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Bitfarms stock

BITF.TO
CA09173B1076
A2PMY9

Price

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Bitfarms stock price

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Price

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Overview

The Quote Chart provides detailed and dynamic insights into the Bitfarms stock's performance, showcasing daily, weekly, or monthly aggregated quotes. Users can switch between different time frames to analyze the stock's progression meticulously and make informed investment decisions.

Intraday Feature

The intraday feature provides real-time data, allowing investors to view the Bitfarms stock’s price fluctuations within the trading day, facilitating timely and strategic investment decisions.

Total Return and Relative Price Change

View the total return of the Bitfarms stock to gauge its profitability over time. The relative price change, based on the first quote available in the selected timeframe, offers insights into the stock’s performance, assisting in evaluating its investment potential.

Interpretation and Investment

Utilize the comprehensive data presented in the Quote Chart to analyze Bitfarms's market trends, price movements, and potential returns. Make informed investment choices by comparing different time frames and evaluating intraday data for optimized portfolio management.

Bitfarms Stock Price History

DateBitfarms Price
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1/16/20251.69 undefined
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Bitfarms Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details

Revenue, EBIT and Profit

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Understanding Revenue, EBIT, and Income

Gain insights into Bitfarms, a comprehensive overview of its financial performance can be obtained by analyzing the Revenue, EBIT, and Income chart. Revenue represents the total income generated by Bitfarms from its primary operations, showcasing the company’s ability to attract and retain clients. EBIT, or Earnings Before Interest and Taxes, indicates the company’s operational profitability, free from the influence of tax and interest expenses. The Income section reflects Bitfarms’s net earnings, an ultimate measure of its financial health and profitability.

Yearly Analysis and Comparisons

Observe the yearly bars to understand the annual performance and growth of Bitfarms. Compare the Revenue, EBIT, and Income to evaluate the company’s efficiency and profitability. A higher EBIT compared to the previous year suggests an improvement in operational efficiency. Likewise, an increase in Income indicates enhanced overall profitability. Analyzing the year-to-year comparison assists investors in understanding the company’s growth trajectory and operational efficiency.

Utilizing Expectations for Investment

The expected values for the forthcoming years offer investors a glimpse into Bitfarms’s anticipated financial performance. Analyzing these projections alongside historical data aids in making informed investment decisions. Investors can gauge the potential risks and returns, aligning their investment strategies accordingly to optimize profitability and mitigate risks.

Investment Insights

Leveraging the comparison between Revenue and EBIT helps in assessing Bitfarms’s operational efficiency, while the Revenue and Income comparison reveals the net profitability after accounting for all expenses. Investors can derive valuable insights by meticulously analyzing these financial parameters, laying the foundation for strategic investment decisions aimed at capitalizing on Bitfarms’s growth potential.

Bitfarms Revenue, EBIT and net profit per share

DateBitfarms RevenueBitfarms EBITBitfarms Net Income
2029e862.92 M undefined0 undefined0 undefined
2028e578.34 M undefined328.44 M undefined0 undefined
2027e806.82 M undefined475.32 M undefined0 undefined
2026e670.14 M undefined242.76 M undefined235.62 M undefined
2025e391.47 M undefined35.61 M undefined-9.24 M undefined
2024e198.46 M undefined-28.56 M undefined-92.4 M undefined
2023146.37 M undefined-58.1 M undefined-108.92 M undefined
2022142.43 M undefined-38.82 M undefined-239.05 M undefined
2021169.49 M undefined63.02 M undefined22.13 M undefined
202034.7 M undefined-5.38 M undefined-16.29 M undefined
201932.42 M undefined1.15 M undefined2.9 M undefined
201833.81 M undefined2.06 M undefined-9.36 M undefined
20178.66 M undefined6.89 M undefined4.91 M undefined

