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Bitfarms
(TSX:BITF)
Bitfarms (BITF) vs. iShares MSCI Canada ETF (EWC)
Bitfarms Business Overview & Revenue Model
Bitfarms Earnings Call Summary
Bitfarms Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 245.66M | 192.88M | 146.37M | -8.38M | 169.20M | 34.79M |
| Gross Profit | -16.42M | -32.36M | -21.50M | -140.29M | 110.83M | -1.90M |
| EBITDA | 25.00M | 74.35M | -7.73M | -103.47M | 70.53M | 1.47M |
| Net Income | -86.20M | -54.06M | -104.04M | -239.05M | 22.13M | -16.29M |
Balance Sheet | ||||||
| Total Assets | 827.95M | 667.62M | 378.73M | 343.10M | 542.59M | 51.70M |
| Cash, Cash Equivalents and Short-Term Investments | 144.47M | 146.84M | 84.04M | 35.44M | 191.30M | 5.95M |
| Total Debt | 74.91M | 23.41M | 19.87M | 65.01M | 84.74M | 28.37M |
| Total Liabilities | 165.46M | 59.62M | 83.96M | 87.53M | 120.00M | 36.26M |
| Stockholders Equity | 662.49M | 608.00M | 294.76M | 255.57M | 422.58M | 15.45M |
Cash Flow | ||||||
| Free Cash Flow | -514.16M | -480.42M | -47.71M | -158.73M | -230.43M | 2.74M |
| Operating Cash Flow | -261.60M | -140.56M | 23.60M | 36.25M | -37.17M | 7.22M |
| Investing Cash Flow | 47.48M | -178.39M | -58.34M | -155.01M | -215.15M | -3.60M |
| Financing Cash Flow | 186.04M | 294.46M | 87.88M | 24.01M | 371.99M | 185.00K |
Bitfarms Technical Analysis
Bitfarms Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $17.84B | 12.03 | 10.32% | 3.73% | 9.70% | 0.76% | |
65 Neutral | C$205.16M | 66.43 | -6.67% | ― | ― | -90.34% | |
60 Neutral | C$3.78B | 19.05 | 15.87% | ― | 2.40% | 27.15% | |
56 Neutral | C$135.99M | 60.00 | -0.89% | ― | -20.75% | -84.00% | |
55 Neutral | $992.44M | ― | -15.17% | ― | 46.65% | 44.91% | |
| ― | $602.71M | ― | -5.84% | ― | ― | ― | |
| ― | $25.40M | ― | -110.80% | ― | ― | ― |
Bitfarms Corporate Events
Bitfarms reported a substantial increase in revenue for Q2 2025, driven by its strategic focus on HPC and AI infrastructure development, particularly at its Panther Creek campus in Pennsylvania. The company has partnered with T5 Data Centers to advance this development and has secured significant energy capacity to support its growth. Bitfarms is also executing a corporate share buyback program and plans to redomicile to the U.S., reflecting its strategic pivot to the U.S. market. The company is discontinuing its mining operations in Argentina due to energy supply issues and economic uncertainties, which aligns with its broader strategy to focus on North American operations.
The most recent analyst rating on (TSE:BITF) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Bitfarms stock, see the TSE:BITF Stock Forecast page.
Bitfarms has announced a partnership with T5 Data Centers to enhance high-performance computing and AI development at its Panther Creek campus in Pennsylvania. This collaboration is set to leverage T5’s expertise in data center construction and operations, positioning Bitfarms at the forefront of AI infrastructure development in the state, supported by recent political commitments to AI investments. The partnership aims to create a state-of-the-art facility that will drive long-term value for shareholders and support Pennsylvania’s growth as a hub for next-generation data centers.
The most recent analyst rating on (TSE:BITF) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Bitfarms stock, see the TSE:BITF Stock Forecast page.
Bitfarms Ltd. has announced that it will release its second quarter 2025 financial results on August 12, 2025, before the market opens, followed by a conference call hosted by management. This announcement is significant as it provides stakeholders with insights into the company’s financial health and operational performance, potentially impacting its market positioning and investor relations.
The most recent analyst rating on (TSE:BITF) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Bitfarms stock, see the TSE:BITF Stock Forecast page.
Bitfarms Ltd., a global energy and compute infrastructure company, has announced the establishment of its second Principal Executive Office in New York City, following its acquisition of Stronghold Digital Mining, Inc. The company is also transitioning to U.S. GAAP for financial reporting, starting with the fiscal year ending December 31, 2025. These strategic moves are part of Bitfarms’ broader U.S. pivot and HPC/AI growth strategy, aiming to simplify reporting, reduce costs, and broaden its U.S. investor base. The initiatives are expected to enhance operational efficiencies and maximize shareholder value, positioning Bitfarms favorably within the industry.
The most recent analyst rating on (TSE:BITF) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Bitfarms stock, see the TSE:BITF Stock Forecast page.
Bitfarms Ltd. announced the results of its annual general and special meeting of shareholders, where all business items were approved, including the election of six directors and the reappointment of PricewaterhouseCoopers LLP as auditors. Shareholders also approved a new omnibus incentive plan and a potential future consolidation of common shares, indicating strategic moves to streamline operations and enhance shareholder value.
The most recent analyst rating on (TSE:BITF) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Bitfarms stock, see the TSE:BITF Stock Forecast page.
Bitfarms reported a 33% year-over-year increase in revenue for Q1 2025, reaching $67 million, despite a decrease in gross mining margin from 63% to 43%. The company has secured a $300 million private debt facility with Macquarie Group to fund its HPC project at Panther Creek, highlighting its strategic pivot towards HPC and AI data centers in the U.S. This move is expected to bolster Bitfarms’ financial position and operational capabilities, positioning it for growth in the HPC sector while maintaining its Bitcoin mining operations.
The most recent analyst rating on (TSE:BITF) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Bitfarms stock, see the TSE:BITF Stock Forecast page.