BITF 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$2.65 |
| 52 Week High | CA$3.91 |
| 52 Week Low | CA$0.92 |
| Beta | 3.34 |
| 11 Month Change | 31.19% |
| 3 Month Change | 18.83% |
| 1 Year Change | 84.03% |
| 33 Year Change | -32.74% |
| 5 Year Change | n/a |
| Change since IPO | 192.82% |
Recent News & Updates
Recent updates
Bitfarms: Good Q1, But Recent Troubles Create Concerns
Jun 14Bitfarms: A Bidding War Could Be Brewing
Jun 03Bitfarms Q1 2024 Earnings: Is The Worst Over? (Rating Downgrade)
May 16Bitfarms: Efficiency Deserves A Price Premium
Apr 29Not A Buy Until Bitfarms Makes Money
Mar 21Don't Bet The Farm On Bitfarms
Mar 11Bitfarms: The Adverse Ripple Effect Of 'Slow And Steady'
Feb 02Bitfarms: Slow And Steady Lose The Race
Jan 26Bitfarms mines 10% less bitcoins in September, sells 544 BTC
Oct 03Bitfarms tops 4 EH/s hashrate as production kicks off at Rio Cuarto warehouse
Sep 19Revisiting Bitfarms After Its Outstanding Second Quarter
Aug 30Bitcoin falls toward $21K, pulling down Hut 8, Marathon Digital, Riot shares
Aug 19Bitfarms Q2 2022 Earnings Preview
Aug 12Bitfarms records 270% increase in July hashrate and 28% growth in new mined bitcoin
Aug 01Bitfarms In Distress But Still Functional
Jul 09Bitfarms: Experience, Execution Vs. The Crypto Cold Snap
Jun 28Bitfarms: Higher Risk, Higher Reward
May 20The Bullish Potential For Clean Energy Bitcoin Miner Bitfarms Ltd.
May 12Shareholder Returns
| BITF | US Software | US Market | |
|---|---|---|---|
| 7D | -15.9% | 1.0% | -0.2% |
| 1Y | 84.0% | 28.3% | 22.9% |
Return vs Industry: BITF exceeded the US Software industry which returned 28.4% over the past year.
Return vs Market: BITF exceeded the US Market which returned 22.3% over the past year.
Price Volatility
| BITF volatility | |
|---|---|
| BITF Average Weekly Movement | 11.2% |
| Software Industry Average Movement | 6.9% |
| Market Average Movement | 5.7% |
| 10% most volatile stocks in US Market | 15.3% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: BITF's share price has been volatile over the past 3 months.
Volatility Over Time: BITF's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2017 | 170 | Nico Bonta | 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 | US$1.14b |
| Earnings (TTM) | -US$106.32m |
| Revenue (TTM) | US$166.63m |
6.5x
P/S Ratio-10.1x
P/E RatioIs BITF overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BITF income statement (TTM) | |
|---|---|
| Revenue | US$166.63m |
| Cost of Revenue | US$171.96m |
| Gross Profit | -US$5.33m |
| Other Expenses | US$100.99m |
| Earnings | -US$106.32m |
Last Reported Earnings
Mar 31, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.26 |
| Gross Margin | -3.20% |
| Net Profit Margin | -63.80% |
| Debt/Equity Ratio | 0.4% |
How did BITF perform over the long term?
See historical performance and comparison