NASDAQ:BITF Bitfarms (BITF) Stock Price, News & Analysis $1.87 -0.06 (-3.11%) (As of 10/17/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends About Bitfarms Stock (NASDAQ:BITF) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Bitfarms alerts:Sign Up Key Stats Today's Range$1.83▼$1.9150-Day Range$1.75▼$2.4452-Week Range$0.98▼$3.91Volume20.41 million shsAverage Volume21.78 million shsMarket Capitalization$765.40 millionP/E RatioN/ADividend YieldN/APrice Target$3.66Consensus RatingModerate Buy Company OverviewBitfarms Ltd. 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.Read More… Crypto’s next big bull run? (Ad)Juan Villaverde may be America’s top crypto expert. And he says something big is coming for crypto – on November 5. Just a day after the American election, Juan believes crypto could start a massive run up …And one special coin could do even better. Bitfarms Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks37th Percentile Overall ScoreBITF MarketRank™: Bitfarms scored higher than 37% of companies evaluated by MarketBeat, and ranked 232nd out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.4 / 5Analyst RatingModerate Buy Consensus RatingBitfarms has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageBitfarms has only been the subject of 2 research reports in the past 90 days.Read more about Bitfarms' stock forecast and price target. Earnings and Valuation0.6 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Bitfarms are expected to grow in the coming year, from ($0.29) to ($0.11) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Bitfarms is -5.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Bitfarms is -5.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioBitfarms has a P/B Ratio of 2.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Bitfarms' valuation and earnings. Short Interest2.0 / 5Short Interest LevelBearish Percentage of Shares Shorted10.25% of the float of Bitfarms has been sold short.Short Interest Ratio / Days to CoverBitfarms has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Bitfarms has recently increased by 9.83%, indicating that investor sentiment is decreasing significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldBitfarms does not currently pay a dividend.Dividend GrowthBitfarms does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted10.25% of the float of Bitfarms has been sold short.Short Interest Ratio / Days to CoverBitfarms has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Bitfarms has recently increased by 9.83%, indicating that investor sentiment is decreasing significantly. News and Social Media2.3 / 5News Sentiment1.06 News SentimentBitfarms has a news sentiment score of 1.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Bitfarms this week, compared to 5 articles on an average week.Search InterestOnly 12 people have searched for BITF on MarketBeat in the last 30 days. This is a decrease of -54% compared to the previous 30 days.MarketBeat FollowsOnly 8 people have added Bitfarms to their MarketBeat watchlist in the last 30 days. This is a decrease of -27% compared to the previous 30 days. Company Ownership0.0 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Bitfarms insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 9.50% of the stock of Bitfarms is held by insiders.Percentage Held by InstitutionsOnly 20.59% of the stock of Bitfarms is held by institutions.Read more about Bitfarms' insider trading history. Receive BITF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Bitfarms and its competitors with MarketBeat's FREE daily newsletter. Email Address BITF Stock News HeadlinesBitfarms (NASDAQ:BITF) Stock Price Down 6.9% - Here's What HappenedOctober 9, 2024 | americanbankingnews.comBitfarms: Buy The Takeover Truce?October 9, 2024 | seekingalpha.comWar on Elon Escalates… A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.October 17, 2024 | Porter & Company (Ad)Institutions along with retail investors who hold considerable shares inBitfarms Ltd. (TSE:BITF) come under pressure; lose 9.5% of holdings valueOctober 8, 2024 | finance.yahoo.comBitfarms Files Amended and Restated Prospectus Supplement for its Existing At-the-Market Equity Offering ProgramOctober 4, 2024 | globenewswire.comRiot’s Truce With Bitfarms Reveals a Dark Truth About the Future of Bitcoin MiningSeptember 24, 2024 | msn.comCryptocurrency Correlation With S&P 500 Rises; Riot Ends Bitfarms Acquisition; BlackRock Alters IBITSeptember 23, 2024 | msn.comCrypto Miner Truce Leaves Open the Possibility of Riot Taking Over BitfarmsSeptember 23, 2024 | bloomberg.comSee More Headlines BITF Stock Analysis - Frequently Asked Questions How have BITF shares performed this year? Bitfarms' stock was trading at $2.91 at the start of the year. Since then, BITF shares have decreased by 35.7% and is now trading at $1.87. View the best growth stocks for 2024 here. How were Bitfarms' earnings last quarter? Bitfarms Ltd. (NASDAQ:BITF) released its quarterly earnings data on Thursday, August, 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.04. The company had revenue of $41.55 million for the quarter, compared to analyst estimates of $44.59 million. Bitfarms had a negative net margin of 62.79% and a negative trailing twelve-month return on equity of 18.94%. Who are Bitfarms' major shareholders? Bitfarms' top institutional shareholders include HBW Advisory Services LLC (0.01%). How do I buy shares of Bitfarms? Shares of BITF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Bitfarms own? Based on aggregate information from My MarketBeat watchlists, some other companies that Bitfarms investors own include Meta Platforms (META), Palantir Technologies (PLTR), NVIDIA (NVDA), Marathon Digital (MARA), Riot Platforms (RIOT), Advanced Micro Devices (AMD) and Energy Transfer (ET). Company Calendar Last Earnings8/08/2024Today10/17/2024Next Earnings (Estimated)11/04/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Nondepository credit institutions Sub-IndustryBanking Current SymbolNASDAQ:BITF CUSIPN/A CIK1812477 Webwww.bitfarms.com Phone64-7259-1790FaxN/AEmployees110Year FoundedN/APrice Target and Rating Average Stock Price Target$3.66 High Stock Price Target$5.00 Low Stock Price Target$2.30 Potential Upside/Downside+95.7%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.38) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-104,040,000.00 Net Margins-62.79% Pretax Margin-64.50% Return on Equity-18.94% Return on Assets-16.08% Debt Debt-to-Equity Ratio0.03 Current Ratio5.11 Quick Ratio5.09 Sales & Book Value Annual Sales$172.70 million Price / Sales4.43 Cash Flow$0.10 per share Price / Cash Flow19.13 Book Value$0.88 per share Price / Book2.13Miscellaneous Outstanding Shares409,307,000Free Float410,426,000Market Cap$765.40 million OptionableOptionable Beta3.63 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report This page (NASDAQ:BITF) was last updated on 10/17/2024 by MarketBeat.com Staff From Our PartnersTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | SponsoredRetire off just one stock ticker?ONE AI Stock is All You Need... There are over 6,000 stocks listed in the market right now. They will NOT m...Behind the Markets | SponsoredNvidia is Pivoting to Solve Big Tech’s $1 Trillion ProblemTaiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as ...Weiss Ratings | SponsoredMan who Predicted Trump 2016 Win: “Prepare for Election Meltdown”Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… ...Paradigm Press | SponsoredWe recommended Nvidia in 2016, now we’re recommending this…The AI boom is just getting started. And the real wealth has still to be made…Porter & Company | SponsoredAdd $2T of Potential Magic to Your PortfolioRevolutionizing a whole $2T entertainment and licensing industry might sound like the stuff of fairytales. But...Elf Labs | SponsoredEquation for Profits: Volatility = OpportunityFREE Intro to Options Class Online Tonight Prosper Trading Academy | SponsoredMarket "Famine" ComingMarket Wizard Larry Benedict accurately predicted that all indexes would be negative in 2022... He predicte...Opportunistic Trader | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Bitfarms Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. Share Bitfarms With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.