SCHEDULE: Jane Street Group Discloses 5.6% Stake in Bitfarms

Jane Street Group, LLC and its affiliates have disclosed a beneficial ownership of 5.6% in Bitfarms Ltd., totaling 33,552,042 common shares as of December 31, 2025.

Summary

• Jane Street Group, LLC, along with its subsidiaries Jane Street Capital, LLC, Jane Street Options, LLC, and Jane Street Global Trading, LLC, collectively reported beneficial ownership of 33,552,042 common shares of Bitfarms Ltd.
• This aggregate ownership represents 5.6% of Bitfarms Ltd.'s common shares outstanding.
• All beneficially owned shares are held with shared voting and shared dispositive power.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating a previous disclosure of ownership.
• The reporting persons certified that the securities were not acquired or held for the purpose of changing or influencing the control of Bitfarms Ltd.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as the disclosure of a 5.6% stake by a reputable financial institution like Jane Street Group can enhance market confidence and signal institutional validation for Bitfarms Ltd.

Positives

• A significant stake by a prominent financial firm like Jane Street Group could be viewed positively, suggesting institutional interest and potential liquidity for Bitfarms Ltd.
• The passive nature of the investment, as certified by Jane Street, indicates no immediate intent to influence management or control, which can provide stability.

Future Outlook

NA

Management Comments

• To the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

StockSavvy.ai notes that the disclosure of a significant stake by Jane Street Group, a highly respected quantitative trading firm, in Bitfarms Ltd., a Bitcoin mining company, highlights continued institutional interest in the cryptocurrency and blockchain sector. This type of investment by a sophisticated market participant can signal underlying value or strategic positioning within the volatile digital asset industry, potentially influencing other institutional investors.

Comparison to Industry Standards

• Not directly applicable as this filing is an ownership disclosure rather than a performance report. However, the acquisition of a 5.6% stake by a major financial institution like Jane Street Group in a company operating in the cryptocurrency mining sector is a notable event, reflecting a trend of increasing institutional participation in digital asset-related equities. This contrasts with earlier periods where such investments were primarily retail-driven or by specialized crypto funds.

Stakeholder Impact

• Shareholders: The presence of a significant institutional investor like Jane Street Group could potentially increase liquidity and lend credibility to Bitfarms Ltd., which may be viewed favorably by existing and prospective shareholders.
• Market Perception: The disclosure might positively influence market perception of Bitfarms Ltd., potentially attracting further institutional interest.

Key Dates

Recommendation

While the disclosure of a significant institutional stake by Jane Street Group is a positive signal of institutional interest and potential validation for Bitfarms Ltd., this filing alone does not provide sufficient operational or financial data to warrant a 'buy' or 'sell' recommendation. Investors should 'hold' and await further financial disclosures or strategic updates from Bitfarms Ltd. to make a more informed decision, while acknowledging the increased institutional presence.

Keywords

Bitfarms Ltd, Jane Street Group, Schedule 13G, beneficial ownership, common shares, institutional investment, crypto mining, equity stake, passive investment