Bitfarms Income Statement, Balance Sheet, Cash Flow Statement

  • Simple

  • Expanded

  • Income Statement

  • Balance Sheet

  • Cashflow

 
REVENUE (M)REVENUE GROWTH (%)GROSS MARGIN (%)GROSS INCOME (M)NET INCOME (M)NET INCOME GROWTH (%)SHARES (M)DOCUMENTS
20172018201920202021202220232024e2025e2026e2027e2028e2029e
8333234169142146198391670806578862
-312.50-3.036.25397.06-15.982.8235.6297.4771.3620.30-28.2949.13
87.5030.3034.385.8865.687.04-14.38-10.61-5.37-3.13-2.61-3.63-2.44
71011211110-21000000
4-92-1622-239-108-92-9235000
--325.00-122.22-900.00-237.50-1,186.36-54.81-14.81-90.22-2,711.11---
57.0857.0871.0684.92169.39207.78262.24000000
-------------
Details

Keystats

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Revenue and Growth

The Bitfarms Revenue and Revenue Growth are pivotal to understanding the company's financial health and operational efficiency. A consistent increase in revenue indicates a company’s ability to effectively market and sell its products or services, while the revenue growth percentage offers insights into the pace at which the company is expanding over the years.

Gross Margin

The Gross Margin is a crucial metric that showcases the percentage of revenue exceeding the cost of goods sold (COGS). A higher gross margin is indicative of a company’s efficiency in controlling its production costs, thereby promising potential profitability and financial stability.

EBIT and EBIT Margin

EBIT (Earnings Before Interest and Taxes) and EBIT Margin offer deep insights into a company’s profitability, excluding the impacts of interest and taxes. Investors often assess these metrics to gauge the operational efficiency and inherent profitability of a business, separate from its financial structure and tax environment.

Income and Growth

Net Income and its subsequent growth are quintessential for investors looking to understand a company’s profitability. Consistent income growth underscores a company’s ability to enhance its profitability over time, reflecting operational efficiency, strategic competitiveness, and financial health.

Shares Outstanding

Shares outstanding refer to the total number of shares a company has issued. It's instrumental in calculating key metrics like Earnings Per Share (EPS) which is pivotal for investors to evaluate a company’s profitability on a per-share basis, offering a more granular view of financial health and valuation.

Interpreting Year to Year Comparison

Comparing yearly data allows investors to identify trends, assess the company’s growth, and anticipate potential future performance. Analyzing how metrics like revenue, income, and margins change year over year can provide valuable insights into the company’s operational efficiency, competitiveness, and overall financial health.

Expectations and Predictions

Investors often juxtapose the current and past financial data with the market’s expectations. This comparison aids in assessing whether the Bitfarms is performing as anticipated, underperforming or outperforming the market predictions, providing pivotal data for investment decisions.

 
ASSETSCASH BALANCE (M)RECEIVABLES (M)OTHER REC. (M)INVENTORIES (k)OTHER CURRENT LIAB. (M)CURRENT ASSETS (M)TANGIBLE ASSETS (M)LONG-T. INVEST. (M)LONG-T. REC. (M)INTANGIBLE ASSETS (M)GOODWILL (M)OTHER NON-CURRENT ASSETS (M)NON-CURRENT ASSETS (M)TOTAL ASSETS (M)LIABILITIESCOMMON STOCK (M)ADDITIONAL PAID-IN CAPITAL (M)RETAINED EARNINGS (M)OTHER EQUITY (M)UNREAL. GAINS/LOSSES (M)EQUITY (M)LIABILITIES (M)PROVISIONS (M)OTHER SHORT-TERM LIAB. (M)SHORT-TERM DEBTS (M)LONG-TERM DEBT PORTION (M)SHORT-TERM REC. (M)LONG-T. LIAB. (M)DEFERRED TAXES (M)OTHER LIAB. (M)LONG-T. LIABILITIES (M)DEBT (M)TOTAL CAPITAL (M)
201720182019202020212022
           
4.520.552.165.95125.630.89
00.911.111.11.040.7
0.520.352.580.32.6816.07
431124135169548588
3.021.360.571.65157.2720.85
8.493.36.559.17287.1369.09
21.3420.8644.0141.19146.25235.79
000000
00002.072.08
4.721.010.680.381.680.03
000016.960
01.061.620.9788.5136.1
26.0622.9446.3142.54255.46274.01
34.5526.2352.8651.7542.59343.1
           
