Bitfarms Ltd. (BITF)

Bitfarms Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	245.66	192.88	146.37	142.43	169.49	34.7
Revenue Growth (YoY)	42.25%	31.78%	2.77%	-15.97%	388.40%	7.04%
Cost of Revenue	262.09	225.24	167.87	131.91	58.37	31.83
Gross Profit	-16.42	-32.36	-21.5	10.52	111.12	2.87
Selling, General & Admin	87.24	71.24	39.29	51.51	43.24	8.25
Operating Expenses	87.24	71.24	42.29	51.51	43.24	8.25
Operating Income	-103.66	-103.6	-63.79	-40.99	67.88	-5.38
Interest Expense	-3.81	-1.74	-4.08	-14.22	-3.42	-6.1
Interest & Investment Income	4.73	6.04	1.42	0.46	-	-
Currency Exchange Gain (Loss)	-0.8	-1.48	-7.84	-2.95	-0.65	-0.24
Other Non Operating Income (Expenses)	29.57	34.08	-49.08	-92.62	-28.24	-2.96
EBT Excluding Unusual Items	-73.97	-66.7	-123.37	-150.32	35.58	-14.68
Impairment of Goodwill	-	-	-	-17.9	-	-
Gain (Loss) on Sale of Investments	1.98	2.31	12.25	51.65	6.15	-
Gain (Loss) on Sale of Assets	3.25	-3.96	-2.17	-1.28	0.85	-1.44
Asset Writedown	-30.19	-	-1.88	-75.21	0.06	-
Other Unusual Items	-	-	5.85	-	-	-
Pretax Income	-98.93	-68.35	-109.32	-193.06	42.64	-16.12
Income Tax Expense	-12.72	-14.29	-0.4	-17.41	20.51	0.17
Earnings From Continuing Operations	-86.2	-54.06	-108.92	-175.64	22.13	-16.29
Net Income	-86.2	-54.06	-108.92	-175.64	22.13	-16.29
Net Income to Common	-86.2	-54.06	-108.92	-175.64	22.13	-16.29
Shares Outstanding (Basic)	494	415	262	208	158	85
Shares Outstanding (Diluted)	494	415	262	208	169	85
Shares Change (YoY)	50.74%	58.13%	26.21%	22.66%	99.48%	19.50%
EPS (Basic)	-0.17	-0.13	-0.42	-0.85	0.14	-0.19
EPS (Diluted)	-0.17	-0.13	-0.42	-0.85	0.13	-0.19
Free Cash Flow	-430.84	-480.42	-179.41	-317.4	-236.58	2.74
Free Cash Flow Per Share	-0.87	-1.16	-0.68	-1.53	-1.40	0.03
Gross Margin	-6.69%	-16.78%	-14.69%	7.38%	65.56%	8.28%
Operating Margin	-42.20%	-53.71%	-43.59%	-28.78%	40.05%	-15.49%
Profit Margin	-35.09%	-28.03%	-74.42%	-123.32%	13.06%	-46.94%
Free Cash Flow Margin	-175.38%	-249.07%	-122.58%	-222.85%	-139.58%	7.89%
EBITDA	12.81	34.23	20.77	27.36	90.69	4.78
EBITDA Margin	5.21%	17.75%	14.19%	19.21%	53.51%	13.77%
D&A For EBITDA	116.47	137.83	84.57	68.35	22.81	10.16
EBIT	-103.66	-103.6	-63.79	-40.99	67.88	-5.38
EBIT Margin	-42.20%	-53.71%	-43.59%	-28.78%	40.05%	-15.49%
Effective Tax Rate	-	-	-	-	48.10%	-
Advertising Expenses	-	0.72	0.49	0.33	0.17	0.04

Updated Aug 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q