Bitfarms Ltd. (BITF)

Market Cap	605.22M
Revenue (ttm)	146.37M
Net Income (ttm)	-104.04M
Shares Out	301.86M
EPS (ttm)	-0.40
PE Ratio	n/a
Forward PE	60.61
Dividend	n/a
Ex-Dividend Date	n/a

Volume	11,662,252
Open	1.960
Previous Close	2.060
Day's Range	1.910 - 2.040
52-Week Range	0.919 - 3.910
Beta	3.29
Analysts	Strong Buy
Price Target	4.00 (+99.5%)
Earnings Date	May 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 founded in 2017 and is based in Toronto, Canada.

• Industry: Capital Markets
• Sector: Financials
• Founded: 2017
• Employees: 170
• Stock Exchange: NASDAQ
• Ticker Symbol: BITF

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 3 analysts, the average rating for BITF stock is "Strong Buy." The 12-month stock price forecast is $4.0, which is an increase of 99.50% from the latest price.

Price Target

$4.0

(99.50% upside)

Analyst Consensus: Strong Buy