Bitfarms Ltd. (TSX: BITF)

Canada flag Canada · Delayed Price · Currency is CAD
2.480
+0.030 (1.22%)
Jan 20, 2025, 2:56 PM EST
-20.00%
Market Cap 1.16B
Revenue (ttm) 247.17M
Net Income (ttm) -177.34M
Shares Out 472.50M
EPS (ttm) -0.48
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,686,792
Average Volume 3,404,016
Open 2.550
Previous Close 2.450
Day's Range 2.470 - 2.570
52-Week Range 2.120 - 5.250
Beta 3.26
RSI 48.39
Earnings Date Mar 7, 2025

About Bitfarms

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was formerly known as Bitfarms Technologies Ltd and changed its name to Bitfarms ... [Read more]

Industry Capital Markets
Sector Financials
Founded 2017
Employees 170
Stock Exchange Toronto Stock Exchange
Ticker Symbol BITF
Full Company Profile

Financial Performance

In 2023, Bitfarms's revenue was $146.37 million, an increase of 2.76% compared to the previous year's $142.43 million. Losses were -$108.92 million, -37.99% less than in 2022.

Financial numbers in USD Financial Statements

News

Bitfarms to Present at Needham Growth Conference in NYC

TORONTO, Ontario and BROSSARD, Québec, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms”), a global vertically integrated Bitcoin data center company, will be attending Ne...

12 days ago - GlobeNewsWire

Bitfarms' reports M/M rise in total BTC earned in December

Bitfarms reported growth in BTC earned in December. Operating at 12.8 EH/s with sales of 147 BTC.

18 days ago - Seeking Alpha

Bitfarms Provides December 2024 Production and Operations Update

- Increased hashrate 97% Y/Y to 12.8 EH/s - - Improved efficiency 40% Y/Y to 21 w/TH -- Earned 2,914 BTC for full-year 2024 -- Expanded operational MW 35% Y/Y to 324MW -- Acquisition of Stronghold Dig...

18 days ago - GlobeNewsWire

Bitcoin Decline Impacts Coinbase (COIN), Bitfarms, and Microstrategy

Bitcoin Decline Impacts Coinbase (COIN), Bitfarms, and Microstrategy

21 days ago - GuruFocus

Bitfarms Files Second Amended and Restated Prospectus Supplement for its Existing At-the-Market Equity Offering Program

This news release constitutes a “designated news release” for the purposes of the Company's second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf pros...

4 weeks ago - GlobeNewsWire

Bitfarms Announces Restatement of Previously Issued Financial Statements

This news release constitutes a “designated news release” for the purposes of the Company's amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus da...

5 weeks ago - GlobeNewsWire

This Veeva Systems Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page . Alliance ...

6 weeks ago - Benzinga

Bitfarms Provides November 2024 Production and Operations Update

This news release constitutes a “designated news release” for the purposes of the Company's amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus da...

7 weeks ago - GlobeNewsWire

Bitfarms Announces Results of Special Meeting of Shareholders

- Bitfarms Board of Directors Increased to Six Members, Five of whom are Independent –-Andrew J. Chang Appointed as Independent Director--Shareholder Rights Plan Approved-

2 months ago - GlobeNewsWire

Earnings Scheduled For November 13, 2024

Companies Reporting Before The Bell • Davis Commodities (NASDAQ: DTCK) is expected to report earnings for its first quarter. • HIVE Digital Technologies (NASDAQ: HIVE) is estimated to report quarter...

2 months ago - Benzinga

Bitcoin Miners Hive Digital, Hut 8, Bitfarms To Report Earnings As Future Of Crypto 'Has Never Been Brighter'

Bitcoin (CRYPTO: BTC) has soared to all-time highs following Donald Trump's election win, also lifting Bitcoin mining stocks on a wave of positive sentiment. Here's a look at what to watch as several...

2 months ago - Benzinga

Insights into Bitfarms's Upcoming Earnings

Bitfarms (NASDAQ: BITF) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-13. Here's a quick overview of what investors should know before the release. Analysts are estimating th...

2 months ago - Benzinga

Bitfarms Reschedules Third Quarter 2024 Conference Call to November 13th, 2024

TORONTO, Ontario and BROSSARD, Québec, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, announced today that it will be r...

2 months ago - GlobeNewsWire

Bitfarms Q3 Earnings Preview

Bitfarms (BITF) is set to announce Q3 earnings on November 12. Consensus estimates are -$0.10 EPS and $46.59M in revenue.

2 months ago - Seeking Alpha

Bitfarms Provides October 2024 Production and Operations Update

Earned 236 BTC in October 2024 & Increased Bitcoin Treasury to 1,188 BTC Earned 236 BTC in October 2024 & Increased Bitcoin Treasury to 1,188 BTC

2 months ago - GlobeNewsWire

Bitfarms inks another 10,000 Bitcoin miner hosting agreement with Stronghold

The Bitcoin data center firm is deploying an additional 10,000 miners to Strongholds Scrubgrass site.

2 months ago - Cointelegraph

Bitfarms Enters into Second 10,000 Miner Hosting Agreement with Stronghold Digital Mining

- Follows initial 10,000 miner hosting agreement announced in September – - Agreement supports 2.2 EH/s - This news release constitutes a “designated news release” for the purposes of the Company's am...

2 months ago - GlobeNewsWire

Bitfarms Nominates Andrew J. Chang for Election to the Board of Directors

- Company to Hold Virtual Special Meeting of Shareholders on November 20, 2024 - - Company to Hold Virtual Special Meeting of Shareholders on November 20, 2024 -

2 months ago - GlobeNewsWire

Bitfarms Appoints Rachel Silverstein as U.S. General Counsel

This news release constitutes a “designated news release” for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023.

3 months ago - GlobeNewsWire

Bitfarms Schedules Third Quarter 2024 Conference Call on November 12th, 2024

TORONTO, Ontario and BROSSARD, Québec, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, will report its third quarter 202...

3 months ago - GlobeNewsWire