Bitfarms (1B2) Stock Overview
Operates integrated bitcoin data centers in Canada, the United States, Paraguay, and Argentina. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
1B2 Community Fair Values
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Bitfarms Ltd. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$0.78 |
| 52 Week High | CA$2.96 |
| 52 Week Low | CA$0.61 |
| Beta | 4.16 |
| 1 Month Change | -15.56% |
| 3 Month Change | -22.03% |
| 1 Year Change | -65.76% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -24.51% |
Recent News & Updates
Recent updates
Shareholder Returns
| 1B2 | DE Software | DE Market | |
|---|---|---|---|
| 7D | -2.0% | 1.4% | 0.7% |
| 1Y | -65.8% | 49.4% | 16.7% |
Return vs Industry: 1B2 underperformed the German Software industry which returned 52% over the past year.
Return vs Market: 1B2 underperformed the German Market which returned 17.2% over the past year.
Price Volatility
| 1B2 volatility | |
|---|---|
| 1B2 Average Weekly Movement | 12.8% |
| Software Industry Average Movement | 6.1% |
| Market Average Movement | 6.1% |
| 10% most volatile stocks in DE Market | 12.3% |
| 10% least volatile stocks in DE Market | 3.1% |
Stable Share Price: 1B2's share price has been volatile over the past 3 months compared to the German market.
Volatility Over Time: 1B2's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of German stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2017 | 170 | Ben Gagnon | www.bitfarms.com |
Bitfarms Ltd. operates integrated bitcoin data centers in Canada, the United States, Paraguay, and Argentina. It primarily owns and operates data centers housing computers to validate transactions on the bitcoin blockchain, as well as sells computational power used for hashing calculations for cryptocurrency mining in multiple jurisdictions. The company also provides electrician services to commercial and residential customers in Quebec, Canada.
Bitfarms Ltd. Fundamentals Summary
| 1B2 fundamental statistics | |
|---|---|
| Market cap | €433.86m |
| Earnings (TTM) | -€73.50m |
| Revenue (TTM) | €183.32m |
Is 1B2 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 1B2 income statement (TTM) | |
|---|---|
| Revenue | US$209.41m |
| Cost of Revenue | US$231.63m |
| Gross Profit | -US$22.22m |
| Other Expenses | US$61.74m |
| Earnings | -US$83.96m |
Last Reported Earnings
Mar 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.15 |
| Gross Margin | -10.61% |
| Net Profit Margin | -40.09% |
| Debt/Equity Ratio | 0.4% |
How did 1B2 perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/06/09 07:36 |
| End of Day Share Price | 2025/06/09 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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.
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 Github.
Analyst Sources
Bitfarms Ltd. is covered by 10 analysts. 5 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. |