0.124.5533.9432378.89429.12
22.8819.6505.5943.765.51
4.91-8.76-5.86-22.15-0.02-239.07
000000
000000
27.915.4428.0915.45422.58255.57
4.452.72.292.069.8712.9
000000
1.280.940.15.6216.77.64
0000600
01.031.6220.814.646.7
5.734.664.0128.48101.1867.24
00.6920.577.5710.1418.31
0.70008.450
0.210.230.190.210.241.98
0.910.9220.767.7818.8320.29
6.645.5824.7736.26120.0187.53
34.5521.0252.8651.7542.59343.1
Details

Balance Sheet

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Understanding the Balance Sheet

The balance sheet of Bitfarms provides a detailed financial snapshot, revealing the company's assets, liabilities, and equity at a specific point in time. Analyzing these components is crucial for investors looking to understand Bitfarms's financial health and stability.

Assets

Bitfarms's assets represent everything the company owns or controls that has monetary value. These are categorized into current and non-current assets, offering insights into the company's liquidity and long-term investments.

Liabilities

Liabilities are obligations that Bitfarms must settle in the future. Analyzing the ratio of liabilities to assets provides insights into the company's financial leverage and risk exposure.

Equity

Equity refers to the residual interest in the assets of Bitfarms after deducting liabilities. It represents the owners’ claim on the company’s assets and earnings.

Year-to-Year Analysis

Comparing balance sheet figures year-to-year allows investors to identify trends, growth patterns, and potential financial risks, facilitating informed investment decisions.

Interpreting the Data

Detailed analysis of assets, liabilities, and equity can provide investors with comprehensive insights into Bitfarms's financial standing, aiding in investment evaluations and risk assessments.

 
NET INCOME (M)DEPRECIATION (M)DEFERRED TAXES (M)CHANGES IN WORKING CAPITAL (M)NON-CASH ITEM (M)PAID INTEREST (M)PAID TAXES (M)NET CASH FLOW FROM OPERATING ACTIVITIES (M)CAPITAL EXPENDITURES (M)CASH FLOW FROM INVESTING ACTIVITIES (M)CASH FLOW FROM OTHER INVESTING ACTIVITIES (M)INTEREST INCOME AND EXPENSES (M)NET DEBT CHANGE (M)NET CHANGE IN EQUITY (M)CASH FLOW FROM FINANCING ACTIVITIES (M)CASH FLOW FROM OTHER FINANCING ACTIVITIES ()TOTAL DIVIDENDS PAID (M)NET CHANGE IN CASH FLOW (M)FREE CASH FLOW (M)SHARE-BASED COMPENSATION (M)
201720182019202020212022
4-182-1622-239
1126112472
00008-17
00-3315-18
02018-114239
000000
0000014
71367-4336
-13-22-23-4-193-194
-13-22-22-3-208-155
0010-1539
000000
0112-149-30
1025232254
10417037124
------
000000
4-313119-94
-6.03-9.03-17.762.74-236.58-158.73
000000

Bitfarms stock margins

The Bitfarms margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Bitfarms. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Bitfarms.

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Gross margin
EBIT margin
Profit margin
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Margin

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Understanding Gross Margin

The gross margin, expressed as a percentage, delineates the gross profit made from the Bitfarms's sales revenue. A higher gross margin percentage indicates that the Bitfarms retains more revenue after accounting for the costs of goods sold. Investors use this metric to gauge financial health and operational efficiency, as well as to compare it with competitors and industry averages.

EBIT Margin Analysis

EBIT margin represents the Bitfarms's earnings before interest and taxes. Analyzing the EBIT margin over different years provides insights into the operational profitability and efficiency, excluding the effects of financial leverage and tax structure. A growing EBIT margin over the years signifies improving operational performance.

Revenue Margin Insights

The revenue margin demonstrates the Bitfarms's total revenue generated. When comparing the revenue margin year over year, investors can gauge the Bitfarms's growth and market expansion. It is essential to compare the revenue margin with the gross and EBIT margins to understand the cost and profit structures better.

