Bitfarms Ltd. (BITF)
| Market Cap | 798.88M |
| Revenue (ttm) | 182.96M |
| Net Income (ttm) | -131.27M |
| Shares Out | 472.50M |
| EPS (ttm) | -0.35 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 54,146,338 |
| Open | 1.635 |
| Previous Close | 1.690 |
| Day's Range | 1.590 - 1.710 |
| 52-Week Range | 1.520 - 3.910 |
| Beta | 3.18 |
| Analysts | Strong Buy |
| Price Target | 4.43 (+163.69%) |
| 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 ... [Read more]
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.
Financial StatementsAnalyst 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 163.69% from the latest price.
News
Bitfarms Files Second Amended and Restated Prospectus Supplement for its Existing At-the-Market Equity Offering Program
This news release constitutes a “designated news release” for the purposes of the Company's second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf pros...
Bitfarms Announces Restatement of Previously Issued Financial Statements
This news release constitutes a “designated news release” for the purposes of the Company's amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus da...
Bitfarms Provides November 2024 Production and Operations Update
This news release constitutes a “designated news release” for the purposes of the Company's amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus da...
Bitfarms Announces Results of Special Meeting of Shareholders
- Bitfarms Board of Directors Increased to Six Members, Five of whom are Independent –-Andrew J. Chang Appointed as Independent Director--Shareholder Rights Plan Approved-
Bitfarms: Takeover Abated, Still A Work In Progress
Bitfarms remains independent after settling with Riot, stabilizing its leadership team. Q3 results showed 8% revenue growth, but increased costs per BTC due to April's halving and higher energy expens...
Bitfarms Ltd. (BITF) Q3 2024 Earnings Call Transcript
Bitfarms Ltd. (NASDAQ:BITF) Q3 2024 Earnings Conference Call November 13, 2024 8:00 AM ET Company Participants Tracy Krumme - Senior Vice President-Investor Relations & Corporate Communications Ben G...
Bitfarms Reschedules Third Quarter 2024 Conference Call to November 13th, 2024
TORONTO, Ontario and BROSSARD, Québec, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, announced today that it will be r...
Bitfarms Provides October 2024 Production and Operations Update
Earned 236 BTC in October 2024 & Increased Bitcoin Treasury to 1,188 BTC Earned 236 BTC in October 2024 & Increased Bitcoin Treasury to 1,188 BTC
Bitfarms Enters into Second 10,000 Miner Hosting Agreement with Stronghold Digital Mining
- Follows initial 10,000 miner hosting agreement announced in September – - Agreement supports 2.2 EH/s - This news release constitutes a “designated news release” for the purposes of the Company's am...
Bitfarms Nominates Andrew J. Chang for Election to the Board of Directors
- Company to Hold Virtual Special Meeting of Shareholders on November 20, 2024 - - Company to Hold Virtual Special Meeting of Shareholders on November 20, 2024 -
Bitfarms Appoints Rachel Silverstein as U.S. General Counsel
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.
Bitfarms Schedules Third Quarter 2024 Conference Call on November 12th, 2024
TORONTO, Ontario and BROSSARD, Québec, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, will report its third quarter 202...
Crypto stocks rally as bitcoin prices climb above $67K
Bitcoin (BTC-USD) prices have topped the $67,000 mark Wednesday — its highest since July. The jump was influenced by Vice President Harris's newly announced proposals to establish a clearer regulatory...
Bitfarms Files Amended and Restated Prospectus Supplement for its Existing At-the-Market Equity Offering Program
-This is a required amendment based on the proposed Stronghold Digital Mining acquisition- -US$127 million remains on the ATM- This news release constitutes a “designated news release” for the purpose...
Bitfarms reaches agreement with Riot, Freedman appointed to board
Bitcoin miner Bitfarms said on Monday it had entered into a settlement agreement with rival and top shareholder Riot Platforms , under which Amy Freedman was appointed to its board.
Bitfarms Enters into 10,000 Miner Hosting Agreement with Stronghold Digital Mining
- Agreement to support 2.2 EH/s with energization expected in October, two months ahead of schedule -
Bitfarms Reschedules Special Meeting of Shareholders
- Provides Update on Engagement with Riot -- Special Meeting to be Held In-Person - This news release constitutes a “designated news release” for the purposes of the Company's prospectus supplement ...
Bitfarms Issues Statement to Address Misleading Claims from Riot
- Reiterates Commitment to Value Creation - 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 bas...
Bitfarms to Acquire Stronghold Digital Mining
- Expands and Rebalances Bitfarms Energy Portfolio to Approximately 50% in the U.S. by YE 2025, Consistent with Strategic Plan -
Bitcoin miner Riot Platforms raises stake in rival Bitfarms to 18.9%
Bitcoin miner Riot Platforms said on Tuesday it had increased its stake in rival Bitfarms to 18.9%.
Riot Platforms, Inc. Reports Beneficial Ownership of 18.9% in Bitfarms Ltd.
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (“Riot”) issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over ...
Bitcoin miner Bitfarms chair Bonta to step down
Bitcoin miner Bitfarms said on Tuesday its co-founder and chair, Nicolas Bonta, will step down from the board, effective immediately.
Bitfarms Announces Board of Directors and Leadership Updates
-CEO Ben Gagnon Appointed to the Board; Lead Director Brian Howlett appointed Independent Chairman- -Co-Founder and Chairman Nicolas Bonta to Step Down- -Seasoned Operating Executive Liam Wilson to Jo...
Bitfarms Ltd. (BITF) Q2 2024 Earnings Call Transcript
Bitfarms Ltd. (NASDAQ:BITF) Q2 2024 Earnings Conference Call August 8, 2024 8:00 AM ET Company Participants Ben Gagnon - Chief Executive Officer Jeff Lucas - Chief Financial Officer.
Bitfarms Schedules Second Quarter 2024 Conference Call on August 8th, 2024
TORONTO, Ontario and BROSSARD, Québec, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining data center company, will report its second qua...