Bitfarms Ltd.

TSX:BITF Stock Report

Market Cap: CA$1.1b

Bitfarms Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Ben Gagnon

Chief executive officer

US$679.4k

Total compensation

CEO salary percentage34.0%
CEO tenureless than a year
CEO ownershipn/a
Management average tenure1.8yrs
Board average tenureless than a year

Recent management updates

Recent updates

Market Participants Recognise Bitfarms Ltd.'s (TSE:BITF) Revenues Pushing Shares 45% Higher

Nov 12
Market Participants Recognise Bitfarms Ltd.'s (TSE:BITF) Revenues Pushing Shares 45% Higher

Does Bitfarms (TSE:BITF) Have A Healthy Balance Sheet?

Nov 08
Does Bitfarms (TSE:BITF) Have A Healthy Balance Sheet?

Bitfarms Ltd.'s (TSE:BITF) Earnings Haven't Escaped The Attention Of Investors

Sep 25
Bitfarms Ltd.'s (TSE:BITF) Earnings Haven't Escaped The Attention Of Investors

Why Investors Shouldn't Be Surprised By Bitfarms Ltd.'s (TSE:BITF) 75% Share Price Surge

Jun 14
Why Investors Shouldn't Be Surprised By Bitfarms Ltd.'s (TSE:BITF) 75% Share Price Surge

Bitfarms (TSE:BITF) Has Debt But No Earnings; Should You Worry?

May 22
Bitfarms (TSE:BITF) Has Debt But No Earnings; Should You Worry?

Bitfarms Ltd.'s (TSE:BITF) 25% Jump Shows Its Popularity With Investors

Mar 01
Bitfarms Ltd.'s (TSE:BITF) 25% Jump Shows Its Popularity With Investors

Is Bitfarms (TSE:BITF) Using Too Much Debt?

Sep 05
Is Bitfarms (TSE:BITF) Using Too Much Debt?

Is Bitfarms (TSE:BITF) A Risky Investment?

Jun 02
Is Bitfarms (TSE:BITF) A Risky Investment?

Bitfarms Ltd.'s (TSE:BITF) Price Is Right But Growth Is Lacking After Shares Rocket 27%

Apr 17
Bitfarms Ltd.'s (TSE:BITF) Price Is Right But Growth Is Lacking After Shares Rocket 27%

Returns On Capital Signal Tricky Times Ahead For Bitfarms (TSE:BITF)

Jan 10
Returns On Capital Signal Tricky Times Ahead For Bitfarms (TSE:BITF)

Is There Now An Opportunity In Bitfarms Ltd. (TSE:BITF)?

Apr 25
Is There Now An Opportunity In Bitfarms Ltd. (TSE:BITF)?

CEO Compensation Analysis

How has Ben Gagnon's remuneration changed compared to Bitfarms's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$131m

Jun 30 2024n/an/a

-US$106m

Mar 31 2024n/an/a

-US$106m

Dec 31 2023US$679kUS$231k

-US$109m

Sep 30 2023n/an/a

-US$314k

Jun 30 2023n/an/a

-US$69m

Mar 31 2023n/an/a

-US$184m

Dec 31 2022US$987kUS$188k

-US$176m

Sep 30 2022n/an/a

-US$213m

Jun 30 2022n/an/a

-US$104m

Mar 31 2022n/an/a

US$34m

Dec 31 2021US$2mUS$158k

US$22m

Sep 30 2021n/an/a

US$7m

Jun 30 2021n/an/a

-US$21m

Mar 31 2021n/an/a

-US$21m

Dec 31 2020US$247kUS$129k

-US$16m

Compensation vs Market: Ben's total compensation ($USD679.41K) is below average for companies of similar size in the Canadian market ($USD1.79M).

Compensation vs Earnings: Ben's compensation has been consistent with company performance over the past year.

CEO

Ben Gagnon

less than a year

Tenure

US$679,412

Compensation

Mr. Benjamin Gagnon, also known as Ben, is Chief Executive Officer of Bitfarms Ltd. from July 8, 2024 and serves as its Director since August 12, 2024. Mr. Gagnon was Chief Mining Officer of Bitfarms Ltd....

Leadership Team

NamePositionTenureCompensationOwnership
Benjamin Gagnon
CEO & Directorless than a yearUS$679.41kno data
Jeffrey Lucas
Chief Financial Officer3.5yrsUS$2.61m0.018%
CA$ 202.5k
Liam Wilson
Chief Operating Officerless than a yearno datano data
Marc-Andre Ammann
Senior Vice President of Finance & Accounting2.6yrsno datano data
Tracy Krumme
Senior VP and Head of Investor Relations & Corp. Comms.less than a yearno datano data
Philippe Fortier
Executive Vice President of Corporate Development2.9yrsno data0.0011%
CA$ 12.2k
Andrea Souza
Senior Vice President of Human Resources2.8yrsno datano data
Paul Magrath
Vice President of Taxation & Sustainability2.9yrsno data0.0023%
CA$ 26.3k
Alex Brammer
Senior Vice President of Global Mining Operationsless than a yearno datano data
Rachel Silverstein
U.S. General Counselless than a yearno data0.00029%
CA$ 3.3k
Patricia Osorio
VP & Corporate Secretary2.9yrsno datano data
Guillaume Reeves
Vice President of Information Technologyless than a yearno datano data

1.8yrs

Average Tenure

56yo

Average Age

Experienced Management: BITF's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Benjamin Gagnon
CEO & Directorless than a yearUS$679.41kno data
Brian Howlett
Independent Chairman4.7yrsUS$815.47k0.0021%
CA$ 24.3k
Amy Freedman
Independent Directorless than a yearno datano data
Edith Hofmeister
Independent Director2.1yrsUS$401.97kno data
Andrew Chang
Independent Directorless than a yearno datano data
Fanny Philip
Independent Directorless than a yearno datano data

0.4yrs

Average Tenure

Experienced Board: BITF's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:01
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Brian KinstlingerAlliance Global Partners
Martin TonerATB Capital Markets
Lucas PipesB. Riley Securities, Inc.