Interpreting Expectations

The expected values for gross, EBIT, and revenue margins provide future financial outlook of the Bitfarms. Investors should compare these expectations with historical data to understand potential growth and risk factors. It is crucial to consider the underlying assumptions and methodologies used in projecting these expected values to make informed investment decisions.

Comparative Analysis

Comparing the gross, EBIT, and revenue margins, both yearly and over multiple years, enables investors to perform a comprehensive analysis of the Bitfarms's financial health and growth prospects. Evaluating the trends and patterns in these margins helps in identifying strengths, weaknesses, and potential investment opportunities.

Bitfarms Margin History

Bitfarms Gross marginBitfarms Profit marginBitfarms EBIT marginBitfarms Profit margin
2029e-14.69 %0 %0 %
2028e-14.69 %56.79 %0 %
2027e-14.69 %58.91 %0 %
2026e-14.69 %36.23 %35.16 %
2025e-14.69 %9.1 %-2.36 %
2024e-14.69 %-14.39 %-46.56 %
2023-14.69 %-39.69 %-74.42 %
20227.38 %-27.26 %-167.84 %
202165.56 %37.18 %13.06 %
20208.28 %-15.49 %-46.94 %
201935.28 %3.53 %8.94 %
201832.18 %6.1 %-27.7 %
201784.43 %79.56 %56.62 %

Bitfarms Stock Sales Revenue, EBIT, Earnings per Share

The Bitfarms earnings per share therefore indicates how much revenue Bitfarms has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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Sales per Share
EBIT per share
Earnings per Share
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Revenue, EBIT and Earnings per share

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Revenue Per Share

Revenue per share represents the total revenue Bitfarms earns, divided by the number of outstanding shares. It is a crucial metric as it reflects the company's ability to generate sales and signifies growth and expansion potential. Comparing yearly revenue per share allows investors to analyze the consistency in a company’s earnings and predict future trends.

EBIT Per Share

EBIT per share indicates Bitfarms's earning before interest and taxes, offering insights into operational profitability excluding the effects of capital structure and tax rates. It can be juxtaposed against revenue per share to gauge the efficiency in converting sales into profits. A consistent increase in EBIT per share over the years underscores operational efficiency and profitability.

Income Per Share

Income per share, or earnings per share (EPS), reveals the portion of Bitfarms’s profit allocated to each share of common stock. It’s instrumental in evaluating the profitability and financial health. By comparing it with revenue and EBIT per share, investors discern how effectively a firm translates sales and operational profits into net income.

Expected Values

Expected values are projections of revenue, EBIT, and income per share for forthcoming years. These anticipations, rooted in historical data and market analysis, aid investors in strategizing their investments, evaluating Bitfarms's prospective performance, and estimating future stock prices. However, it’s pivotal to consider market volatilities and uncertainties that can influence these projections.

Bitfarms Revenue, EBIT and net profit per share

DateBitfarms Sales per ShareBitfarms EBIT per shareBitfarms Earnings per Share
2029e1.91 undefined0 undefined0 undefined
2028e1.28 undefined0 undefined0 undefined
2027e1.78 undefined0 undefined0 undefined
2026e1.48 undefined0 undefined0.52 undefined
2025e0.86 undefined0 undefined-0.02 undefined
2024e0.44 undefined0 undefined-0.2 undefined
20230.56 undefined-0.22 undefined-0.42 undefined
20220.69 undefined-0.19 undefined-1.15 undefined
20211 undefined0.37 undefined0.13 undefined
20200.41 undefined-0.06 undefined-0.19 undefined
20190.46 undefined0.02 undefined0.04 undefined
20180.59 undefined0.04 undefined-0.16 undefined
20170.15 undefined0.12 undefined0.09 undefined

