BITF Stock Overview
Engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| 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$2.44 |
| 52 Week High | CA$5.25 |
| 52 Week Low | CA$2.12 |
| Beta | 3.17 |
| 1 Month Change | -21.54% |
| 3 Month Change | -10.29% |
| 1 Year Change | -36.29% |
| 3 Year Change | -67.07% |
| 5 Year Change | 378.43% |
| Change since IPO | 10.91% |
Recent News & Updates
Market Participants Recognise Bitfarms Ltd.'s (TSE:BITF) Revenues Pushing Shares 45% Higher
Nov 12
Does Bitfarms (TSE:BITF) Have A Healthy Balance Sheet?
Nov 08Recent updates
Market Participants Recognise Bitfarms Ltd.'s (TSE:BITF) Revenues Pushing Shares 45% Higher
Nov 12Does Bitfarms (TSE:BITF) Have A Healthy Balance Sheet?
Nov 08Bitfarms Ltd.'s (TSE:BITF) Earnings Haven't Escaped The Attention Of Investors
Sep 25Why Investors Shouldn't Be Surprised By Bitfarms Ltd.'s (TSE:BITF) 75% Share Price Surge
Jun 14Bitfarms (TSE:BITF) Has Debt But No Earnings; Should You Worry?
May 22Bitfarms Ltd.'s (TSE:BITF) 25% Jump Shows Its Popularity With Investors
Mar 01Is Bitfarms (TSE:BITF) Using Too Much Debt?
Sep 05Is Bitfarms (TSE:BITF) A Risky Investment?
Jun 02Bitfarms Ltd.'s (TSE:BITF) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Apr 17Returns On Capital Signal Tricky Times Ahead For Bitfarms (TSE:BITF)
Jan 10Is There Now An Opportunity In Bitfarms Ltd. (TSE:BITF)?
Apr 25Shareholder Returns
| BITF | CA Software | CA Market | |
|---|---|---|---|
| 7D | -15.3% | -4.5% | -4.1% |
| 1Y | -36.3% | 31.8% | 16.7% |
Return vs Industry: BITF underperformed the Canadian Software industry which returned 31.8% over the past year.
Return vs Market: BITF underperformed the Canadian Market which returned 16.7% over the past year.
Price Volatility
| BITF volatility | |
|---|---|
| BITF Average Weekly Movement | 14.1% |
| Software Industry Average Movement | 10.9% |
| Market Average Movement | 8.2% |
| 10% most volatile stocks in CA Market | 17.8% |
| 10% least volatile stocks in CA Market | 2.9% |
Stable Share Price: BITF's share price has been volatile over the past 3 months compared to the Canadian market.
Volatility Over Time: BITF's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Canadian 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
| BITF fundamental statistics | |
|---|---|
| Market cap | CA$1.23b |
| Earnings (TTM) | -CA$188.93m |
| Revenue (TTM) | CA$263.31m |
4.4x
P/S Ratio-6.1x
P/E RatioIs BITF overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BITF 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 BITF perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 00:01 |
| End of Day Share Price | 2024/12/19 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 |
| |
| 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. |