Bitfarms Ltd. (BITF)

NASDAQ: BITF · Real-Time Price · USD
2.020
-0.050 (-2.42%)
Dec 12, 2024, 4:00 PM EST - Market closed
-2.42%
Market Cap 959.24M
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 66,393,715
Open 2.118
Previous Close 2.070
Day's Range 2.000 - 2.160
52-Week Range 1.520 - 3.910
Beta 3.18
Analysts Strong Buy
Price Target 4.43 (+119.31%)
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]

Industry Capital Markets
Sector Financials
Founded 2017
Employees 170
Stock Exchange NASDAQ
Ticker Symbol BITF
Full Company Profile

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.

Financial Statements

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 119.31% from the latest price.

Price Target
$4.43
(119.31% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

3 days ago - GlobeNewsWire

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...

10 days ago - GlobeNewsWire

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-

22 days ago - GlobeNewsWire

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...

4 weeks ago - Seeking Alpha

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...

4 weeks ago - Seeking Alpha

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...

4 weeks ago - GlobeNewsWire

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

5 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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 -

6 weeks ago - GlobeNewsWire

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.

6 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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...

Other symbols: COINHUTMSTRRIOT
2 months ago - Yahoo Finance

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...

2 months ago - GlobeNewsWire

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.

2 months ago - Reuters

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 -

3 months ago - GlobeNewsWire

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 ...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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 -

4 months ago - GlobeNewsWire

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%.

Other symbols: RIOT
4 months ago - Reuters

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 ...

Other symbols: RIOT
4 months ago - Business Wire

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.

4 months ago - Reuters

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...

4 months ago - GlobeNewsWire

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.

4 months ago - Seeking Alpha

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...

4 months ago - GlobeNewsWire

Bitfarms Provides July 2024 Production and Operations Update

- Earned 253 BTC in July 2024 & Increased HODL to 1,016 BTC -- Increased Operational Hashrate to 11.1 EH/s - This news release constitutes a “designated news release” for the purposes of the Company's...

4 months ago - GlobeNewsWire