What is the current Bitfarms market capitalization?
The current market capitalization of Bitfarms is 578.26 M USD.
Bitfarms Market capitalization 2024
Bitfarms Market capitalization
578.26 M USD
Ticker
BITF.TO
ISIN
CA09173B1076
WKN
A2PMY9
In 2024, Bitfarms's market cap stood at 578.26 M USD, a 121.4% increase from the 261.18 M USD market cap in the previous year.
The Bitfarms Market capitalization history
| YEAR | Market Capitalization (undefined USD) |
|---|---|
| 2023 | 336.25 |
| 2022 | 398.64 |
| 2021 | 761.82 |
| 2020 | 34.66 |
| 2019 | 51.97 |
| 2018 | - |
| 2017 | - |
Bitfarms Aktienanalyse
What does Bitfarms do?
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 ist eines der beliebtesten Unternehmen auf Eulerpool.com.Market capitalization Details
Exploring Bitfarms's Market Capitalization
Bitfarms's market capitalization represents the total dollar market value of the company’s outstanding shares of stock. It is calculated by multiplying the company's shares outstanding by the current market price of one share. This metric is a vital indicator of a company’s size, strength, and overall market value.
Year-to-Year Comparison
A yearly comparison of Bitfarms's market capitalization provides investors and analysts insights into its growth and valuation trends. An increase signifies market confidence and business expansion, while a decrease may point towards declining market value or business contractions.
Impact on Investments
Bitfarms's market capitalization plays a pivotal role in investment decisions. It aids investors in assessing the company's risk and return profiles. Larger companies are often considered more stable but may offer lower growth potential, while smaller companies might offer significant growth prospects but come with higher risk.
Interpreting Market Capitalization Fluctuations
Variations in Bitfarms’s market capitalization can be attributed to several factors, including changes in stock price, outstanding shares, and market sentiment. Understanding these fluctuations helps investors evaluate the company's current standing and future potential in the competitive landscape.
Frequently Asked Questions about Bitfarms stock
What is market capitalization?
The market capitalization (German: Marktkapitalisierung, English: market capitalization, abbreviated as market cap, also known as stock exchange capitalization or market value) is the calculated total value of all shares of a publicly traded company like Bitfarms.
How has the market capitalization of Bitfarms developed in recent years?
The market capitalization of Bitfarms has increased/decreased by 121.4% compared to the previous year.
What does market capitalization mean for investors?
The market capitalization of a company reflects the current market consensus on the value of the equity of a publicly traded company.
Why is market capitalization an important indicator for investors?
The market capitalization of a company reflects the current market consensus on the value of a publicly traded company's equity. It is determined by the supply and demand for the company's shares. Market capitalization is thus significantly influenced by expectations in the stock market regarding the future earnings power of the company, and as such, it can undergo significant fluctuations.
Why does the market capitalization fluctuate?
The market capitalization fluctuates along with the stock price, as the market capitalization is calculated based on the current price and the number of outstanding shares.
What role does market capitalization play in the valuation of Bitfarms?
In order to compare the value of companies, it is helpful to consider not only the market capitalization but also the net debt of a company. A potential buyer of the entire company would also acquire the debts of the company. The enterprise value is the total value of a company or a stock corporation. The net financial indebtedness of the company is added to the market capitalization.
Does the market capitalization influence the performance of Bitfarms?
There is no verifiable long-term evidence or study that stocks with a specific market capitalization (whether Mega/Large/Mid/Small Cap) would consistently yield significantly higher returns than others. There are occasional small studies (few stocks, short investment period) suggesting that certain classes may perform better or have higher risk, but none of them are 1. conclusive (cause-effect relationship is unclear, experiment is not repeatable) or 2. generalizable (generalization is not possible due to small sample size and time period).
Does the market capitalization of Bitfarms have an influence on indices?
Some stock indices use market capitalization as index weighting. Stocks with a higher market capitalization are also weighted higher in the index. This is in contrast to equally weighted indices (all stocks have the same weighting) and free float weighted indices (market capitalization weighting, but only with the number of shares in free float).
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 9/27/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 9/27/2024.
When did Bitfarms pay the last dividend?
The last dividend was paid out on 9/27/2024.
What was the dividend of Bitfarms in the year 2023?
In the year 2023, Bitfarms distributed 0 USD as dividends.
In which currency does Bitfarms pay out the dividend?
The dividends of Bitfarms are distributed in USD.
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Andere Kennzahlen von 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.