Exhibit 99.2 Management's Discussion & Analysis For the three and nine months ended September 30, 2023 Q3 2023 BITFARMS LTD. Management's Discussion & Analysis (In U.S. dollars, except where otherwise indicated) TABLE OF CONTENTS | --- | --- | --- | |-------|----------------------------------------------------------------------------------------------|-------| | 1. | Introduction | 3 | | 2. | Company Overview | 4 | | 3. | Financial Highlights | 5 | | 4. | Third Quarter 2023 Financial Results and Operational ...