How much profit has Bitfarms made this year?
Bitfarms has made -2.24 M USD this year.
Bitfarms Net Income 2024
Bitfarms Net Income
-2.24 M USD
Bitfarms Dividend yield
Ticker
BITF.TO
ISIN
CA09173B1076
WKN
A2PMY9
In 2024, Bitfarms's profit amounted to -2.24 M USD, a -97.85% increase from the -104.04 M USD profit recorded in the previous year.
The Bitfarms Net Income history
| YEAR | NET INCOME (undefined USD) |
|---|---|
| 2029e | - |
| 2028e | - |
| 2027e | - |
| 2026e | 157.03 |
| 2025e | 172.42 |
| 2024e | -2.24 |
| 2023 | -104.04 |
| 2022 | -239.05 |
| 2021 | 22.13 |
| 2020 | -16.29 |
| 2019 | 2.9 |
| 2018 | -9.36 |
| 2017 | 4.91 |
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.Net Income Details
Understanding Bitfarms's Profit Margins
The profit margins of Bitfarms represent the net income earned after deducting all operational expenses, costs, and taxes from the revenue. This figure is a clear indicator of Bitfarms's financial health, operational efficiency, and profitability. Higher profit margins signify better cost management and income generation capabilities.
Year-to-Year Comparison
Evaluating Bitfarms's profit on a yearly basis can offer significant insights into its financial growth, stability, and trends. A consistent increase in profit suggests improved operational efficiency, cost management, or increased revenue, while a decrease may indicate rising costs, declining sales, or operational challenges.
Impact on Investments
Bitfarms's profit figures are critical for investors who are aiming to understand the company's financial standing and future growth prospects. Increased profits often lead to higher stock valuations, boosting investor confidence and attracting more investments.
Interpreting Profit Fluctuations
When Bitfarms’s profit increases, it often indicates enhanced operational efficiency or increased sales. In contrast, a decline in profit can signal operational inefficiencies, increased costs, or competitive pressures, necessitating strategic interventions to boost profitability.
Frequently Asked Questions about Bitfarms Stock
How has the profit developed compared to last year?
The profit has increased by -97.85% compared to last year fallen
What impact do the earnings have on the shareholders?
An increase in earnings is usually seen as a positive indicator for shareholders as it means that the company is generating profits.
How does Bitfarms publish its earnings?
Bitfarms publishes its earnings in the form of quarterly or annual reports.
Which financial indicators are included in the quarterly or annual reports?
The quarterly or annual reports contain information about sales and profit, cash flow, balance sheet, and other fundamentals.
Why is it important for investors to know the earnings of Bitfarms?
The profits of Bitfarms are an important indicator of the financial health of the company and can help investors decide whether they want to invest in the company or not.
How can one learn more about the earnings of Bitfarms?
You can learn more about the earnings of Bitfarms by reviewing the quarterly or annual reports or following the company presentations.
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 5/27/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 5/27/2024.
When did Bitfarms pay the last dividend?
The last dividend was paid out on 5/27/2024.
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.