Bitfarms Ltd - ESG Rating & Company Profile powered by AI
This ESG score covers 17 UN Sustainable Development Goals including: 'No Poverty', 'Reduced Inequalities' and 'Life on Land'. Other companies in the scoring peer group for Bitfarms Ltd are shown below. The assessment of Bitfarms Ltd leverages data from across the web as well as from public disclosures by Bitfarms Ltd.
Bitfarms Ltd in the Financial Technology (Fintech) industry gained a UN SDG ESG Transparency Score of 4.4; made up of an environmental score of 5.3, social score of 2.7 and governance score of 5.3.
4.4
Medium ImpactEnvironmental
Social
Governance
Peer Group Comparison
| Rank | Company | SDG Transparency Score ⓘ | Performance |
|---|---|---|---|
| 1 | IntegraFin Holdings plc | 8.0 | High |
| 1 | Infibeam Avenues Ltd | 8.0 | High |
| 8 | Online Blockchain PLC | 5.3 | High |
| 10 | Cashlez Worldwide Indonesia Tbk PT | 5.2 | High |
| 11 | Bitfarms Ltd | 4.4 | High |
| 12 | Payright Ltd | 4.1 | High |
| ... | ... | ... | |
| 13 | Priority Technology Holdings Inc | 3.5 | Medium |
| ... | ... | ... | |
| 35 | Zoompass Holdings Inc | 0.0 | Low |
| 35 | eXeBlock Technology Corp | 0.0 | Low |
| ... | ... | ... |
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Potential Risks for Bitfarms Ltd
These potential risks are based on the size, segment and geographies of the company.
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.