| (1) |
| In accordance with Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), the registration statement to which this exhibit relates shall also cover such indeterminate
number of additional common shares, no par value (the “Common Shares”) of Bitfarms Ltd. (the “Registrant”) as may become issuable under the Stronghold Digital Mining, Inc. Omnibus
Incentive Plan (the “Plan”) as a result of any stock split, stock distribution, recapitalization or similar transaction effected without the Registrant’s receipt of consideration that result in an increase
in the number of outstanding Common Shares. Represents 2,002,551 Common Shares reserved for issuance in connection with awards issuable under the Plan and 1,890,000 Common
Shares issuable upon exercise of certain time-based restricted stock units outstanding under the Plan. Estimated solely for the purpose of calculating the registration fee pursuant to Rule
457(c) and (h) under the Securities Act on the basis of the average of the high and low sale prices of the Common Shares on the Nasdaq Stock Market LLC on March 13, 2025, which was $1.14.
Represents 302 Common Shares issuable pursuant to stock options granted under the Plan that have not yet been exercised. |