Bitfarms Ltd (BITF)

NASDAQ
Currency in USD
1.670
-0.010(-0.60%)
Closed
Pre Market
1.680+0.010(+0.60%)
BITF Scorecard
Full Analysis
Holds more cash than debt on its balance sheet
Fair Value
Day's Range
1.6301.740
52 wk Range
1.4703.910
Key Statistics
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Prev. Close
1.67
Open
1.74
Day's Range
1.63-1.74
52 wk Range
1.47-3.91
Volume
53.22M
Average Volume (3m)
45.91M
1-Year Change
-20.1%
Book Value / Share
1.13
Fair Value
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Fair Value Upside
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BITF Scorecardpro icon
Company’s Health
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Fair Value
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Analysts Sentiment
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Members' Sentiments
Bearish
Bullish
ProTips
Quickly burning through cash
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Bitfarms Ltd Company Profile

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. It also undertakes hosting of third-party mining hardware. The company was formerly known as Bitfarms Technologies Ltd and changed its name to Bitfarms Ltd. in October 2018. The company was founded in 2017 and is based in Toronto, Canada.

Bitfarms Ltd SWOT Analysis


Mining Powerhouse
Bitfarms Ltd. emerges as a formidable player in Bitcoin mining, with ambitious expansion plans and strategic acquisitions reshaping its market position
Operational Efficiency
Explore Bitfarms' journey to optimize its mining fleet, achieving impressive efficiency gains while navigating challenges in hash rate targets
Financial Fortitude
Delve into Bitfarms' robust liquidity position, with $195.7 million in cash and Bitcoin, providing a buffer against market volatility
Future Prospects
Analysts set price targets ranging from $2.30 to $5.00, reflecting varied outlooks on Bitfarms' growth potential in the dynamic cryptocurrency mining landscape
Read full SWOT analysis

Bitfarms Ltd Earnings Call Summary for Q3/2024

  • Bitfarms reports 14% increase in Bitcoin earned and 8% rise in revenue, but faces $37M net loss due to one-time costs
  • Company completes major fleet upgrade, increasing hashrate by 83% to 11.9 exahash and improving energy efficiency by 40%
  • Acquisition of Stronghold Digital Mining to expand total capacity to 950 megawatts by end of 2025
  • Bitfarms diversifies into HPC/AI, focuses on U.S. expansion, and targets 21 exahash by first half of 2025
  • Company holds $146M in liquidity, plans asset monetization, and expects earliest HPC/AI deployments by late 2025 or early 2026
Last Updated: 11/14/2024, 05:22 PM
Read Full Transcript

Compare BITF to Peers and Sector

Metrics to compare
BITF
Peers
Sector
Relationship
P/E Ratio
−6.0x−2.3x11.6x
PEG Ratio
0.00−0.020.01
Price/Book
1.5x1.5x2.4x
Price / LTM Sales
4.3x3.0x2.2x
Upside (Analyst Target)
138.1%107.3%23.2%
Fair Value Upside
Unlock4.8%3.7%Unlock

Earnings

Latest Release
Nov 13, 2024
EPS / Forecast
-0.08 / -0.10
Revenue / Forecast
44.85M / 46.59M
EPS Revisions
Last 90 days

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FAQ

What Is the Bitfarms (BITF) Stock Price Today?

The Bitfarms stock price today is 1.67

What Stock Exchange Does Bitfarms Trade On?

Bitfarms is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Bitfarms?

The stock symbol for Bitfarms is "BITF."

What Is the Bitfarms Market Cap?

As of today, Bitfarms market cap is 784.39M.

What is Bitfarms Earnings Per Share?

The Bitfarms EPS is -0.354.

What Is the Next Bitfarms Earnings Date?

Bitfarms will release its next earnings report on Mar 18, 2025.

From a Technical Analysis Perspective, Is BITF a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Neutral.
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