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Bitfarms (BITF)
NASDAQ:BITF
BITF Stock Chart & Stats
$2.20
-$0.07(-4.14%)
At close: 4:00 PM EST
$2.20
-$0.07(-4.14%)
Day’s Range― - ―
52-Week Range$0.67 - $6.60
Previous Close$1.62
Volume41.97M
Average Volume (3M)32.65M
Market Cap
$1.24B
Enterprise Value$1.23B
Total Cash (Recent Filing)$258.23M
Total Debt (Recent Filing)$73.68M
Price to Earnings (P/E)―
Beta2.32
Next Earnings
Mar 25, 2026EPS Estimate
-0.04Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.08
Shares Outstanding565,625,400
10 Day Avg. Volume24,842,433
30 Day Avg. Volume32,654,819
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)1.01
Price to Sales (P/S)3.18
P/FCF Ratio-1.28
Enterprise Value/Market Cap0.99
Enterprise Value/Revenue4.56
Enterprise Value/Gross Profit-163.78
Enterprise Value/Ebitda64.33
Forecast
1Y Price Target
$4.06Price Target Upside84.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.09
Revenue Forecast (FY)$184.39M
Bulls Say, Bears Say
Bulls Say
Secured Energy PortfolioSecured multi-hundred megawatt power positions reduce exposure to electricity price volatility and enable large-scale data center conversions. As data-center power tightness grows, this asset base creates a durable operational moat and supports margin sustainability for HPC/AI hosting.
Strategic Shift To HPC And AI InfrastructureMoving from commodity Bitcoin mining to contracted HPC/AI hosting targets structurally growing demand and higher-margin, recurring revenue. Leveraging existing sites and energy assets reduces crypto-price exposure, diversifies revenue, and can materially improve utilization and long-term profitability.
Strong Financial FlexibilitySubstantial liquidity and committed borrowing capacity provide a multi-quarter runway to fund GPU conversions, capex, and operating losses without immediate equity dilution. This balance-sheet strength materially reduces execution risk for the multi-year transformation plan.
Bears Say
Negative Operating And Free Cash FlowsPersistent negative operating and free cash flows constrain the company's ability to self-fund capital-intensive data-center conversions and leave it reliant on external financing or asset sales. Continued cash burn heightens execution and solvency risk if project timelines or crypto markets deteriorate.
High All-in Bitcoin Production CostAn all-in production cost near $82k makes legacy mining economics highly sensitive to BTC prices. Elevated unit costs compress margins and free cash flow, forcing rapid and successful conversion to HPC/AI to avoid prolonged unprofitability and further capital raises.
Negative Profitability Metrics And Operational InefficiencyDespite revenue growth, persistent negative EBIT/EBITDA and deteriorating gross margins point to structural cost and operational inefficiencies. Without clear and sustained improvements in unit economics, scaling new data-center initiatives risks extending the path to positive free cash flow.
Bitfarms News
BITF FAQ
What was Bitfarms’s price range in the past 12 months?
Bitfarms lowest stock price was $0.67 and its highest was $6.60 in the past 12 months.
What is Bitfarms’s market cap?
Bitfarms’s market cap is $1.24B.
When is Bitfarms’s upcoming earnings report date?
Bitfarms’s upcoming earnings report date is Mar 25, 2026 which is in 23 days.
How were Bitfarms’s earnings last quarter?
Bitfarms released its earnings results on Nov 13, 2025. The company reported -$0.08 earnings per share for the quarter, missing the consensus estimate of -$0.021 by -$0.059.
Is Bitfarms overvalued?
According to Wall Street analysts Bitfarms’s price is currently Undervalued.
Does Bitfarms pay dividends?
Bitfarms does not currently pay dividends.
What is Bitfarms’s EPS estimate?
Bitfarms’s EPS estimate is -0.04.
How many shares outstanding does Bitfarms have?
Bitfarms has 565,625,400 shares outstanding.
What happened to Bitfarms’s price movement after its last earnings report?
Bitfarms reported an EPS of -$0.08 in its last earnings report, missing expectations of -$0.021. Following the earnings report the stock price went down -17.981%.
Which hedge fund is a major shareholder of Bitfarms?
Currently, no hedge funds are holding shares in BITF
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Bitfarms Stock Smart Score
Underperform
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Analyst Consensus
Moderate Buy
Average Price Target:
$4.06 (84.55% Upside)
$4.06 (84.55% Upside)
Blogger Sentiment
Bullish
BITF Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 19.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $709.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.4%
Last 30 Days ▼ 4.1%
Last 30 Days ▼ 4.1%
News Sentiment
Bearish
Bullish news 33%
Bearish news 67%
Bearish news 67%
Technicals
SMA
Negative
20 days / 200 days
Momentum
101.83%
12-Months-Change
Fundamentals
Return on Equity
-17.06%
Trailing 12-Months
Asset Growth
36.59%
Trailing 12-Months
Company Description
Bitfarms
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. 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 headquartered in Toronto, Canada.
BITF Company Deck
BITF Earnings Call
Q3 2025
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted Bitfarms' significant revenue growth and strong financial position, driven by its strategic transition towards HPC and AI infrastructure. However, the company faced challenges with operating losses and high production costs, indicating a balanced outlook.View all BITF earnings summariesBITF Stock 12 Month Forecast
Average Price Target
$4.06
▲(84.55% Upside)
Technical Analysis
Neptune Digital Assets
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Hut 8
―
DMG Blockchain Solutions
―
Cathedra Bitcoin Inc
―
Bitcoin Well Inc
―
Ownership Overview
10.08% Insiders
0.35% Mutual Funds
1.23% Other Institutional Investors
79.64% Public Companies and Individual Investors