Bitfarms/BITF

$1.77

0.57%
-
1D1W1MYTD1YMAX

About Bitfarms

Bitfarms Ltd. is a Canada-based global vertically integrated bitcoin mining company. The Company develops, owns, and operates vertically integrated mining farms with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers operational performance and uptime. The Company operates through the cryptocurrency mining segment. The Company operates server farms comprised of computers (Miners) designed for the purpose of validating transactions on the Bitcoin (BTC) Blockchain (Mining). The Company also operates Miners about 24 hours a day producing computational power (measured by hashrate) which it sells to Mining Pools under a formula-driven rate commonly known as Full Pay Per Share (FPPS). The Company has 11 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.

Ticker

BITF

Sector

Technology

Trading on

NASDAQ

Industry

Computer Services

CEO

Nicolas Bonta

Employees

170

Headquarters

Toronto, Canada

Bitfarms Metrics

BasicAdvanced
$663M
Market cap
-
P/E ratio
-$0.38
EPS
3.31
Beta
-
Dividend rate
$663M
3.3106
$3.86
$0.93
4M
1.88
1.869
4.408
6.742
-28.83%
-37.81%
-35.54%
4.531
2.117
2.278
2.03%
49.59%
61.57%

What the Analysts think about Bitfarms

Analyst Ratings

Majority rating from 4 analysts.
Buy

Price Targets

Average projection from 3 analysts.
224.86% upside
High $7.00
Low $3.25
$1.77
Current price
$5.75
Average price target

Bitfarms Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
-124.02% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$46M
33.91%
Net income
-$57M
206.42%
Profit margin
-124.02%
128.82%

Bitfarms Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 31.89%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
-CA$0.08
-CA$0.09
-CA$0.26
-CA$0.03
-
Expected
-CA$0.06
-CA$0.07
-CA$0.03
-CA$0.02
-CA$0.03
Surprise
38.66%
34.29%
763.33%
31.89%
-
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 a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Bitfarms stock?

Bitfarms (BITF) has a market cap of $682M as of May 20, 2024.

What is the P/E ratio for Bitfarms stock?

The price to earnings (P/E) ratio for Bitfarms (BITF) stock is 0 as of May 20, 2024.

Does Bitfarms stock pay dividends?

No, Bitfarms (BITF) stock does not pay dividends to its shareholders as of May 20, 2024.

When is the next Bitfarms dividend payment date?

Bitfarms (BITF) stock does not pay dividends to its shareholders.

What is the beta indicator for Bitfarms?

Bitfarms (BITF) has a beta rating of 3.29. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Bitfarms stock price target?

The target price for Bitfarms (BITF) stock is $4.23, which is 141.71% above the current price of $1.75. This is an average based on projections from 3 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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