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Bitfarms Q1 2024 Earnings Report

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$1.68 -0.01 (-0.59%)
(As of 12/20/2024 05:51 PM ET)

Bitfarms EPS Results

Actual EPS
-$0.02
Consensus EPS
-$0.03
Beat/Miss
Beat by +$0.01
One Year Ago EPS
N/A

Bitfarms Revenue Results

Actual Revenue
$50.32 million
Expected Revenue
$50.51 million
Beat/Miss
Missed by -$190.00 thousand
YoY Revenue Growth
N/A

Bitfarms Announcement Details

Quarter
Q1 2024
Time
N/A

Conference Call Resources

Conference Call Audio

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Bitfarms Earnings Headlines

Why I'm telling friends to avoid gold stocks
Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."
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About Bitfarms

Bitfarms (NASDAQ:BITF) engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. 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 based in Toronto, Canada.

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