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Bitfarms Ltd. BITF
Financial Services - Financial - Capital Markets - NASDAQ - CA
Watchlist
$ 2.25
6.64 %
$ 1.02 B
Market Cap
-5.92
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one BITF stock under the base case scenario is HIDDEN Compared to the current market price of 2.25 USD, Bitfarms Ltd. is HIDDEN

BITF Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart BITF

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FINANCIALS
146 M REVENUE
1846.19%
Growth Rates
1Year 1846.19%
3Years 61.43%
5Years 34.06%
7Years 0.00%
10Years 0.00%
-72.1 M OPERATING INCOME
74.60%
Growth Rates
1Year 74.60%
3Years -97.90%
5Years -32.00%
7Years 0.00%
10Years 0.00%
-106 M NET INCOME
55.68%
Growth Rates
1Year 55.68%
3Years -86.66%
5Years -42.18%
7Years 0.00%
10Years 0.00%
24 M OPERATING CASH FLOW
-33.71%
Growth Rates
1Year -33.71%
3Years 49.29%
5Years 12.46%
7Years 0.00%
10Years 0.00%
-59.4 M INVESTING CASH FLOW
61.67%
Growth Rates
1Year 61.67%
3Years -154.48%
5Years -22.34%
7Years 0.00%
10Years 0.00%
87.9 M FINANCING CASH FLOW
266.01%
Growth Rates
1Year 266.01%
3Years 680.25%
5Years 82.57%
7Years 0.00%
10Years 0.00%
41.5 M REVENUE
-17.06%
Growth Rates
1Year 1846.19%
3Years 61.43%
5Years 34.06%
7Years 0.00%
10Years 0.00%
-23.6 M OPERATING INCOME
0.96%
Growth Rates
1Year 74.60%
3Years -97.90%
5Years -32.00%
7Years 0.00%
10Years 0.00%
-26.6 M NET INCOME
-346.80%
Growth Rates
1Year 55.68%
3Years -86.66%
5Years -42.18%
7Years 0.00%
10Years 0.00%
9.65 M OPERATING CASH FLOW
-46.95%
Growth Rates
1Year -33.71%
3Years 49.29%
5Years 12.46%
7Years 0.00%
10Years 0.00%
-75.3 M INVESTING CASH FLOW
1.23%
Growth Rates
1Year 61.67%
3Years -154.48%
5Years -22.34%
7Years 0.00%
10Years 0.00%
138 M FINANCING CASH FLOW
245.94%
Growth Rates
1Year 266.01%
3Years 680.25%
5Years 82.57%
7Years 0.00%
10Years 0.00%
Balance Sheet Decomposition Bitfarms Ltd.
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Current Assets 130 M
Cash & Short-Term Investments 84 M
Receivables 714 K
Other Current Assets 45.2 M
Non-Current Assets 247 M
Long-Term Investments 0
PP&E 200 M
Other Non-Current Assets 47.1 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 14.7 M
Long-Term Debt 13 M
Other Non-Current Liabilities 1.74 M
EFFICIENCY
Earnings Waterfall Bitfarms Ltd.
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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
-14.69% GROSS MARGIN
-14.69%
Averages
1Year -14.69%
3Years 574.85%
5Years 347.17%
7Years 264.63%
10Years 0.00%
-49.28% OPERATING MARGIN
-49.28%
Averages
1Year -49.28%
3Years 1120.42%
5Years 668.49%
7Years 481.66%
10Years 0.00%
-71.08% NET MARGIN
-71.08%
Averages
1Year -71.08%
3Years 931.31%
5Years 550.72%
7Years 397.51%
10Years 0.00%
-35.48% ROE
-35.48%
Averages
1Year -35.48%
3Years -41.26%
5Years -44.35%
7Years -37.74%
10Years 0.00%
-27.61% ROA
-27.61%
Averages
1Year -27.61%
3Years -31.07%
5Years -24.14%
7Years -20.24%
10Years 0.00%
-24.17% ROIC
-24.17%
Averages
1Year -24.17%
3Years -35.90%
5Years -32.37%
7Years -35.46%
10Years 0.00%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Bitfarms Ltd.
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Net Income -106 M
Depreciation & Amortization 86.3 M
Capital Expenditures -72.6 M
Stock-Based Compensation 10.9 M
Change in Working Capital 1.26 M
Others 36.4 M
Free Cash Flow -48.6 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Bitfarms Ltd.
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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 2.22%
BITF Average Price Target Wall Street Target
4.26 USD 89.33%
BITF Highest Price Target Wall Street Target
6 USD 166.67%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION

HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. It engages in the mining and sale of digital currencies, including Ethereum, Ethereum Classic, and Bitcoin.

