Bitfarms Ltd. (BITF)

Market Cap	505.58M
Revenue (ttm)	182.96M
Net Income (ttm)	-131.27M
Shares Out	472.55M
EPS (ttm)	-0.35
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	19,093,445
Open	1.100
Previous Close	1.100
Day's Range	1.030 - 1.110
52-Week Range	0.990 - 3.280
Beta	3.27
Analysts	Strong Buy
Price Target	4.43 (+315.96%)
Earnings Date	May 12, 2025

About BITF

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 ...

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

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.

Analyst Forecast

According to 7 analysts, the average rating for BITF stock is "Strong Buy." The 12-month stock price forecast is $4.43, which is an increase of 315.96% from the latest price.

Price Target

$4.43

(315.96% upside)

Analyst Consensus: Strong Buy