Bitfarms Ltd. (BITF)
| Market Cap | 702.79M |
| Revenue (ttm) | 127.16M |
| Net Income (ttm) | -62.92M |
| Shares Out | 241.51M |
| EPS (ttm) | -0.24 |
| PE Ratio | n/a |
| Forward PE | 13.46 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 48,498,530 |
| Open | 3.37 |
| Previous Close | 3.32 |
| Day's Range | 2.85 - 3.51 |
| 52-Week Range | 0.38 - 3.56 |
| Beta | 3.18 |
| Analysts | Strong Buy |
| Price Target | 3.00 (+3.09%) |
| Earnings Date | Nov 7, 2023 |
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. Bitfarms Ltd. was founded in 2017 and is based in Toronto, Canada. [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for BITF stock is "Strong Buy." The 12-month stock price forecast is $3.0, which is an increase of 3.09% from the latest price.
News
Bitfarms Earns 392 BTC in November 2023
- Miners purchased for H1 2024 upgrade plan to 12 MW -- Increases hashrate 2% in the month to 6.4 EH/s –- Finalizing contract to increase Paso Pe, Paraguay from 50 MW to 70 MW -
Bitfarms Announces Closing of C$60 Million Private Placement with U.S. Institutional Investors
TORONTO, Ontario and BROSSARD, Québec, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, is pleased to announce that it ...
Bitfarms Initiates Transformative Fleet Upgrade that Supports 17 EH/s and 391 MW in 2024
- Purchases 35,888 Bitmain T21 miners to be delivered and installed in H1 2024 -- Provides Q2 2024 guidance of 310 MW and 12 EH/s at 25 w/TH -- Secures option for an additional 28,000 T21 miners to ac...
Bitfarms Announces C$60 Million Private Placement with U.S. Institutional Investors
TORONTO, Ontario and BROSSARD, Québec, Nov. 24, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, announces it has entered into s...
Bitfarms Locks in Power Cost at 2.1 cents per kWh Fixed Rate at Rio Cuarto
54 MW at Rio Cuarto drawing power at this fixed summer rate from November 2023 through April 2024 54 MW at Rio Cuarto drawing power at this fixed summer rate from November 2023 through April 2024
Bitfarms Reports Third Quarter 2023 Results
- Earns 1,172 BTC and grows treasury by 154 BTC to 703 BTC in Q3 2023 -- Increases hashrate to 6.1 EH/s at September 30, 2023 and 6.3 EH/s at October 31, 2023 -- Developing operating capacity to 290 M...
Bitfarms Earns 398 BTC in October 2023
- Reached 54 MW at Rio Cuarto facility and 240 MW total operating capacity -- Increases hashrate 3% to 6.3 EH/s - TORONTO, Ontario and BROSSARD, Québec, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd....
Bitfarms to Report Third Quarter 2023 Financial Results on Tuesday, November 7, 2023
TORONTO and BROSSARD, Québec, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global vertically integrated Bitcoin mining company, will report its fiscal third quarter 2...
Bitfarms Reaches 240 MW and 6.3 EH/s as Baie-Comeau Fully Energizes Initial Phase
TORONTO, Ontario and BROSSARD, Québec, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, fully energized the first phase...
Bitfarms to Deliver Strategy and Vision at Analyst and Investor Day September 14th
TORONTO, Ontario and BROSSARD, Québec, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd.
Bitfarms Mines 383 BTC in August 2023
- Increases hashrate to 5.6 EH/s - - Upgrades Magog farm with installation of high efficiency miners - This news release constitutes a “designated news release” for purposes of the Company's prospectu...
Bitfarms to Participate in September Investor Conferences
- 3rd Annual Needham Crypto Virtual Conference September 7 -- H.C. Wainwright 25th Annual Global Investment Conference September 11-13 -- Analyst and Investor Day on September 14th in New York City -
Bitfarms to Host Analyst & Investor Day on September 14th in New York City
TORONTO, Ontario and BROSSARD, Québec, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, will host an Analyst & Investor...
Bitfarms Reports Second Quarter 2023 Results
- Mines 1,223 BTC and grows HODL 114 BTC to 549 BTC in Q2 2023 -- Achieves 5.3 EH/s at June 30, 2023, up 10% from March 31, 2023 -- Sets target of 7.0 EH/s in Q1 2024 -
Bitfarms Initiates Deployment Plan for 50 MW of Hydropower in Paraguay
- 20 MW of MicroBT hydro-cooled miners and containers purchased with vendor credits -- 30 MW air-cooled facility - This news release constitutes a “designated news release” for purposes of the Company...
Bitfarms to Report Second Quarter 2023 Financial Results on Tuesday, August 8, 2023
TORONTO and BROSSARD, Québec, July 26, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global vertically integrated Bitcoin mining company, will report its fiscal second quarter ...
Bitfarms Secures Contracts in Paraguay for Up to 150 MW of Hydropower
Long-term, low-cost, power contracts at a competitive rate expected to provide significant path for growth Long-term, low-cost, power contracts at a competitive rate expected to provide significant pa...
Bitfarms Starts Production at Baie-Comeau and Increases Hashrate Target to 6.3 EH/s in Q3 2023
This news release constitutes a “designated news release” for purposes of the Company's prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021 TORON...
Bitfarms Mines 385 BTC in June
This news release constitutes a “designated news release” for purposes of the Company's prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021. TORO...
Bitfarms Increases Operational Hashrate to 5.3 EH/s
- New miners online in Argentina increase corporate operating capacity by 11 MW to 207 MW - This news release constitutes a “designated news release” for purposes of the Company's prospectus supplemen...
Bitfarms to Participate in the 2023 Cantor Fitzgerald Technology Conference on June 14 - 15
This news release constitutes a “designated news release” for purposes of the Company's prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021. This...
Bitfarms Improves Energy Efficiency with Purchase of 4,660 High Performance Miners
- 550 PH/s purchased for $13.94/TH - This news release constitutes a “designated news release” for purposes of the Company's prospectus supplement dated August 16, 2021, to its short form base shelf p...
Bitfarms Announces Results of Annual General and Special Meeting of Shareholders
This news release constitutes a “designated news release” for purposes of the Company's prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021.
Bitfarms Mines 379 BTC in April
This news release constitutes a “designated news release” for purposes of the Company's prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021. TORO...
Bitfarms Regains Compliance with Nasdaq Continued Listing Requirements
This news release constitutes a “designated news release” for purposes of the Company's prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021.