Bitfarms (BITF.TO) Stock Price
Bitfarms Price
Revenue has compounded at 55.8% per year over the past 7 years to 192.88 M USD. Earnings per share have grown at 11.0% per year over the last 4 years. Bitfarms's net margin stands at -28.0%, up from -46.9% several years earlier. Analysts set a median price target of 3.86 USD, implying 19.9% above the current price. Of 8 analysts, 7 rate the stock a buy — an overall Buy consensus. The stock trades about 149% above its 52-week low.
Bitfarms stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Bitfarms over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Bitfarms stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Bitfarms's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | Bitfarms Price |
|---|---|
| 8/27/2026 | 3.22 USD |
| 8/26/2026 | 3.51 USD |
| 8/25/2026 | 3.36 USD |
| 8/24/2026 | 3.51 USD |
| 8/23/2026 | 3.25 USD |
| 8/20/2026 | 3.32 USD |
| 8/19/2026 | 3.37 USD |
| 8/18/2026 | 3.25 USD |
| 8/17/2026 | 3.16 USD |
| 8/16/2026 | 3.77 USD |
| 8/13/2026 | 3.51 USD |
| 8/12/2026 | 3.31 USD |
| 8/11/2026 | 3.54 USD |
| 8/10/2026 | 3.29 USD |
| 8/9/2026 | 3.40 USD |
| 8/6/2026 | 3.88 USD |
| 8/5/2026 | 3.82 USD |
| 8/4/2026 | 3.93 USD |
| 8/3/2026 | 4.11 USD |
| 8/2/2026 | 4.20 USD |
| 7/30/2026 | 3.97 USD |
| 7/29/2026 | 4.05 USD |
| 7/28/2026 | 3.18 USD |
| 7/27/2026 | 3.74 USD |
| 7/26/2026 | 4.05 USD |
| 7/23/2026 | 4.26 USD |
| 7/22/2026 | 4.81 USD |
| 7/21/2026 | 4.69 USD |
| 7/20/2026 | 4.65 USD |
| 7/19/2026 | 4.34 USD |
Bitfarms Revenue, EBIT, Net Income
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Bitfarms Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEM USD |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEM USD |
| EBITM USD |
| EBIT MARGIN% |
| NET INCOMEM USD |
| NET INCOME GROWTH% |
| SHARESM |
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | 2026e | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8.00 | 33.00 | 32.00 | 34.00 | 169.00 | 142.00 | 146.00 | 192.00 | 274.00 | 102.00 | 99.00 | 383.00 | 862.00 |
| – | 312.50 | -3.03 | 6.25 | 397.06 | -15.98 | 2.82 | 31.51 | 42.71 | -62.77 | -2.94 | 286.87 | 125.07 |
| 87.50 | 30.30 | 34.38 | 5.88 | 65.68 | 7.04 | -14.38 | -16.67 | -16.67 | -16.67 | -16.67 | -16.67 | -16.67 |
| 7.00 | 10.00 | 11.00 | 2.00 | 111.00 | 10.00 | -21.00 | -32.00 | -45.67 | -17.00 | -16.50 | -63.83 | -143.67 |
| 6.00 | 2.00 | 1.00 | -5.00 | 63.00 | -38.00 | -58.00 | -103.00 | -99.00 | -245.00 | -151.00 | -103.00 | – |
| 75.00 | 6.06 | 3.13 | -14.71 | 37.28 | -26.76 | -39.73 | -53.65 | -36.13 | -240.20 | -152.53 | -26.89 | – |
| 4.00 | -9.00 | 2.00 | -16.00 | 22.00 | -239.00 | -108.00 | -54.00 | -98.00 | -187.00 | -116.00 | -81.00 | – |
| – | -325.00 | -122.22 | -900.00 | -237.50 | -1,186.36 | -54.81 | -50.00 | 81.48 | 90.82 | -37.97 | -30.17 | – |
| 57.08 | 57.08 | 71.06 | 84.92 | 169.39 | 207.78 | 262.24 | 414.67 | 414.67 | 414.67 | 414.67 | 414.67 | 414.67 |
Details
Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Bitfarms generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Bitfarms retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Bitfarms's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Bitfarms has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Bitfarms's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Bitfarms stock margins
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Bitfarms Stock Revenue, EBIT, Earnings per Share
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Bitfarms business model & stock analysis
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.
