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Bitfarms (TSE:BITF)
TSX:BITF
Earnings Data
Report Date
Aug 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.07Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 14, 2025
|% Change Since: -25.32%
|Next Earnings Date:Aug 18, 2025
Earnings Call Sentiment|Positive
Bitfarms is undergoing a significant strategic transformation and expansion into the HPC and AI sectors, securing substantial financing and making notable progress in U.S. expansion. However, the company faces operational challenges with high mining costs and a reported operating loss, which are important considerations. Despite these challenges, the overall sentiment leans toward a positive outlook, given the transformative initiatives and strategic positioning.Company Guidance
During the Bitfarms Q1 2025 earnings call, several key metrics and strategic initiatives were discussed. The company reported total revenue of $67 million, with $65 million from mining activities, resulting in a gross mining profit of $28 million or a 43% margin. They achieved a 50% growth in Exahash Under Management, reaching 19.5 EH/s. Bitfarms emphasized its strategic pivot towards becoming a North American energy and compute infrastructure company, aiming for a 1.4 gigawatts power capacity. The company secured $300 million in financing from Macquarie Group to support the development of its Panther Creek campus, which is projected to have a nearly 500 MW capacity. Additionally, the capex for 2025, excluding HPC and AI, is projected to be under $100 million. Bitfarms also highlighted its strategic divestiture of the Yguazu site in Paraguay, which was profitable and aligned with its new focus on HPC and AI in the U.S. The company anticipates generating about $8 million per month in free cash flow from mining operations while maintaining a strategic focus on U.S. expansion and high-performance computing (HPC) and AI initiatives.Strategic Expansion and Transformation
Bitfarms is evolving beyond Bitcoin mining into a leading North American energy and compute infrastructure company, focusing on high-performance computing (HPC) and artificial intelligence (AI).
Significant U.S. Expansion
Acquisition of strategic U.S. energy campuses and power generation facilities in Pennsylvania, with potential to nearly 500 megawatts of power capacity. The strategic divestiture of the Paraguay Bitcoin mining site was also achieved.
Substantial Financing Secured
Secured up to $300 million from Macquarie Group, with an initial $50 million tranche and an additional $250 million contingent on development milestones.
Increased Bitcoin Mining Capacity
Bitcoin mining capacity grew over 50% in the first quarter to 19.5 exahash, with a focus on reducing operating costs and no planned Bitcoin mining CapEx remaining.
TSE:BITF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:BITF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2025 | C$1.58 | C$1.53 | -3.16% |
Mar 27, 2025 | C$1.43 | C$1.36 | -4.90% |
Nov 13, 2024 | C$3.77 | C$3.19 | -15.38% |
Aug 08, 2024 | C$2.60 | C$3.17 | +21.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Bitfarms (TSE:BITF) report earnings?
Bitfarms (TSE:BITF) is schdueled to report earning on Aug 18, 2025, TBA Not Confirmed.
What is Bitfarms (TSE:BITF) earnings time?
Bitfarms (TSE:BITF) earnings time is at Aug 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:BITF EPS forecast?
TSE:BITF EPS forecast for the fiscal quarter 2025 (Q2) is -0.03.