Bitfarms Ltd. (TSX: BITF)

Canada flag Canada · Delayed Price · Currency is CAD
2.370
-0.060 (-2.47%)
May 17, 2024, 4:00 PM EDT
52.90%
Market Cap 715.40M
Revenue (ttm) 226.90M
Net Income (ttm) -145.63M
Shares Out 391.80M
EPS (ttm) -0.51
PE Ratio n/a
Forward PE 60.98
Dividend n/a
Ex-Dividend Date n/a
Volume 4,185,455
Open 2.440
Previous Close 2.430
Day's Range 2.370 - 2.530
52-Week Range 1.260 - 5.250
Beta 3.33
Analysts n/a
Price Target 5.76 (+143.04%)
Earnings Date Mar 19, 2024

About Bitfarms

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is based in Toronto, Canada. [Read more]

Industry Capital Markets
Sector Financials
Founded 2017
Country Canada
Stock Exchange Toronto Stock Exchange
Ticker Symbol BITF
Full Company Profile

Financial Performance

Financial numbers in USD Financial Statements

News

Bitfarms Ltd. (BITF) Q1 2024 Earnings Call Transcript

Bitfarms Ltd. (NASDAQ:NASDAQ:BITF) Q1 2024 Earnings Conference Call May 15, 2024 8:00 AM ETCompany ParticipantsTracy Krumme - Senior Vice President,...

3 days ago - Seeking Alpha

Bitfarms Ltd. Reports Q1 Loss, Lags Revenue Estimates

Bitfarms Ltd. (NASDAQ: BITF) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.01 per share a year ago. These figur...

5 days ago - Benzinga

Bitfarms Reports First Quarter 2024 Results

- Revenue of $50 million, up 9% Q/Q and 67% Y/Y -- Gross mining margin of 59%, up from 52% in Q4 2023 & 41% in Q1 2023 -- Secured additional 24,000 miners in March, increasing total delivery to 88,000...

5 days ago - GlobeNewsWire

Bitcoin miner Bitfarms CEO to depart immediately in response to lawsuit

Nicolas Bonta, Bitfarms co-founder and chair, will take over as interim president and CEO after Geoffrey Morphy filed a lawsuit for $27 million in damages against the mining firm.

7 days ago - Cointelegraph

What's Going On With Bitcoin Mining Stock Bitfarms?

Shares of Bitcoin (CRYPTO: BTC) mining company Bitfarms Ltd (NASDAQ: BITF) are trading lower. The company on Monday announced the termination of its CEO . What Happened: Bitfarms announced in late M...

7 days ago - Benzinga

Bitcoin Miner Bitfarms Fires Interim CEO Early After Exec Files $27 Million Lawsuit

Bitfarms Ltd. said it had fired its outgoing interim president and chief executive officer, after the executive filed a lawsuit against the crypto miner claiming $27 million in damages for breach of c...

7 days ago - Financial Post

Bitcoin Miner Bitfarms Fires Interim CEO Early After Exec Files $27 Million Lawsuit

Bitfarms Ltd. said it had fired its outgoing interim president and chief executive officer, after the executive filed a lawsuit against the crypto miner claiming $27 million in damages for breach of c...

7 days ago - BNN Bloomberg

Bitfarms boots CEO, effective immediately, reschedules earnings

Bitfarms (BITF) ousts CEO, faces $27M lawsuit. Stock rises 2.3%.

7 days ago - Seeking Alpha

Bitfarms Reschedules First Quarter Conference Call to May 15th at 8:00am ET

TORONTO and BROSSARD, Québec, May 13, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining company, announces that it will report first quarter resu...

7 days ago - GlobeNewsWire

Bitfarms Announces Acceleration of Previously Announced Termination of CEO and Provides Update on New CEO Appointment

- Geoffrey Morphy terminated as CEO and Nicolas Bonta appointed on interim basis -- CEO Executive search nearing completion -

7 days ago - GlobeNewsWire

Bitfarms Q1 2024 Earnings Preview

10 days ago - Seeking Alpha

Bitcoin halving sees Bitfarms BTC mining earnings plummet

Bitfarms is actively working to triple its current hash rate capacity to 21 exahashes per second (EH/s) with a $240 million investment. The impact of the fourth Bitcoin ( BTC) halving has led Bitfarm...

18 days ago - Cointelegraph

Bitfarms mines 269 bitcoins in April

19 days ago - Seeking Alpha

Bitfarms Schedules First Quarter 2024 Conference Call on May 13, 2024

TORONTO and BROSSARD, Québec, April 26, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining company, will report its first quarter 2024 financial r...

24 days ago - GlobeNewsWire

Bitfarms to Participate in Upcoming Conferences

TORONTO, Ontario and BROSSARD, Québec , April 17, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF/TSX: BITF), a global vertically integrated company, today announced that various members of manag...

4 weeks ago - GlobeNewsWire

Bitfarms Reaches 7 EH/s with Completion of Fleet Upgrade at Garlock and Farnham Facilities

This news release constitutes a “designated news release” for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. ...

5 weeks ago - GlobeNewsWire

Bitfarms announces $240M mining upgrade to triple post halving hash rate

Bitfarms holds $66 million in cash and 806 BTC in its treasury giving it a total liquidity of $123 million.

6 weeks ago - Coin Telegraph

What's Going On With Bitfarms Stock Monday?

Bitfarms said it mined 286 bitcoin in March, down from 300 bitcoin ... Full story available on Benzinga.com

7 weeks ago - Benzinga

Bitfarms Announces March 2024 Production and Operations Update

- Company earns 286 BTC in March 2024 - - Upgrade and expansion plan, targeting 21 EH/s and 21w/TH in 2024, underway with T21 deliveries and installations - TORONTO, Ontario and BROSSARD, Québec, Apri...

7 weeks ago - GlobeNewsWire