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 | 3/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
Bitfarms Ltd. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$2.88 |
| 52 Week High | CA$5.25 |
| 52 Week Low | CA$2.12 |
| Beta | 3.17 |
| 1 Month Change | -9.72% |
| 3 Month Change | 3.97% |
| 1 Year Change | -28.89% |
| 3 Year Change | -52.55% |
| 5 Year Change | 476.00% |
| Change since IPO | 30.91% |
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 | -11.1% | -0.7% | -0.3% |
| 1Y | -28.9% | 35.6% | 21.1% |
Return vs Industry: BITF underperformed the Canadian Software industry which returned 35.6% over the past year.
Return vs Market: BITF underperformed the Canadian Market which returned 21.1% over the past year.
Price Volatility
| BITF volatility | |
|---|---|
| BITF Average Weekly Movement | 13.5% |
| Software Industry Average Movement | 10.7% |
| Market Average Movement | 8.3% |
| 10% most volatile stocks in CA Market | 17.7% |
| 10% least volatile stocks in CA Market | 3.0% |
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 (13%) 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$1.36b |
| Earnings (TTM) | -CA$186.75m |
| Revenue (TTM) | CA$260.27m |
5.2x
P/S Ratio-7.3x
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 comparison