Bitfarms Ltd. (TSX:BITF)

Bitfarms Statistics

Total Valuation

Bitfarms has a market cap or net worth of CAD 2.58 billion. The enterprise value is 2.56 billion.

Market Cap	2.58B
Enterprise Value	2.56B

Important Dates

The last earnings date was Thursday, November 13, 2025.

Earnings Date	Nov 13, 2025
Ex-Dividend Date	n/a

Share Statistics

Bitfarms has 597.92 million shares outstanding. The number of shares has increased by 40.22% in one year.

Current Share Class	597.92M
Shares Outstanding	597.92M
Shares Change (YoY)	+40.22%
Shares Change (QoQ)	n/a
Owned by Insiders (%)	0.29%
Owned by Institutions (%)	33.81%
Float	570.53M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	6.71
PB Ratio	3.03
P/TBV Ratio	3.05
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 54.03, with an EV/FCF ratio of -5.30.

EV / Earnings	-14.36
EV / Sales	6.66
EV / EBITDA	54.03
EV / EBIT	n/a
EV / FCF	-5.30

Financial Position

The company has a current ratio of 3.20, with a Debt / Equity ratio of 0.12.

Current Ratio	3.20
Quick Ratio	0.77
Debt / Equity	0.12
Debt / EBITDA	2.16
Debt / FCF	-0.21
Interest Coverage	-17.31

Financial Efficiency

Return on equity (ROE) is -12.50% and return on invested capital (ROIC) is -9.28%.

Return on Equity (ROE)	-12.50%
Return on Assets (ROA)	-8.17%
Return on Invested Capital (ROIC)	-9.28%
Return on Capital Employed (ROCE)	-13.25%
Revenue Per Employee	2.26M
Profits Per Employee	-1.05M
Employee Count	170
Asset Turnover	0.40
Inventory Turnover	64.67

Taxes

Income Tax	-21.49M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has increased by +50.52% in the last 52 weeks. The beta is 4.67, so Bitfarms's price volatility has been higher than the market average.

Beta (5Y)	4.67
52-Week Price Change	+50.52%
50-Day Moving Average	5.05
200-Day Moving Average	2.48
Relative Strength Index (RSI)	46.94
Average Volume (20 Days)	6,647,612

Short Selling Information

The latest short interest is 7.39 million, so 1.74% of the outstanding shares have been sold short.

Short Interest	7.39M
Short Previous Month	8.82M
Short % of Shares Out	1.74%
Short % of Float	2.26%
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, Bitfarms had revenue of CAD 385.01 million and -178.57 million in losses. Loss per share was -0.34.

Revenue	385.01M
Gross Profit	17.74M
Operating Income	-126.30M
Pretax Income	-119.29M
Net Income	-178.57M
EBITDA	41.71M
EBIT	-126.30M
Loss Per Share	-0.34

Balance Sheet

The company has 121.11 million in cash and 102.63 million in debt, giving a net cash position of 18.48 million or 0.03 per share.

Cash & Cash Equivalents	121.11M
Total Debt	102.63M
Net Cash	18.48M
Net Cash Per Share	0.03
Equity (Book Value)	851.55M
Book Value Per Share	1.51
Working Capital	358.89M

Cash Flow

In the last 12 months, operating cash flow was -273.49 million and capital expenditures -210.12 million, giving a free cash flow of -483.61 million.

Operating Cash Flow	-273.49M
Capital Expenditures	-210.12M
Free Cash Flow	-483.61M
FCF Per Share	-0.81

Margins

Gross margin is 4.61%, with operating and profit margins of -32.80% and -46.38%.

Gross Margin	4.61%
Operating Margin	-32.80%
Pretax Margin	-30.98%
Profit Margin	-46.38%
EBITDA Margin	10.83%
EBIT Margin	-32.80%
FCF Margin	n/a

Dividends & Yields

Bitfarms does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	-40.22%
Shareholder Yield	-40.22%
Earnings Yield	-6.91%
FCF Yield	-18.72%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	n/a
Lynch Upside	n/a
Graham Number	n/a
Graham Upside	n/a

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

Bitfarms has an Altman Z-Score of 1.89 and a Piotroski F-Score of 2. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	1.89
Piotroski F-Score	2