BITF Stock Overview
Engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
My Notes
Capture your thoughts, links and company narrative
Bitfarms Ltd. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$1.66 |
| 52 Week High | CA$3.91 |
| 52 Week Low | CA$1.52 |
| Beta | 3.17 |
| 1 Month Change | -15.74% |
| 3 Month Change | -26.22% |
| 1 Year Change | -50.00% |
| 3 Year Change | -67.58% |
| 5 Year Change | 334.79% |
| Change since IPO | 83.43% |
Recent News & Updates
Bitfarms: Takeover Abated, Still A Work In Progress
Nov 14Bitfarms: Buy The Takeover Truce?
Oct 09Bitfarms: The Would-Be Hunter Became The Hunted, Riot's Offer Was Fair
Sep 18Recent updates
Bitfarms: Takeover Abated, Still A Work In Progress
Nov 14Bitfarms: Buy The Takeover Truce?
Oct 09Bitfarms: The Would-Be Hunter Became The Hunted, Riot's Offer Was Fair
Sep 18Bitfarms: Blend Of Good And Bad News Makes For A Riveting Hold
Aug 28Bitfarms: 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 09Shareholder Returns
| BITF | US Software | US Market | |
|---|---|---|---|
| 7D | -1.8% | 1.6% | 2.8% |
| 1Y | -50.0% | 22.4% | 24.5% |
Return vs Industry: BITF underperformed the US Software industry which returned 22.4% over the past year.
Return vs Market: BITF underperformed the US Market which returned 24.5% over the past year.
Price Volatility
| BITF volatility | |
|---|---|
| BITF Average Weekly Movement | 14.6% |
| Software Industry Average Movement | 7.9% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 17.1% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: BITF's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: BITF's weekly volatility (15%) 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 | 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
| BITF fundamental statistics | |
|---|---|
| Market cap | US$803.20m |
| Earnings (TTM) | -US$131.27m |
| Revenue (TTM) | US$182.96m |
4.4x
P/S Ratio-6.1x
P/E RatioIs BITF overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BITF income statement (TTM) | |
|---|---|
| Revenue | US$182.96m |
| Cost of Revenue | US$214.95m |
| Gross Profit | -US$31.99m |
| Other Expenses | US$99.28m |
| Earnings | -US$131.27m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.28 |
| Gross Margin | -17.48% |
| Net Profit Margin | -71.75% |
| Debt/Equity Ratio | 0.3% |
How did BITF perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 23:35 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| 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 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.
| Analyst | Institution |
|---|---|
| Brian Kinstlinger | Alliance Global Partners |
| Martin Toner | ATB Capital Markets |
| Lucas Pipes | B. Riley Securities, Inc. |