Bitfarms Ltd. (BITF)

Market Cap	595.31M
Revenue (ttm)	209.41M
Net Income (ttm)	-83.96M
Shares Out	555.96M
EPS (ttm)	-0.18
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	25,868,580
Open	1.070
Previous Close	1.050
Day's Range	1.050 - 1.090
52-Week Range	0.673 - 3.280
Beta	4.26
Analysts	Strong Buy
Price Target	4.50 (+318.61%)
Earnings Date	May 14, 2025

About BITF

Bitfarms Ltd. operates integrated bitcoin data centers in Canada, the United States, Paraguay, and Argentina. It primarily owns and operates data centers housing computers to validate transactions on the bitcoin blockchain, as well as sells computational power used for hashing calculations for cryptocurrency mining in multiple jurisdictions. 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 Bitfarm...

• Industry: Capital Markets
• Sector: Financials
• Founded: 2017
• Employees: 170
• Stock Exchange: NASDAQ
• Ticker Symbol: BITF
• Website: https://www.bitfarms.com

Financial Performance

In 2024, Bitfarms's revenue was $192.88 million, an increase of 31.78% compared to the previous year's $146.37 million. Losses were -$54.06 million, -50.37% less than in 2023.

Analyst Forecast

According to 5 analysts, the average rating for BITF stock is "Strong Buy." The 12-month stock price forecast is $4.5, which is an increase of 318.61% from the latest price.

Price Target

$4.5

(318.61% upside)

Analyst Consensus: Strong Buy