Bitfarms Ltd. — Regulatory Filings 2021

Aug 12, 2021

Kost Forer Gabbay & Kasierer Tel: +972-3-6232525 144 Menachem Begin Road, Building A, Fax: +972-3-5622555 Tel-Aviv 6492102, Israel ey.com

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August 12, 2021

TO: Ontario Securities Commission AND TO: Alberta Securities Commission British Columbia Securities Commission Manitoba Securities Commission Financial and Consumer Services Commission, New Brunswick Office of the Superintendent of Securities, Newfoundland and Labrador Office of the Superintendent of Securities, Northwest Territories Nova Scotia Securities Commission Office of the Superintendent of Securities, Nunavut Office of the Superintendent of Securities, Prince Edward Island Autorité des marchés financiers, Québec Financial and Consumer Affairs Authority of Saskatchewan Office of the Superintendent of Securities, Yukon

Dear Sirs / Mesdames:

Re: Bitfarms Ltd.

We refer to the short form base shelf prospectus of Bitfarms Ltd. (the "Company") dated August 12, 2021 relating to the sale and issue of common shares, warrants, subscription receipts, units, debt securities, and share purchase contracts (the “Prospectus”).

We consent to being named and to the use, through incorporation by reference in the Prospectus, of our report dated April 29, 2020 to the shareholders of the Company on the following financial statements:

• Statement of financial position as at December 31, 2019.

• Statements of comprehensive income, changes in equity and cash flows for the year ended December 31, 2019, and a summary of significant accounting policies and other explanatory information.

We report that we have read the Prospectus and all information therein and have no reason to believe that there are any misrepresentations in the information contained therein that are derived from the financial statements upon which we have reported or that are within our

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Kost Forer Gabbay & Kasierer Tel: +972-3-6232525 144 Menachem Begin Road, Building A, Fax: +972-3-5622555 Tel-Aviv 6492102, Israel ey.com

knowledge as a result of our audit of such financial statements. We have complied with Canadian generally accepted standards for an auditor's consent to the use of a report of the auditor included in an offering document, which does not constitute an audit or review of the Prospectus as these terms are described in the CPA Canada Handbook – Assurance.

KOST FORER GABBAY & KASIERER

A Member of Ernst & Young Global

(signed) " Kost Forer Gabbay & Kasierer "