Bitfarms Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
Bitfarms historical P/E ratio, EBIT multiple, and P/S ratio
Bitfarms annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Bitfarms shares outstanding
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Current Bitfarms forecasts and price targets in September 2026
Analyst Price Targets 2026Bitfarms Analyst Rating Actions
| Date | Firm | Action | Rating | Reliability |
|---|---|---|---|---|
| 3/31/2026 | Maintained | Buy | – | |
| 1/27/2026 | Downgrade | OutperformMarket Perform | 53 | |
| 11/14/2025 | Maintained | Buy | – | |
| 11/14/2025 | Maintained | Overweight | 41 | |
| 3/27/2025 | Maintained | Buy | – | |
| 11/14/2024 | Maintained | Buy | – | |
| 10/3/2024 | Maintained | Overweight | 41 | |
| 9/23/2024 | Maintained | Buy | – | |
| 9/3/2024 | Maintained | Overweight | 41 | |
| 8/22/2024 | Maintained | Buy | – |
Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.
Bitfarms Earnings Calls
Bitfarms Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 5/13/2024 | -0.01USD | - | 37.23 MUSD | - | 2024 Q1 |
| 3/19/2024 | -0.02USD | - | 31.29 MUSD | - | 2023 Q4 |
Bitfarms shareholder structure
| % | Name |
|---|---|
1.22702% | |
1.01963% | |
0.99847% | |
0.72806% | |
0.62156% | |
0.60781% |
Bitfarms Beneficial Ownership Filings (SEC 13D/G)
Bitfarms Executives and Management Board
17 members · avg. age 56 · 6 % women
Mr. Emiliano Grodzki (45)
Chief Executive Officer, Chief Strategy Officer, Founder, Director · since 2018
6.76 M USD
Management
Mr. L. Geoffrey Morphy
President, Chief Operating Officer · since 2020
Mr. Nicolas Bonta (47)
Executive Chairman of the Board, Chief Development Officer, Founder · since 2018
Mr. Jeffrey Lucas
Chief Financial Officer
Mr. Benjamin Gagnon
Chief Mining Officer
Mr. Mauro Ferrara
Interim Chief Financial Officer, Corporate Secretary
Mr. Nathaniel Port
Senior Vice President - Finance and Accounting
Board of Directors
Mr. Brian Howlett
Lead Independent Director
Mr. Andres Finkielsztain
Independent Director
Mr. Pierre Seccareccia (75)
Independent Director
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 3.86 USD for the Bitfarms stock (median: 3.86 USD), implying +19.9 % 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 102.09 M USD and earnings per share of -0.45 USD.
Converted at the current exchange rate, the Bitfarms share trades at 2.77 EUR (3.22 USD).
The Bitfarms share (BITF.TO) is listed on 5 stock exchanges, including: NASDAQ (BITF), Frankfurt (1B2.F), München (1B2.MU), Düsseldorf (1B2.DU), Toronto (BITF.TO).
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 102.09 M USD. This figure is based on current financial data and reflects the company's business performance.
The expected profit of Bitfarms is -187.28 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 -7.13. 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 13.08. 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 1/10.
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.
Bitfarms paid dividends every year for the past 0 years.
Bitfarms is assigned to the 'Information technology' sector.
The dividends of Bitfarms are distributed in USD.
Bitfarms stock
Bitfarms Peer Group
Bitfarms Ticker
Bitfarms FIGI
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.