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Bitfarms (TSE:BITF)
TSX:BITF
Holding TSE:BITF?
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BITF Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$1.37 - C$5.25
Previous CloseC$2.87
Volume2.24M
Average Volume (3M)3.34M
Market Cap
C$1.34B
Enterprise ValueC$1.27B
Total Cash (Recent Filing)$88.83M
Total Debt (Recent Filing)$23.95M
Price to Earnings (P/E)―
Beta1.89
Next Earnings
Mar 19, 2025EPS Estimate
-C$0.04Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.46
Shares Outstanding451,286,000
10 Day Avg. Volume6,163,697
30 Day Avg. Volume3,343,746
Standard Deviation0.43
R-Squared0.11
Alpha0.06
Financial Highlights & Ratios
Price to Book (P/B)2.68
Price to Sales (P/S)5.68
Price to Cash Flow (P/CF)-18.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.92
Enterprise Value/Gross Profit-58.86
Enterprise Value/Ebitda-235.57
Forecast
1Y Price Target
C$5.73Price Target Upside101.71% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
Bitfarms News
Bulls Say, Bears Say
Bulls Say
Fleet Upgrade And EfficiencyBitfarms has swapped out over 50,000 older generation miners for 46,000 newer generation miners, expanding hash rate capacity by 83% while improving fleet efficiency by 40%.
Growth And Expansion StrategyAfter integrating Stronghold's assets, Bitfarms will be poised to more than triple total capacity to 955 MW by the end of 2025, substantially increasing the company's footprint in the U.S.
Valuation And Market PositionShares remain significantly undervalued at current levels, trading at approximately 40% discount to peers, which is viewed as unwarranted.
Bears Say
Guidance And ExpectationsThe company delayed its year-end hash rate guidance and withdrew its future outlook, leading to a significant stock sell-off.
Operational ChallengesAcknowledged setbacks include construction delays, miner shipment issues, and ongoing warranty servicing, impacting the company's ability to meet its guidance.
Risk FactorsPotential risks include Bitcoin price volatility, construction and deployment delays, and possible shareholder dilution due to equity capital raises.
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Options Prices
Currently, No data available
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Ownership Overview
20.99% Insiders
0.22% Mutual Funds
2.41% Other Institutional Investors
66.71% Public Companies and Individual Investors
BITF FAQ
What was Bitfarms’s price range in the past 12 months?
Bitfarms lowest stock price was C$1.37 and its highest was C$5.25 in the past 12 months.
What is Bitfarms’s market cap?
Currently, no data Available
When is Bitfarms’s upcoming earnings report date?
Bitfarms’s upcoming earnings report date is Mar 19, 2025 which is in 116 days.
How were Bitfarms’s earnings last quarter?
Bitfarms released its earnings results on Nov 13, 2024. The company reported -C$0.112 earnings per share for the quarter, the consensus estimate of -C$0.112 by C$0.
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 -C$0.04.
How many shares outstanding does Bitfarms have?
Bitfarms has 472,500,340 shares outstanding.
What happened to Bitfarms’s price movement after its last earnings report?
Bitfarms reported an EPS of -C$0.112 in its last earnings report, expectations of -C$0.112. Following the earnings report the stock price went down -15.385%.
Which hedge fund is a major shareholder of Bitfarms?
Currently, no hedge funds are holding shares in TSE:BITF
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Bitfarms Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
C$5.73 (101.71% Upside)
C$5.73 (101.71% Upside)
Blogger Sentiment
Bullish
TSE:BITF Sentiment 88%
Sector Average 65%
Sector Average 65%
Insider Transactions
Bought Shares
Worth $647.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.2%
Last 30 Days ▲ 0.6%
Last 30 Days ▲ 0.6%
Technicals
SMA
Negative
20 days / 200 days
Momentum
79.82%
12-Months-Change
Fundamentals
Return on Equity
-31.62%
Trailing 12-Months
Asset Growth
76.27%
Trailing 12-Months
Company Description
Bitfarms
Bitfarms Ltd owns and operates blockchain farms that power the global decentralized financial economy. It provides computing power to cryptocurrency networks such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash, earning fees from each network for securing and processing transactions. Bitfarms also provides computing power to cryptocurrency networks.
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BITF Company Deck
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BITF Earnings Call
Q3 2024
0:00 / 0:00
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BITF Stock 12 Month Forecast
Average Price Target
C$5.73
▲(101.71% Upside)
Technical Analysis
Best Analysts Covering BITF
1 Year
1 Year Success Rate
4/5 ratings generated profit
1 Year Average Return
+64.70%
upgraded a buy rating yesterday
Copying Bill Papanastasiou's trades and holding each position for 1 Year would result in 80.00% of your transactions generating a profit, with an average return of +64.70% per trade.
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