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Bitfarms NasdaqGM:BITF Stock Report

Last Price

US$2.04

Market Cap

US$1.0b

7D

-0.5%

1Y

16.6%

Updated

02 Dec, 2024

Data

Company Financials +

BITF Stock Overview

Engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. More details

BITF fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance0/6
Financial Health4/6
Dividends0/6

Bitfarms Ltd. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bitfarms
Historical stock prices
Current Share PriceCA$2.04
52 Week HighCA$3.91
52 Week LowCA$1.52
Beta3.18
11 Month Change9.68%
3 Month Change4.08%
1 Year Change16.57%
33 Year Change-66.28%
5 Year Change378.30%
Change since IPO125.41%

Recent News & Updates

Bitfarms: Takeover Abated, Still A Work In Progress

Nov 14

Bitfarms: Buy The Takeover Truce?

Oct 09

Bitfarms: The Would-Be Hunter Became The Hunted, Riot's Offer Was Fair

Sep 18

Recent updates

Bitfarms: Takeover Abated, Still A Work In Progress

Nov 14

Bitfarms: Buy The Takeover Truce?

Oct 09

Bitfarms: The Would-Be Hunter Became The Hunted, Riot's Offer Was Fair

Sep 18

Bitfarms: Blend Of Good And Bad News Makes For A Riveting Hold

Aug 28

Bitfarms: Good Q1, But Recent Troubles Create Concerns

Jun 14

Bitfarms: A Bidding War Could Be Brewing

Jun 03

Bitfarms Q1 2024 Earnings: Is The Worst Over? (Rating Downgrade)

May 16

Bitfarms: Efficiency Deserves A Price Premium

Apr 29

Not A Buy Until Bitfarms Makes Money

Mar 21

Don't Bet The Farm On Bitfarms

Mar 11

Bitfarms: The Adverse Ripple Effect Of 'Slow And Steady'

Feb 02

Bitfarms: Slow And Steady Lose The Race

Jan 26

Bitfarms mines 10% less bitcoins in September, sells 544 BTC

Oct 03

Bitfarms tops 4 EH/s hashrate as production kicks off at Rio Cuarto warehouse

Sep 19

Revisiting Bitfarms After Its Outstanding Second Quarter

Aug 30

Bitcoin falls toward $21K, pulling down Hut 8, Marathon Digital, Riot shares

Aug 19

Bitfarms Q2 2022 Earnings Preview

Aug 12

Bitfarms records 270% increase in July hashrate and 28% growth in new mined bitcoin

Aug 01

Bitfarms In Distress But Still Functional

Jul 09

Shareholder Returns

BITFUS SoftwareUS Market
7D-0.5%0.8%0.7%
1Y16.6%25.6%32.2%

Return vs Industry: BITF underperformed the US Software industry which returned 24.5% over the past year.

Return vs Market: BITF underperformed the US Market which returned 31.9% over the past year.

Price Volatility

Is BITF's price volatile compared to industry and market?
BITF volatility
BITF Average Weekly Movement13.8%
Software Industry Average Movement7.5%
Market Average Movement6.3%
10% most volatile stocks in US Market16.4%
10% least volatile stocks in US Market3.1%

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 (14%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2017170Ben Gagnonwww.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

How do Bitfarms's earnings and revenue compare to its market cap?
BITF fundamental statistics
Market capUS$1.04b
Earnings (TTM)-US$126.39m
Revenue (TTM)US$182.96m

5.7x

P/S Ratio

-8.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BITF income statement (TTM)
RevenueUS$182.96m
Cost of RevenueUS$214.95m
Gross Profit-US$31.99m
Other ExpensesUS$94.40m
Earnings-US$126.39m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.27
Gross Margin-17.48%
Net Profit Margin-69.08%
Debt/Equity Ratio0.3%

How did BITF perform over the long term?

See historical performance and comparison