Bitfarms Ltd. (BITF)

NASDAQ: BITF · IEX Real-Time Price · USD
1.80
+0.05 (3.16%)
Aug 12, 2022 10:50 AM EDT - Market open
3.16%
Market Cap 365.03M
Revenue (ttm) 181.39M
Net Income (ttm) 34.25M
Shares Out 203.36M
EPS (ttm) 0.23
PE Ratio 7.80
Forward PE 11.64
Dividend n/a
Ex-Dividend Date n/a
Volume 1,510,315
Open 1.74
Previous Close 1.74
Day's Range 1.68 - 1.82
52-Week Range 1.04 - 9.36
Beta 2.52
Analysts Buy
Price Target 5.61 (+212.5%)
Earnings Date Aug 15, 2022

About BITF

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. 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 headquartered in Toronto, Canada. [Read more...]

Industry Capital Markets
Founded 2017
Employees 106
Stock Exchange NASDAQ
Ticker Symbol BITF
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for BITF stock is "Buy." The 12-month stock price forecast is 5.61, which is an increase of 212.53% from the latest price.

Price Target
$5.61
(212.53% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Why Shares of MicroStrategy, Bitfarms, and TeraWulf Are Rising Today

Crypto in general is having a good day.

Other symbols: MSTRWULF

Bitfarms to Report Second Quarter 2022 Financial Results on Monday, August 15, 2022

Conference Call to be Held Monday, August 15, 2022, at 11:00 a.m. ET Conference Call to be Held Monday, August 15, 2022, at 11:00 a.m. ET

Bitcoin Surged 4% Today, but These 3 Bitcoin-Adjacent Stocks Soared Much Higher

When Bitcoin surges, it's time to pay attention to these three stocks, which are providing even higher returns.

Other symbols: CANHUT

Why Bitcoin Mining Stocks Popped Today

When the price of the leading crypto jumps, the miners' share prices follow.

Other symbols: HUTRIOT

Bitfarms Provides June 2022 Production and Mining Operations Update

- Mines 420 Bitcoins for an Average of 14 Bitcoins per Day -

Why Shares Of Bitfarms Are Trading Higher Today

Bitfarms Ltd. (NASDAQ: BITF) shares are trading higher after the company announced that over the past week it has sold 3,000 Bitcoins for around a total of $62 million.

Bitfarms Executes Strategic Actions Increasing Financial Flexibility

- Enters New Equipment Financing Agreement with NYDIG for US$37 Million -

Bitfarms (BITF): HC Wainwright reaffirms Buy Rating with a price target of $7

HC Wainwright has lowered its price target for Bitfarms Ltd (BITF) but maintains a buy rating for the stock. A note shared with Invezz on Wednesday said the firm is giving BITF a new price target of $7....

Bitfarms to Participate in Upcoming Investor Conferences

– H.C. Wainwright Global Investment Conference, May 23-26, Miami –– D.A. Davidson Bitcoin & Blockchain Conference, June 2, NYC –

Bitfarms Ltd. (BITF) Lags Q1 Earnings Estimates

Bitfarms Ltd. (BITF) delivered earnings and revenue surprises of -50% and 1.84%, respectively, for the quarter ended March 2022.

Bitfarms Reports First Quarter 2022 Results

- Mined 961 Bitcoin in Q1 2022 at an average cost of $8,700/Bitcoin -

Bitfarms Provides April 2022 Production and Mining Operations Update

- Mines 405 Bitcoins for an Average of 13.5 Bitcoins per Day -- Increases Hashrate 600 Petahash to 3.3 EH/s -

Bitfarms to Report First Quarter 2022 Financial Results on Monday, May 16, 2022

Conference Call to be Held Monday, May 16, 2022, at 11:00 a.m. ET Conference Call to be Held Monday, May 16, 2022, at 11:00 a.m. ET

Bitfarms Up-listing to the Toronto Stock Exchange

This news release constitutes a “designated news release” for the purposes of the Company's prospectus supplement dated August 16, 2021 to its short form base shelf prospectus dated August 12, 2021.

Bitfarms Reaches 3 Exahash per Second as Production Starts at Leger

Increases Total Capacity to 137 Megawatts and Production Locations to Nine Increases Total Capacity to 137 Megawatts and Production Locations to Nine

Bitfarms to Participate in April Conferences

- Bitcoin 2022, April 6-9 -- Cowen Bitcoin Mining Summit, April 12-13 -

New Strong Sell Stocks for April 1st

AKYA, AMPE, and BITF have been added to the Zacks Rank #5 (Strong Sell) List on April 1, 2022.

Other symbols: AKYAAMPE

Bitfarms Provides March 2022 Production and Mining Operations Update

-  Increases Hashrate 400 Petahash to 2.7 EH/s  -

H.C. Wainwright reiterates Buy rating for Bitfarms (BITF) at a target price of $10

H.C Wainwright has reiterated a Buy rating for crypto mining company Bitfarms Ltd, with a price target of $10.00. In a report highlighting Bitfarms' as a company set to see further growth in 2022, analy...

Why Bitfarms Stock Rallied by 10% Today

Investors were pleased with the Q4 2021 earnings update.

Bitfarms Reports Revenues Up 426% to $60 Million for Q4 2021 and Up 388% to $169 Million in 2021 vs. Prior Periods

- Mined 3,453 Bitcoin in 2021 at an Average Cost of $8,100/Bitcoin -

Bitfarms to Report Fourth Quarter and Full Year 2021 Financial Results on Monday, March 28, 2022

Conference Call to be Held Monday, March 28, 2022, at 11:00 a.m. ET Conference Call to be Held Monday, March 28, 2022, at 11:00 a.m. ET

Bitfarms Acquires Additional Location in Sherbrooke, Québec

This news release constitutes a “designated news release” for the purposes of the Company's prospectus supplement dated August 16, 2021 to its short form base shelf prospectus dated August 12, 2021. Thi...

Bitfarms Enters $32 Million Equipment Financing Agreement

Adds Another Source of Non-dilutive Capital Adds Another Source of Non-dilutive Capital

Bitfarms Expands Management Team to Support Growth

This news release constitutes a “designated news release” for the purposes of the Company's prospectus supplement dated August 16, 2021 to its short form base shelf prospectus dated August 12, 2021.