BITFD Stock Overview
Engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
My Notes
Capture your thoughts, links and company narrative
Bitfarms Ltd. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$8.52 |
| 52 Week High | CA$21.00 |
| 52 Week Low | CA$8.15 |
| Beta | 3.17 |
| 1 Month Change | -17.68% |
| 3 Month Change | -25.26% |
| 1 Year Change | -48.98% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 9.23% |
Recent News & Updates
Recent updates
Shareholder Returns
| BITFD | AR Software | AR Market | |
|---|---|---|---|
| 7D | -3.9% | 0% | 0% |
| 1Y | -49.0% | 0% | 0% |
Return vs Industry: BITFD underperformed the AR Software industry which returned 22.4% over the past year.
Return vs Market: BITFD underperformed the AR Market which returned 153.5% over the past year.
Price Volatility
| BITFD volatility | |
|---|---|
| BITFD Average Weekly Movement | 11.9% |
| Software Industry Average Movement | 0% |
| Market Average Movement | 0% |
| 10% most volatile stocks in AR Market | 0% |
| 10% least volatile stocks in AR Market | 0% |
Stable Share Price: BITFD's share price has been volatile over the past 3 months compared to the AR market.
Volatility Over Time: BITFD's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of AR stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2017 | 170 | Ben Gagnon | www.bitfarms.com |
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.
Bitfarms Ltd. Fundamentals Summary
| BITFD fundamental statistics | |
|---|---|
| Market cap | US$803.20m |
| Earnings (TTM) | -US$131.27m |
| Revenue (TTM) | US$182.96m |
4.4x
P/S Ratio-6.1x
P/E RatioIs BITFD overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BITFD income statement (TTM) | |
|---|---|
| Revenue | US$182.96m |
| Cost of Revenue | US$214.95m |
| Gross Profit | -US$31.99m |
| Other Expenses | US$99.28m |
| Earnings | -US$131.27m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.28 |
| Gross Margin | -17.48% |
| Net Profit Margin | -71.75% |
| Debt/Equity Ratio | 0.3% |
How did BITFD perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 11:34 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Bitfarms Ltd. is covered by 11 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brian Kinstlinger | Alliance Global Partners |
| Martin Toner | ATB Capital Markets |
| Lucas Pipes | B. Riley Securities, Inc. |