Bitfarms business model

Bitfarms Ltd is a Canadian company that was founded in 2017 and operates in the cryptocurrency mining sector. The company's business model involves generating cryptocurrencies with specially designed computers. Bitfarms operates mining facilities in Canada, Iceland, and Russia, where the climatic conditions and energy supply are favorable. Bitfarms specializes in mining Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. The company operates its mining operations exclusively in Canada to ensure a secure and stable power supply and increase security standards. Bitfarms' foundation is a combination of experience and technology. The company has a team of experts in data analysis, hardware and electrical engineering, and finance who work to maximize the potential of the cryptocurrency mining industry. Bitfarms has multiple divisions. The company operates mining facilities in Canada, Iceland, and Russia. The mining facilities in Canada are located in Sherbrooke, Farnham, and Saint-Hyacinthe. Bitfarms also operates its own mining farms and invests in mining equipment. Bitfarms also offers a cloud mining service, allowing customers to rent mining equipment and generate corresponding cryptocurrencies. Bitfarms covers the costs of maintenance and power supply. Customers can choose from various contracts depending on the cryptocurrency they want to generate and the preferred contract duration. Another main offering from Bitfarms is the sale of high-efficiency mining rigs. The company specializes in developing and manufacturing rigs with a high hash rate. These rigs are easy to set up and operate for cryptocurrency generation. Bitfarms has its own production facilities and also offers customized solutions. In recent years, Bitfarms has continuously expanded and grown its business. The company has invested in new technologies and innovative solutions to improve mining efficiency. For example, Bitfarms has developed advanced cooling technology that reduces heat output from mining hardware and lowers energy consumption. Bitfarms has also been involved in several mergers and acquisitions in recent years to strengthen its market position and resources. For example, the company has announced the acquisition of blockchain infrastructure firm Backbone Hosting Solutions Inc. to expand its services in blockchain hosting. Overall, Bitfarms Ltd is a leading company in the cryptocurrency mining industry. The company specializes in the development and operation of mining facilities and offers a wide range of services and products. Bitfarms has continuously invested in improving its technologies and mining efficiency to provide its customers with the best mining experience. Bitfarms is one of the most popular companies on Eulerpool.com.

Bitfarms SWOT Analysis

Strengths

1. Established Market Position: Bitfarms Ltd has successfully established itself as a leading player in the cryptocurrency mining industry.

2. Advanced Technology Infrastructure: The company utilizes state-of-the-art mining hardware and equipment, enabling efficient and cost-effective operations.

3. Strategic Partnerships: Bitfarms has formed valuable partnerships with key industry stakeholders, enhancing its competitive advantage and market reach.

Weaknesses

1. Market Volatility Risk: Bitfarms operates in a highly volatile market, which exposes the company to fluctuations in cryptocurrency prices and demand.

2. Energy Consumption: Cryptocurrency mining is energy-intensive, and Bitfarms' operations require significant electricity supply, which may pose environmental concerns and increase costs.

3. Regulatory Uncertainty: The evolving regulatory landscape surrounding cryptocurrencies may introduce uncertainties and potential risks for Bitfarms' operations.

Opportunities

1. Growing Cryptocurrency Market: The increasing adoption and acceptance of cryptocurrencies present opportunities for Bitfarms to expand its customer base and revenue.

2. Diversification into Other Cryptocurrencies: Bitfarms can explore mining newer digital currencies and diversify its portfolio to mitigate risk and capture emerging opportunities.

3. Strategic Acquisitions: By acquiring smaller mining operations or technology companies, Bitfarms can expand its market share and enhance its competitive position.

Threats

1. Competition: The cryptocurrency mining industry is highly competitive, with the potential entry of new players and existing competitors improving their operations.

2. Technological Advancements: Rapid technological advancements may render Bitfarms' mining equipment obsolete or less efficient, requiring constant upgrading.

3. Regulatory Changes: Shifts in governmental regulations or policies related to cryptocurrencies and mining could impact Bitfarms' operations and profitability.

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Bitfarms Eulerpool Fair Value

Details

Fair Value

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Understanding Fair Value

The fair value of a stock provides insights into whether the stock is currently undervalued or overvalued. It is calculated based on profit, revenue, or dividends and offers a comprehensive perspective of the stock’s intrinsic value.

Income-Based Fair Value

This is calculated by multiplying the earnings per share by the average P/E ratio of the selected past years for smoothing. If the fair value is higher than the current market price, it suggests that the stock is undervalued.