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-1.6 USD
HIVE
Overvalued 136.21%

CleanSpark, Inc. provides bitcoin mining and energy technology solutions worldwide. It operates in two segments, Digital Currency Mining and Energy. The Digital Currency Mining segment engages in mining of bitcoin.

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2.63 USD
CLSK
Overvalued 81.23%

Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States.

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-16 USD
MARA
Overvalued 175.73%

Riot Blockchain, Inc., together with its subsidiaries, focuses on bitcoin mining operations in North America. It operates through Bitcoin Mining, Data Center Hosting, and Electrical Products and Engineering segments.

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-0.0449 USD
RIOT
Overvalued 100.36%

Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations.

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-3.85 USD
HUT
Overvalued 115.24%

Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities.

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-5.15 USD
BTBT
Overvalued 220.69%

TeraWulf Inc., together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites.

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-3.41 USD
WULF
Overvalued 147.53%

Cipher Mining Inc., a technology company, operates in the bitcoin mining ecosystem in the United States. It engages in developing and growing a cryptocurrency mining business that specializes in bitcoin.

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-3.5 USD
CIFR
Overvalued 152.72%

Iris Energy Limited owns and operates bitcoin mining data centers. It also provides high performance computing solutions, including Al cloud services.

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0 USD
IREN
Overvalued 100.00%

Stronghold Digital Mining, Inc., a crypto asset mining company, focuses on mining Bitcoin in the United States. It also operates coal refuse power generation facilities.

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0 USD
SDIG
Overvalued 100.00%
6. Ownership
Insider Ownership Bitfarms Ltd.
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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: 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 - 3 days 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 - 3 days 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 - 3 days 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 - 5 days 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 - 1 week 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 - 1 week 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 weeks ago
Bitfarms Enters into Second 10,000 Miner Hosting Agreement with Stronghold Digital Mining - Follows initial 10,000 miner hosting agreement announced in September – - Agreement supports 2.2 EH/s - 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, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. globenewswire.com - 2 weeks ago
Bitfarms Nominates Andrew J. Chang for Election to the Board of Directors - Company to Hold Virtual Special Meeting of Shareholders on November 20, 2024 - - Company to Hold Virtual Special Meeting of Shareholders on November 20, 2024 - globenewswire.com - 2 weeks ago
Bitfarms Appoints Rachel Silverstein as U.S. General Counsel This news release constitutes a “designated news release” for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. globenewswire.com - 2 weeks ago
Bitfarms Schedules Third Quarter 2024 Conference Call on November 12th, 2024 TORONTO, Ontario and BROSSARD, Québec, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, will report its third quarter 2024 financial results on Tuesday, November 12th, 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 - 3 weeks ago
All You Need to Know About Bitfarms (BITF) Rating Upgrade to Strong Buy Bitfarms (BITF) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. zacks.com - 3 weeks ago
8. Profile Summary

Bitfarms Ltd. BITF

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COUNTRY CA
INDUSTRY Financial - Capital Markets
MARKET CAP $ 1.02 B
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. Paul Magrath Vice President of Taxation & Sustainability Mr. Liam Daniel Wilson Chief Operating Officer Ms. Tracy H. Krumme Senior Vice President and Head of Investor Relations & Corporation Comms. Mr. Benoit Gobeil Chief Infrastructure Officer Mr. Alex Brammer Senior Vice President of Global Mining Operations Ms. Rachel Silverstein U.S. General Counsel Ms. Patricia Osorio Vice President & Corporate Secretary Guillaume Reeves Vice President of Information Technology Mr. Benjamin Gagnon Chief Executive Officer & Director