Bitfarms Ltd. (TSX: BITF)
Canada
· Delayed Price · Currency is CAD | Market Cap | 1.38B |
| Revenue (ttm) | 227.82M |
| Net Income (ttm) | -146.22M |
| Shares Out | 409.31M |
| EPS (ttm) | -0.51 |
| PE Ratio | n/a |
| Forward PE | 60.98 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,199,300 |
| Open | 3.710 |
| Previous Close | 3.530 |
| Day's Range | n/a |
| 52-Week Range | 1.260 - 5.250 |
| Beta | 3.35 |
| Analysts | n/a |
| Price Target | 5.91 (+70.81%) |
| Earnings Date | Aug 30, 2024 |
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 founded in 2017 and is based in Toronto, Canada. [Read more]
News
Bitfarms mined 21% more Bitcoin in June amid Riot takeover attempts
Bitfarms increased its online hashrate to 10.4 exahashes per second in June, marking a 39% month-on-month increase.
What's Going On With Shares Of Bitcoin Miner Bitfarms Today?
Bitfarms Ltd (NASDAQ: BITF) shares are trading higher. The company on Monday provided a production and operations update for June . What Happened: Bitfarms said it mined 189 Bitcoin (CRYPTO: BTC) la...
Bitfarms Provides June 2024 Production and Operations Update
- Earned 189 BTC in June 2024 -- Increased installed hashrate to 11.4 EH/s with 10.4 EH/s operational - - Improved energy efficiency to 25 w/TH, up 36% Y/Y and 7.4% M/M -- Strategic U.S. expansion wit...
Crypto Biz: Jump Crypto exec steps down, first MiCA deadline looms, and more
This weeks Crypto Biz explores the departure of Jump Cryptos CEO, Animoca Brands return to public markets, the corporate dispute between Riot and Bitfarms, and other news.
Bitfarms adds board member to deter Riot Platforms takeover
Despite initially planning to buy all Bitfarms shares at $2.30 per share, Riot withdrew the offer, stating that cooperating with Bitfarms current board was difficult.
Bitfarms Announces Appointment of Fanny Philip to Board of Directors
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
Hearing set for Riot's challenge to Bitfarms' shareholder rights plan
Bitfarms Receives Shareholder Meeting Requisition
Reiterates Commitment to Strategic Alternative Review Process to Maximize Shareholder Value No Shareholder Action Required at this Time This news release constitutes a “designated news release” for th...
Riot seeks three Bitfarms board members, says it holds 14.9% stake
The mining firm said it intended to replace Bitfarms board members including its interim CEO with three people completely independent of both companies.
Bitcoin Miner Riot Platforms Ditches Bitfarms Takeover Bid, Seeks to Overhaul Board
Riot is Bitfarms' largest shareholder, owning 14.9% of the firm.
Riot Platforms withdraws offer for rival Bitfarms, seeks three board seats
Bitcoin miner Riot Platforms said on Monday it was withdrawing its offer for Bitfarms and had nominated three directors to the board of rival crypto miner.
Riot Platforms withdraws offer for Bitfarms, seeks three board seats
Riot Seeks Three Bitfarms Board Seats in Bitcoin Miner Takeover Fight
Riot Platforms Inc. has called for a special meeting of shareholders at Bitfarms Ltd. to vote on three new board nominees as it seeks to take over the rival Bitcoin miner, according to people familiar...
Riot Requisitions Special Meeting of Bitfarms Shareholders and Nominates Three Highly Qualified, Independent Directors to Bring Urgently Needed Change to Bitfarms Board
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot”) today announced that it has requisitioned a special meeting of Bitfarms Ltd. (NASDAQ: BITF) (“Bitfarms” or the “Compan...
Why is Riot Platforms in a hostile takeover of Bitfarms?
Bitfarms (NASDAQ: BITF) and Riot Platforms (NASDAQ: RIOT) stock prices have been in the spotlight in the past few weeks. BITF has surged by over 78% in the past 30 days, giving it a market cap of over...
Crypto Biz: Riot Platforms and Bitfarms dispute escalates
This weeks Crypto Biz explores the corporate battle between Riot Platforms and Bitfarms, Tethers $1 billion budget for startups, Ripple Labs new custodian deal, and more.
Riot Platforms boosts stake in Bitfarms to 14%
Bitfarms Ltd (NASDAQ: BITF) is gaining this morning after Riot Platforms Inc (NASDAQ: RIOT) increased its stake in the Bitcoin miner to about $14%. Riot now owns over 59 million Bitfarms shares Riot ...
Bitfarms expands into Pennsylvania amid Riots growing stake
Bitfarms announces U.S. expansion in Pennsylvania, while Riot Platforms increases its ownership stake in the company to 14%.
Bitcoin Mining Giant Riot Platforms Ramps Up Rival Bitfarms Takeover Effort By Increasing Stake To 14%
Bitcoin (CRYPTO: BTC) mining giant Riot Platforms Inc. (NASDAQ: RIOT) has upped its stake in rival Bitfarms Ltd. (NASDAQ: BITF) to 14% by purchasing an additional $3.87 million worth of shares as p...
MSFT Falls & Latest in RIOT Acquisition of BITF
Microstrategy (MSTR) shares fall after they announced plans to raise $500N to buy more Bitcoin. Kevin Green discusses this, as well as the latest in Riot Platforms (RIOT) acquisition pursuit of Bit Fa...
Bitfarms to develop 120 MW power capacity, gives 2025 guidance over 35 EH/s
Bitfarms Enters into Agreement to Develop 120 MW in U.S.; Provides 2025 Guidance of Over 35 EH/s
-First U.S. large scale site supports 8 EH/s in 2025 with deployment of 600 PH/s in 2024--Strategically located in PJM Interconnection market, providing access to low-cost, flexible power--Increases 2...
Bitfarms pushes back against Riots $950M takeover attempt
Riot's $950 million buyout offer is met with resistance as Bitfarms stakeholders and special committee deem it undervalued and not in shareholders best interests.
Bitfarms Issues Statement Regarding Riot Platforms' Attempts to Disrupt Ongoing Strategic Alternatives Review Process
-Bitfarms Board of Directors Remains Committed to Maximizing Value for All Shareholders- -Continues to Welcome Riot's Participation in Ongoing Strategic Alternatives Review Process- This news release ...
Riot acquires 13% Bitfarms stake as CEO decries poison pill strategy
Bitfarms stock price on the Nasdaq has increased more than 56% in the last 30 days amid Riot Platforms attempt at a takeover.