Bitfarms/$BITF

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About Bitfarms

Bitfarms Ltd engaged in the cryptocurrency Mining industry mainly consists of selling its computational power used for hashing calculations for cryptocurrency mining in multiple jurisdictions. Its geographic operations are currently located in Canada, the United States, Argentina. It owns and operates server farms comprised of computers designed to validate transactions on the Bitcoin Blockchain.

Ticker

$BITF
Primary listing

Industry

Software

Headquarters

Toronto, Canada

Employees

170

ISIN

CA09173B1076

Bitfarms Metrics

BasicAdvanced
$578M
-
-$0.18
4.26
-

What the Analysts think about Bitfarms

Analyst ratings (Buy, Hold, Sell) for Bitfarms stock.

Bulls say / Bears say

Bitfarms is strategically shifting from solely Bitcoin mining to becoming a leading North American energy and compute infrastructure company, focusing on high-performance computing (HPC) and artificial intelligence (AI). This diversification could open new revenue streams and reduce dependency on cryptocurrency markets. (GuruFocus)
The company has secured up to $300 million in financing from Macquarie Group to support the development of its Panther Creek campus, validating its HPC and AI development thesis and providing substantial capital for expansion. (GuruFocus)
Bitfarms reported a significant increase in hashrate to 18.6 EH/s, up 186% from Q4 2023, with improved efficiency of 19w/TH, representing a 45% improvement. This enhancement in mining capacity and efficiency positions the company favorably in the competitive cryptocurrency mining industry. (StockTitan)
Bitfarms reported a net loss of $36 million or $0.07 per share in Q4 2024, indicating ongoing financial challenges that may concern investors. (GuruFocus)
The company's gross mining margin decreased to 47% in Q4 2024 from 57% in Q4 2023, suggesting increased operational costs or reduced efficiency in mining operations. (StockTitan)
Bitfarms' adoption of a poison pill strategy to thwart Riot Platforms' acquisition attempt has been criticized as 'shareholder unfriendly' and indicative of poor corporate governance, potentially leading to investor dissatisfaction. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 7 Jul 2025.

Bitfarms Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Bitfarms Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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