Example 2022

Fair Value Profit 2022 = Earnings per Share 2022 / Average P/E Ratio 2019 - 2021 (3 Years Smoothing)

Revenue-Based Fair Value

It is derived by multiplying the revenue per share by the average price-to-sales ratio of the selected past years for smoothing. An undervalued stock is identified if the fair value exceeds the ongoing market price.

Example 2022

Fair Value Revenue 2022 = Revenue per Share 2022 / Average PSR 2019 - 2021 (3 Years Smoothing)

Dividend-Based Fair Value

This value is determined by dividing the dividend per share by the average dividend yield of the selected past years for smoothing. A higher fair value than the market price indicates an undervalued stock.

Example 2022

Fair Value Dividend 2022 = Dividend per Share 2022 * Average Dividend Yield 2019 - 2021 (3 Years Smoothing)

Expectations and Forecasts

Future expectations provide potential trajectories for stock prices and aid investors in decision-making. The expected values are forecasted figures of fair value, taking into account the growth or decline trends of profit, revenue, or dividend.

Comparative Analysis

Comparing the fair value based on profit, revenue, and dividend provides a holistic overview of the stock’s financial health. Observing the annual and per-annual variations contributes to understanding the consistency and reliability of stock performance.

Bitfarms historical P/E ratio, EBIT multiple, and P/S ratio

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Bitfarms shares outstanding

The number of shares was Bitfarms in 2024 — This indicates how many shares 262.237 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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Number of stocks
Details

Revenue, EBIT and Earnings per share

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Revenue Per Share

Revenue per share represents the total revenue Bitfarms earns, divided by the number of outstanding shares. It is a crucial metric as it reflects the company's ability to generate sales and signifies growth and expansion potential. Comparing yearly revenue per share allows investors to analyze the consistency in a company’s earnings and predict future trends.

EBIT Per Share

EBIT per share indicates Bitfarms's earning before interest and taxes, offering insights into operational profitability excluding the effects of capital structure and tax rates. It can be juxtaposed against revenue per share to gauge the efficiency in converting sales into profits. A consistent increase in EBIT per share over the years underscores operational efficiency and profitability.

Income Per Share

Income per share, or earnings per share (EPS), reveals the portion of Bitfarms’s profit allocated to each share of common stock. It’s instrumental in evaluating the profitability and financial health. By comparing it with revenue and EBIT per share, investors discern how effectively a firm translates sales and operational profits into net income.

Expected Values

Expected values are projections of revenue, EBIT, and income per share for forthcoming years. These anticipations, rooted in historical data and market analysis, aid investors in strategizing their investments, evaluating Bitfarms's prospective performance, and estimating future stock prices. However, it’s pivotal to consider market volatilities and uncertainties that can influence these projections.

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Unfortunately, there are currently no price targets and forecasts available for Bitfarms.

Bitfarms latest earnings and earnings surprises

DateEPS EstimateEPS ActualQuarterly report
9/30/2024-0.07 -0.08  (-12.04 %)2024 Q3
6/30/2024-0.11 -0.07  (34.64 %)2024 Q2
3/31/2024-0.02 -0.02  (-30.92 %)2024 Q1
12/31/2023-0.02 -0.19  (-745.64 %)2023 Q4
9/30/2023-0.05 -0.07  (-34 %)2023 Q3
6/30/2023-0.04 -0.06  (-35.55 %)2023 Q2
3/31/2023-0.03 -0.01  (63.17 %)2023 Q1
12/31/2022-0.08 -0.08  (1.57 %)2022 Q4
9/30/2022-0.02 -0.62  (-2,940 %)2022 Q3
6/30/20220.05 -0.35  (-786.82 %)2022 Q2
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Bitfarms shareholders

