Financial Services -
Financial - Capital Markets - NASDAQ - CA
$ 1.16
0.828 %
$ 519 M
Market Cap
-3.05
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
98.28%
BITF Average Price Target
Wall Street Target
4.26 USD
267.24%
BITF Highest Price Target
Wall Street Target
6 USD
417.24%
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
Stronghold Urges Stockholders to Follow the “FOR” Recommendation of ISS and Glass Lewis and Support the Pending Merger With Bitfarms at the Upcoming Special Meeting
NEW YORK, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, the “Company”, or “we”) today announced that the world's leading independent proxy advisory firms, Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), have each recommended that Stronghold stockholders vote “FOR” the pending merger (the “Merger”) between Stronghold and Bitfarms Ltd. (NASDAQ/TSX: BITF) at the upcoming special meeting of the Company's stockholders on February 27, 2025.
globenewswire.com
- 1 week ago
Bitfarms Ltd. (BITF) Advances While Market Declines: Some Information for Investors
In the latest trading session, Bitfarms Ltd. (BITF) closed at $1.42, marking a +1.43% move from the previous day.
zacks.com
- 2 weeks ago
Bitfarms Ltd. (BITF) Flat As Market Gains: What You Should Know
Bitfarms Ltd. (BITF) closed at $1.41 in the latest trading session, marking no change from the prior day.
zacks.com
- 3 weeks ago
Stock Picks From Seeking Alpha's January 2025 New Analysts
In January, Seeking Alpha welcomed 29 new analysts. This article introduces them and showcases some of their top picks. Analysts highlighted include The Conservative Investor recommending Dassault Aviation, Christopher Gray on ASML Holding, and Inflexio Research on Bragg Gaming Group, all rated as Buys. Analysts' diverse backgrounds span sectors like technology, finance, and consumer staples, with investment strategies focusing on value, growth, and special situations.
seekingalpha.com
- 3 weeks ago
Canadian bitcoin miner Bitfarms mulls pivot to AI data centers
Toronto-based bitcoin miner Bitfarms has enlisted two consultants to explore how it can transform some of its facilities to meet the growing demand for artificial intelligence data centers, it said on Friday.
reuters.com
- 1 month ago
Bitfarms Engages Strategic Partners to Develop HPC/AI Business
-Engages expert consultants ASG & World Wide Technology- TORONTO, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin and vertically integrated data center company, today announced it has engaged two expert consultants in HPC strategy and artificial intelligence (“AI”), Appleby Strategy Group (“ASG”) and World Wide Technology (“WWT”), to conduct a comprehensive feasibility analysis on all its North American sites and advise on its global HPC/AI strategy.
globenewswire.com
- 1 month ago
Bitfarms Enters into a Binding LOI with HIVE Digital Technologies for the Sale of its Yguazu, Paraguay Site
-Bitfarms to reinvest capital in US growth opportunities- -Accretive transaction values the completed site at ~$85 million and significantly reduces anticipated 2025 capital requirements- -Rebalances YE 2025 proforma energy portfolio to ~80% North American & 20% international- -Reduces expected average power costs by ~10%- This news release constitutes a “designated news release” for the purposes of Bitfarms' second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd.
globenewswire.com
- 1 month ago
Bitfarms (BITF) Upgraded to Strong Buy: Here's What You Should Know
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
- 1 month ago
Bitcoin ETF Outflows Gather Steam As Bitcoin Falls Near $90,000; Are Crypto ETFs A Sell Now?
Crypto ETFs rallied as Bitcoin hit a $108,000 milestone in December but have fallen with the digital asset in 2025. The post Bitcoin ETF Outflows Gather Steam As Bitcoin Falls Near $90,000; Are Crypto ETFs A Sell Now?
investors.com
- 1 month ago
Bitfarms to Present at Needham Growth Conference in NYC
TORONTO, Ontario and BROSSARD, Québec, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms”), a global vertically integrated Bitcoin data center company, will be attending Needham's 27th Annual Growth Conference, taking place from January 14-15th in New York City. Bitfarms CEO Ben Gagnon, CFO Jeff Lucas, and SVP IR & Corp. Comms. Tracy Krumme will be conducting investor meetings with a presentation at the following time:
globenewswire.com
- 1 month ago
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
- 1 month 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
- 2 months ago
8. Profile
Summary
Bitfarms Ltd. BITF
COUNTRY
CA
INDUSTRY
Financial - Capital Markets
MARKET CAP
$ 519 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. Benjamin Gagnon
Chief Executive Officer & Director
Mr. Liam Daniel Wilson
Chief Operating Officer
Mr. Marc-Andre Ammann C.A., CPA
Senior Vice President of Finance & Accounting
Ms. Tracy H. Krumme
Senior Vice President and Head of Investor Relations & Corporation Comms.
Mr. Paul Magrath
Vice President of Taxation & Sustainability
Ms. Andrea Keen Souza
Senior Vice President of Human Resources
Mr. Alex Brammer
Senior Vice President of Global Mining Operations
Ms. Rachel Silverstein
U.S. General Counsel
Mr. Jeffrey P. Lucas CPA
Chief Financial Officer
Mr. Philippe Fortier CPA
Executive Vice President of Corporate Development