BITF Stock Overview
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina.
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
Bitfarms Ltd. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$2.82 |
| 52 Week High | CA$5.25 |
| 52 Week Low | CA$1.26 |
| Beta | 3.29 |
| 1 Month Change | -9.03% |
| 3 Month Change | 0.71% |
| 1 Year Change | 83.12% |
| 3 Year Change | -50.09% |
| 5 Year Change | n/a |
| Change since IPO | 28.18% |
Recent News & Updates
Recent updates
Bitfarms Ltd.'s (TSE:BITF) 25% Jump Shows Its Popularity With Investors
Mar 01
Is 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 25Bitfarms (CVE:BITF) Has A Pretty Healthy Balance Sheet
Mar 29Returns On Capital At Bitfarms (CVE:BITF) Paint A Concerning Picture
Jan 09Here's Why Bitfarms (CVE:BITF) Can Manage Its Debt Responsibly
Dec 14Shareholder Returns
| BITF | CA Software | CA Market | |
|---|---|---|---|
| 7D | 14.2% | -0.1% | 0.7% |
| 1Y | 83.1% | 30.5% | 5.5% |
Return vs Industry: BITF exceeded the Canadian Software industry which returned 31.6% over the past year.
Return vs Market: BITF exceeded the Canadian Market which returned 6.1% over the past year.
Price Volatility
| BITF volatility | |
|---|---|
| BITF Average Weekly Movement | 13.6% |
| Software Industry Average Movement | 9.8% |
| Market Average Movement | 9.1% |
| 10% most volatile stocks in CA Market | 18.2% |
| 10% least volatile stocks in CA Market | 3.0% |
Stable Share Price: BITF's share price has been volatile over the past 3 months.
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 | Geoff Morphy | 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$1.03b |
| Earnings (TTM) | -CA$142.54m |
| Revenue (TTM) | CA$200.53m |
5.0x
P/S Ratio-7.0x
P/E RatioIs BITF overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BITF income statement (TTM) | |
|---|---|
| Revenue | US$146.37m |
| Cost of Revenue | US$167.87m |
| Gross Profit | -US$21.50m |
| Other Expenses | US$82.53m |
| Earnings | -US$104.04m |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.29 |
| Gross Margin | -14.69% |
| Net Profit Margin | -71.08% |
| Debt/Equity Ratio | 1.4% |
How did BITF perform over the long term?
See historical performance and comparison