Bitfarms Ltd. (BITF)

Market Cap	1.02B
Revenue (ttm)	182.96M
Net Income (ttm)	-126.39M
Shares Out	472.50M
EPS (ttm)	-0.34
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	79,342,649
Open	2.280
Previous Close	2.230
Day's Range	2.100 - 2.330
52-Week Range	1.010 - 3.910
Beta	3.18
Analysts	Strong Buy
Price Target	4.17 (+92.17%)
Earnings Date	Nov 13, 2024

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 -$104.04 million, -40.77% less than in 2022.

Analyst Forecast

According to 6 analysts, the average rating for BITF stock is "Strong Buy." The 12-month stock price forecast is $4.17, which is an increase of 92.17% from the latest price.

Price Target

$4.17

(92.17% upside)

Analyst Consensus: Strong Buy