Financial Services -
Financial - Capital Markets - NASDAQ - CA
$ 1.68
2.44 %
$ 794 M
Market Cap
-4.42
P/E
1. INTRINSIC VALUE
Balance Sheet
Bitfarms Ltd.
| Current Assets | 130 M |
| Cash & Short-Term Investments | 84 M |
| Receivables | 714 K |
| Other Current Assets | 45.2 M |
| Non-Current Assets | 249 M |
| Long-Term Investments | 0 |
| PP&E | 200 M |
| Other Non-Current Assets | 48.4 M |
| Current Liabilities | 69.2 M |
| Accounts Payable | 9.08 M |
| Short-Term Debt | 6.88 M |
| Other Current Liabilities | 53.2 M |
| Non-Current Liabilities | 14.8 M |
| Long-Term Debt | 13 M |
| Other Non-Current Liabilities | 1.82 M |
EFFICIENCY
Earnings Waterfall
Bitfarms Ltd.
| Revenue | 146 M |
| Cost Of Revenue | 168 M |
| Gross Profit | -21.5 M |
| Operating Expenses | 50.6 M |
| Operating Income | -72.1 M |
| Other Expenses | 33.8 M |
| Net Income | -106 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Bitfarms Ltd.
| Net Income | -106 M |
| Depreciation & Amortization | 86.3 M |
| Capital Expenditures | -72.6 M |
| Stock-Based Compensation | 10.9 M |
| Change in Working Capital | 1.39 M |
| Others | 36.4 M |
| Free Cash Flow | -48.6 M |
Wall Street Analysts Price Targets
Bitfarms Ltd.
Wall Street analysts predict an average 1-year price target for BITF of $4.26 , with forecasts ranging from
a
low of
$2.3 to a high of $6 .
BITF Lowest Price Target
Wall Street Target
2.3 USD
36.90%
BITF Average Price Target
Wall Street Target
4.26 USD
153.57%
BITF Highest Price Target
Wall Street Target
6 USD
257.14%
4. DIVIDEND
ANALYSIS
BITF does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
Bitfarms Ltd.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Bitfarms Provides December 2024 Production and Operations Update
- Increased hashrate 97% Y/Y to 12.8 EH/s - - Improved efficiency 40% Y/Y to 21 w/TH -- Earned 2,914 BTC for full-year 2024 -- Expanded operational MW 35% Y/Y to 324MW -- Acquisition of Stronghold Digital Mining on track to close in Q1 2025 -
globenewswire.com
- 2 weeks ago
Bitfarms Files Second Amended and Restated Prospectus Supplement for its Existing At-the-Market Equity Offering Program
This news release constitutes a “designated news release” for the purposes of the Company's second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd.
globenewswire.com
- 1 month ago
Bitfarms Announces Restatement of Previously Issued Financial Statements
This news release constitutes a “designated news release” for the purposes of the Company's amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus dated November 10, 2023.
globenewswire.com
- 1 month ago
Bitfarms Provides November 2024 Production and Operations Update
This news release constitutes a “designated news release” for the purposes of the Company's amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd.
globenewswire.com
- 1 month ago
Bitfarms Announces Results of Special Meeting of Shareholders
- Bitfarms Board of Directors Increased to Six Members, Five of whom are Independent –-Andrew J. Chang Appointed as Independent Director--Shareholder Rights Plan Approved-
globenewswire.com
- 1 month ago
Bitfarms: Takeover Abated, Still A Work In Progress
Bitfarms remains independent after settling with Riot, stabilizing its leadership team. Q3 results showed 8% revenue growth, but increased costs per BTC due to April's halving and higher energy expenses. The company raised $240M YTD through share sales, with liquidity at $145M, but continued share dilution is expected to fund operations.
seekingalpha.com
- 2 months ago
Bitfarms Ltd. (BITF) Q3 2024 Earnings Call Transcript
Bitfarms Ltd. (NASDAQ:BITF ) Q3 2024 Earnings Conference Call November 13, 2024 8:00 AM ET Company Participants Tracy Krumme - Senior Vice President-Investor Relations & Corporate Communications Ben Gagnon - Chief Executive Officer & Director Jeff Lucas - Chief Financial Officer Conference Call Participants Mike Colonnese - H.C.
seekingalpha.com
- 2 months ago
Bitfarms Ltd. (BITF) Reports Q3 Loss, Tops Revenue Estimates
Bitfarms Ltd. (BITF) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.12.
zacks.com
- 2 months ago
Bitfarms Reschedules Third Quarter 2024 Conference Call to November 13th, 2024
TORONTO, Ontario and BROSSARD, Québec, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, announced today that it will be rescheduling its third quarter 2024 financial results conference call. The Company will report its third quarter 2024 financial results on Wednesday, November 13th, before the market opens. Management will host a conference call on the same day at 8:00 am EST. All Q3 2024 materials will be available before the call and can be accessed on the ‘Financial Results' section of the Bitfarms investor site.
globenewswire.com
- 2 months ago
Bitfarms Ltd. (BITF) Stock Dips While Market Gains: Key Facts
In the latest trading session, Bitfarms Ltd. (BITF) closed at $2.24, marking a -0.44% move from the previous day.
zacks.com
- 2 months ago
Analysts Estimate Bitfarms Ltd. (BITF) to Report a Decline in Earnings: What to Look Out for
Bitfarms (BITF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 2 months ago
Bitfarms Provides October 2024 Production and Operations Update
Earned 236 BTC in October 2024 & Increased Bitcoin Treasury to 1,188 BTC Earned 236 BTC in October 2024 & Increased Bitcoin Treasury to 1,188 BTC
globenewswire.com
- 2 months ago
8. Profile
Summary
Bitfarms Ltd. BITF
COUNTRY
CA
INDUSTRY
Financial - Capital Markets
MARKET CAP
$ 794 M
Dividend Yield
0.00%
Description
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. 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 founded in 2017 and is headquartered in Toronto, Canada.
Contact
18 King Street East, Toronto, ON, M5C 1C4
https://www.bitfarms.com
IPO
Date
Aug. 16, 2019
Employees
170
Officers
Mr. Philippe Fortier CPA
Executive Vice President of Corporate Development
Ms. Andrea Keen Souza
Senior Vice President of Human Resources
Mr. Alex Brammer
Senior Vice President of Global Mining Operations
Mr. Benjamin Gagnon
Chief Executive Officer & Director
Mr. Liam Daniel Wilson
Chief Operating Officer
Ms. Tracy H. Krumme
Senior Vice President and Head of Investor Relations & Corporation Comms.
Mr. Marc-Andre Ammann C.A., CPA
Senior Vice President of Finance & Accounting
Mr. Paul Magrath
Vice President of Taxation & Sustainability
Ms. Rachel Silverstein
U.S. General Counsel
Mr. Jeffrey P. Lucas CPA
Chief Financial Officer