1B2 Stock Overview
Engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina.
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
Bitfarms Ltd. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$2.02 |
| 52 Week High | CA$3.76 |
| 52 Week Low | CA$0.93 |
| Beta | 3.18 |
| 11 Month Change | 25.70% |
| 3 Month Change | 0% |
| 1 Year Change | 81.98% |
| 33 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 94.79% |
Recent News & Updates
Recent updates
Shareholder Returns
| 1B2 | DE Software | DE Market | |
|---|---|---|---|
| 7D | 12.7% | 2.1% | -0.2% |
| 1Y | 82.0% | 59.9% | 12.9% |
Return vs Industry: 1B2 exceeded the German Software industry which returned 59.9% over the past year.
Return vs Market: 1B2 exceeded the German Market which returned 12.9% over the past year.
Price Volatility
| 1B2 volatility | |
|---|---|
| 1B2 Average Weekly Movement | 11.4% |
| Software Industry Average Movement | 5.0% |
| Market Average Movement | 4.8% |
| 10% most volatile stocks in DE Market | 10.8% |
| 10% least volatile stocks in DE Market | 2.4% |
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 (11%) 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. 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
| 1B2 fundamental statistics | |
|---|---|
| Market cap | €966.89m |
| Earnings (TTM) | -€99.13m |
| Revenue (TTM) | €161.13m |
6.0x
P/S Ratio-9.8x
P/E RatioIs 1B2 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 1B2 income statement (TTM) | |
|---|---|
| Revenue | US$172.70m |
| Cost of Revenue | US$201.77m |
| Gross Profit | -US$29.07m |
| Other Expenses | US$77.18m |
| Earnings | -US$106.24m |
Last Reported Earnings
Jun 30, 2024
Next Earnings Date
Nov 12, 2024
| Earnings per share (EPS) | -0.23 |
| Gross Margin | -16.83% |
| Net Profit Margin | -61.52% |
| Debt/Equity Ratio | 0.3% |
How did 1B2 perform over the long term?
See historical performance and comparison