%
Name
Stocks
Change
Date
1.88593 % Bonta (Nicolas)8,542,11804/4/2023
1.47888 % Grodzki (Emiliano Joel)6,698,44304/4/2023
1.12334 % Invesco Capital Management LLC5,088,077-1,573,5736/30/2023
0.93348 % State Street Global Advisors (US)4,228,0872,987,5896/30/2023
0.91410 % Toroso Asset Management4,140,3382,151,6166/30/2023
0.66654 % Van Eck Associates Corporation3,019,027508,3446/30/2023
0.56904 % Exchange Traded Concepts, LLC2,577,42110,0909/30/2023
0.55646 % Mirae Asset Global Investments (USA) LLC2,520,419-373,5796/30/2023
0.34638 % Renaissance Technologies LLC1,568,9001,568,9006/30/2023
0.26795 % INVESCO Asset Management (Japan) Ltd.1,213,669-409,6526/30/2023
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Bitfarms Executives and Management Board

Mr. Emiliano Grodzki

(45)
Bitfarms Chief Executive Officer, Chief Strategy Officer, Founder, Director (since 2018)
Compensation 6.76 M

Mr. L. Geoffrey Morphy

Bitfarms President, Chief Operating Officer (since 2020)
Compensation 6.35 M

Mr. Nicolas Bonta

(47)
Bitfarms Executive Chairman of the Board, Chief Development Officer, Founder (since 2018)
Compensation 6.28 M

Mr. Jeffrey Lucas

Bitfarms Chief Financial Officer
Compensation 6.26 M

Mr. Benjamin Gagnon

Bitfarms Chief Mining Officer
Compensation 2.35 M
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Most common questions regarding Bitfarms

What values and corporate philosophy does Bitfarms represent?

Bitfarms Ltd represents strong values and a clear corporate philosophy. The company believes in transparency, sustainability, and accountability in the cryptocurrency mining industry. Bitfarms is committed to providing secure and reliable blockchain infrastructure while minimizing environmental impact. With a focus on efficiency and innovation, Bitfarms aims to lead the industry in sustainable mining practices. By utilizing renewable energy sources and employing advanced technologies, the company strives to ensure the longevity and profitability of its operations. Bitfarms is dedicated to creating long-term value for shareholders while fostering trust and credibility in the cryptocurrency market.

In which countries and regions is Bitfarms primarily present?

Bitfarms Ltd is primarily present in Canada.

What significant milestones has the company Bitfarms achieved?

Bitfarms Ltd, a leading cryptocurrency mining company, has achieved significant milestones in its journey. Notably, Bitfarms has accomplished significant growth and expansion in recent years. The company has successfully increased its mining capacity, enabling it to mine a substantial amount of cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Moreover, Bitfarms has actively contributed to the sustainability of blockchain technology by utilizing energy-efficient mining techniques. Additionally, the company has fostered partnerships and collaborations with various industry leaders, cementing its position as a reputable player in the cryptocurrency mining sector. Bitfarms' relentless commitment to innovation and excellence has propelled it towards continued success.

What is the history and background of the company Bitfarms?

Bitfarms Ltd is a leading cryptocurrency mining company based in Canada. Established in 2017, Bitfarms operates state-of-the-art facilities that utilize high-powered computers to validate and process cryptocurrency transactions. With a strong focus on sustainability, Bitfarms harnesses renewable energy sources to power its mining operations efficiently. As a pioneer in the industry, Bitfarms has a proven track record of generating significant returns from its mining operations. The company has a dedicated team of experts who possess extensive experience in blockchain technology and digital asset management. Bitfarms' commitment to innovation and sustainable practices has positioned it as a trusted name in the cryptocurrency mining sector.

Who are the main competitors of Bitfarms in the market?

Some of the main competitors of Bitfarms Ltd in the market include other cryptocurrency mining companies such as Hut 8 Mining Corp, Marathon Digital Holdings Inc, and Riot Blockchain Inc.

In which industries is Bitfarms primarily active?

Bitfarms Ltd is primarily active in the cryptocurrency industry.

What is the business model of Bitfarms?

Bitfarms Ltd is a leading cryptocurrency mining company. Their business model revolves around the mining of digital currencies, primarily Bitcoin. Bitfarms operates large-scale mining facilities equipped with powerful hardware, specialized software, and advanced cooling systems to efficiently mine cryptocurrencies. By leveraging their expertise in blockchain technology and mining operations, Bitfarms aims to secure and validate transactions on various networks, earning rewards in the form of digital currencies. Their consistent focus on expanding and optimizing mining operations allows Bitfarms to capitalize on the growing demand for cryptocurrencies while ensuring the security and integrity of decentralized networks.

