Bitfarms (BITF.TO) Stock Price
Bitfarms Price
Revenue has compounded at 49.9% per year over the past 8 years to 229.28 M USD. Earnings per share have grown at 91.9% per year over the last 4 years. Bitfarms's net margin stands at -124.1%, down from 13.1% several years earlier. Analysts set a median price target of 3.79 USD, implying 63.9% above the current price. Of 8 analysts, 7 rate the stock a buy — an overall Buy consensus.
Bitfarms stock price
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Bitfarms business model & stock analysis
Frequently asked questions about 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.
Bitfarms Ltd is primarily active in the cryptocurrency industry.
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.
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.
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.
Bitfarms Ltd is primarily present in Canada.
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.
Analysts currently set an average price target of 3.79 USD for the Bitfarms stock (median: 3.79 USD), implying +63.9 % versus the latest price. The consensus is based on 8 analyst ratings.
8 analysts currently rate the Bitfarms stock: 7 recommend buying, 1 holding and 0 selling. For 2026, analysts expect Bitfarms to generate revenue of 101.94 M USD and earnings per share of -0.34 USD.
Converted at the current exchange rate, the Bitfarms share trades at 2.06 EUR (2.31 USD).
The Bitfarms share (BITF.TO) is listed on 5 stock exchanges, including: NASDAQ (BITF), Toronto (BITF.TO), Frankfurt (1B2.F), München (1B2.MU), Düsseldorf (1B2.DU).
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.
The expected revenue of Bitfarms is 101.94 M USD. This figure is based on current financial data and reflects the company's business performance.
The expected profit of Bitfarms is -187.00 M USD. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of Bitfarms is currently -6.87. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Bitfarms stock.
The price-to-sales ratio (P/S) of Bitfarms is currently 12.61. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Bitfarms stock.
The Eulerpool Quality Score for Bitfarms is 2/10.
The ISIN of Bitfarms is CA09173B1076. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of Bitfarms is A2PMY9. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of Bitfarms is BITF.TO. The ticker symbol is used to trade Bitfarms shares on the stock exchange.
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All fundamentals and in-depth analysis of Bitfarms
Our stock analysis for Bitfarms 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. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.