Bitfarms (BITF)
NASDAQ:BITF
Earnings Data
Report Date
May 18, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.07Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a material strategic transformation with substantial operational achievements (rebrand/redomicile, a secured 2.2 GW pipeline, $520M liquidity, oversubscribed $588M raise, elimination of legacy debt, and strong industry partnerships) that position the company to capture AI/HPC infrastructure demand. However, near-term financials are weak: large operating and net losses, impairment and derivative charges, modest decline in adjusted EBITDA, and execution/timing risks tied to permitting and lease signings. The tone is optimistic and execution-focused, but the company remains reliant on achieving permitting and lease milestones to convert secured power into contracted revenue and realize valuation upside.Company Guidance
Strategic Pivot and Rebranding
Company executed a deliberate pivot from Bitcoin mining to North American HPC and AI infrastructure, re-domiciling to the U.S. and rebranding to Keel (ticker KEEL) with shareholder approval >99% in favor.
Large Secured Power & Land Pipeline
Secured a ~2.2 gigawatt pipeline across Pennsylvania, Washington State and Quebec (examples: 350 MW at Panther Creek, 110 MW at Sharon, 18 MW in Washington), positioning the company as a regional leader in scarce power/land markets.
Strong Liquidity and Capital Raise
Completed an oversubscribed $588 million convertible offering and exited a legacy debt facility; liquidity stands at $520 million in cash and Bitcoin (as of Mar 27, 2026), described as 'far in excess' of budgeted CapEx to reach permitting and initial lease stages.
Revenue Growth
Fiscal year 2025 revenue of $229 million, up 72% year-over-year, demonstrating top-line expansion during the transformation period.
Balance Sheet Simplification and Debt Reduction
Repaid the Macquarie debt facility, eliminating legacy covenants and simplifying capital structure to improve financing flexibility for development financing options (project-level or parent-level).
Commercialization & Execution Plan
Clear 3-year plan: 2026 focus on execution (permits, A&E, go-to-market), 2027 delivery (sites expected to come online and deliver megawatts), and target to scale beyond 2 GW. Leasing/commercialization underway with NDAs and active customer engagement.
Institutional Team and Industry Partners
Hired senior infrastructure and finance executives (including new CFO) and partnered with experienced data center firms (T5, Turner, Corgan, WWT, Vertiv) to de-risk construction and operations.
Valuation Upside Catalysts Identified
Management highlighted three rerating catalysts: lease execution (market trades $4–6M per 2027 MW for leased assets vs current ~$1.9M per MW), securing expansion capacity, and facility delivery/revenue in 2027.
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
BITF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 31, 2026 | $1.84 | $1.95 | +5.98% |
Nov 13, 2025 | $3.17 | $2.60 | -17.98% |
Aug 12, 2025 | $1.23 | $1.27 | +3.25% |
May 14, 2025 | $1.16 | $1.09 | -6.03% |
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 (BITF) report earnings?
Bitfarms (BITF) is schdueled to report earning on May 18, 2026, Before Open (Confirmed).
What is Bitfarms (BITF) earnings time?
Bitfarms (BITF) earnings time is at May 18, 2026, Before Open (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 BITF EPS forecast?
Currently, no data Available