,319146.3k $343.9k $343.9k 0.01% Reduced -423.7k -423,681
86 Pinpoint Asset Management (Singapore) Pte. Ltd. 0.07% of their portfolio SINGAPORE, U0 145,018145.0k $340.8k $340.8k 0.07% New
87 Gladstone Institutional Advisory LLC 0.01% of their portfolio Bedminster, NJ 137,825137.8k $323.9k $323.9k 0.01% Reduced -95.6k -95,575
88 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 136,304136.3k $320.0k $320.0k 0.00% Added +44.1k +44,132
89 INSIGNEO ADVISORY SERVICES, LLC 0.02% of their portfolio MIAMI, FL 136,227136.2k $320.1k $320.1k 0.02% Added +300 +300
90 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 115,567115.6k $272.0k $272.0k 0.00% Added +26.1k +26,071
91 Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio TOKYO, M0 107,095107.1k $278.4k $278.4k 0.00% Reduced -180.5k -180,471
92 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 105,670105.7k $248.3k $248.3k 0.00% Added +55.7k +55,670
93 BANK OF NOVA SCOTIA 0.00% of their portfolio TORONTO, A6 102,761102.8k $241.8k $241.8k 0.00% New
94 SBI Securities Co., Ltd. 0.01% of their portfolio TOKYO, M0 100,126100.1k $235.3k $235.3k 0.01% Added +22.3k +22,258
95 Harvest Portfolios Group Inc. 0.00% of their portfolio Oakville, A6 90,25890.3k $212.4k $212.4k 0.00% Reduced -13.6k -13,576
96 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 90,24390.2k $212.1k $212.1k 0.00% New
97 Brooklands Fund Management Ltd 0.11% of their portfolio LONDON, X0 90,00090.0k $210.6k $210.6k 0.11% New
98 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 88,41788.4k $207.8k $207.8k 0.00% Added +2.7k +2,670
99 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 88,32188.3k $207.7k $207.7k 0.00% Added +68.9k +68,853
100 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 86,99787.0k $204.4k $204.4k 0.00% Added +7.6k +7,641