What is the P/E ratio of Bitfarms 2025?

The P/E ratio cannot be calculated for Bitfarms at the moment.

What is the P/S ratio of Bitfarms 2025?

The P/S cannot be calculated for Bitfarms currently.

What is the Quality Investing of Bitfarms?

The Quality Investing for Bitfarms is 4/10.

What is the revenue of Bitfarms 2025?

The expected Bitfarms revenue is 391.47 M USD.

How high is the profit of Bitfarms 2025?

The expected Bitfarms profit is -9.24 M USD.

What is the business model of Bitfarms

Bitfarms Ltd is a Canadian company specializing in the production of cryptocurrencies. The company operates multiple large mining farms equipped with thousands of ASIC mining machines, providing flexible and cost-effective solutions for cryptocurrency mining. The company utilizes the Proof-of-Work system to validate transactions in the blockchain, earning block rewards and transaction fees. Bitfarms specializes in mining Bitcoin but also has the capability to mine other cryptocurrencies such as Ethereum, Litecoin, Bitcoin Cash, and more. In addition to mining, Bitfarms Ltd offers a range of services to support their mining facilities. These services include consulting, planning, construction, and operation of mining farms. The company also provides hosting services for customers who want to operate their own mining hardware, offering planning, policy formation, and operational support. To support their mining activities, the company has developed and produces their own brand of mining hardware, including ASICs. However, Bitfarms does not exclusively use their own mining hardware for their own facilities; they also offer it to customers as a Mining-as-a-Service. While primarily focused on mining, Bitfarms Ltd is also actively involved in the development and implementation of blockchain technology. They aim to support and expand the cryptocurrency ecosystem, actively participating in the development of new protocols and algorithms for blockchain platforms and filing several patents in this field. To expand their business, Bitfarms Ltd collaborates closely with other companies in the cryptocurrency industry. They work with other mining pools, hardware manufacturers, and blockchain developers worldwide. The future development of the business also depends on advancements in the cryptocurrency industry. Overall, Bitfarms Ltd's business model is centered around cryptocurrency production and offers a wide range of services related to mining. The company specializes in Bitcoin mining but also has the capability to mine other cryptocurrencies. They provide hosting services, consulting, planning, and construction of mining farms, as well as their own mining hardware. Bitfarms Ltd is also actively engaged in the development of blockchain technology and collaborates with other companies in the industry to expand the cryptocurrency ecosystem.

What is the Bitfarms dividend?

Bitfarms pays a dividend of 0 USD distributed over payouts per year.

How often does Bitfarms pay dividends?

The dividend cannot currently be calculated for Bitfarms or the company does not pay out a dividend.

What is the Bitfarms ISIN?

The ISIN of Bitfarms is CA09173B1076.

What is the Bitfarms WKN?

The WKN of Bitfarms is A2PMY9.

What is the Bitfarms ticker?

The ticker of Bitfarms is BITF.TO.

How much dividend does Bitfarms pay?

Over the past 12 months, Bitfarms paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Bitfarms is expected to pay a dividend of 0 USD.

What is the dividend yield of Bitfarms?

The current dividend yield of Bitfarms is .

When does Bitfarms pay dividends?

Bitfarms pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Bitfarms?

Bitfarms paid dividends every year for the past 0 years.

What is the dividend of Bitfarms?

For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.

In which sector is Bitfarms located?

Bitfarms is assigned to the 'Information technology' sector.

Wann musste ich die Aktien von Bitfarms kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Bitfarms from 2/13/2025 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 2/13/2025.

When did Bitfarms pay the last dividend?

The last dividend was paid out on 2/13/2025.

What was the dividend of Bitfarms in the year 2024?

In the year 2024, Bitfarms distributed 0 USD as dividends.

In which currency does Bitfarms pay out the dividend?

The dividends of Bitfarms are distributed in USD.

All fundamentals about Bitfarms

Our stock analysis for Bitfarms Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Bitfarms Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.