Exhibit 99.2 Management's Discussion & Analysis For the three and nine months ended September 30, 2024 Q3 2024 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 2024 Financial Results and Operational Highlights | 6 | | 5. | Production and Mining Operations | 8 | | 6. | Expansion Projects | 10 | | 7. | Financial ...