Bitfarms (BITF) Stock Price, News & Analysis

Company Overview

Bitfarms Ltd. (NASDAQ: BITF) is a vertically integrated Bitcoin mining company that designs, builds and operates scale-optimized industrial-grade crypto mining farms. Founded in 2017 and headquartered in Toronto, Canada, the company leverages strategic power partnerships and advanced mining hardware to secure blockchain networks and validate transactions. Bitfarms conducts end-to-end operations that include site development, deployment of mining rigs, real-time performance monitoring and maintenance of its facilities.

The company’s core business activities revolve around the acquisition and deployment of high-efficiency ASIC mining equipment, predominantly sourced from top manufacturers such as Bitmain. Bitfarms continually upgrades its fleet to maintain competitive hash rates and lower cost per terahash. In addition to its own operations, the company offers hosting and colocation services for third-party miners seeking access to low-cost, renewable power solutions, leveraging its expertise in managing large-scale mining infrastructure.

Bitfarms’ global footprint spans North and South America, with primary operations in Quebec and British Columbia, Canada, where it benefits from abundant hydroelectric capacity. The company also operates facilities in Washington State in the U.S., and has expanded into South America with sites in Argentina and Uruguay to capitalize on favorable regulatory environments and low‐cost energy. This geographically diversified portfolio helps Bitfarms optimize energy sourcing and manage regional grid constraints.

Under the leadership of Founder and Executive Chairman Fabiano Schiocchet and Chief Executive Officer Jean Hardy, Bitfarms emphasizes sustainable growth and transparent governance. The management team prioritizes environmental stewardship by targeting renewable power for its mining operations and adhering to best practices in health, safety and community engagement. As the company continues to scale, Bitfarms aims to enhance its operational efficiency and contribute to the long-term robustness of the Bitcoin network.

Key Stats

• Today's Range: $1.01 to $1.09
• 50-Day Range: $0.75 to $1.16
• 52-Week Range: $0.67 to $3.15
• Volume: 21.17 million shs
• Average Volume: 27.54 million shs
• Market Capitalization: $572.64 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.44
• Consensus Rating: Buy

Bitfarms Stock Analysis - MarketRank™

Bitfarms scored higher than 59% of companies evaluated by MarketBeat, and ranked 140th out of 303 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Bitfarms has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Bitfarms has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Bitfarms are expected to grow in the coming year, from ($0.21) to ($0.04) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Bitfarms is -5.42, 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. Sector

The P/E ratio of Bitfarms is -5.42, 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 Ratio

Bitfarms has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

9.19% of the float of Bitfarms has been sold short.

Short Interest Ratio / Days to Cover

Bitfarms has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bitfarms has recently decreased by 14.34%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Bitfarms does not currently pay a dividend.

Dividend Growth

Bitfarms does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

9.19% of the float of Bitfarms has been sold short.

Short Interest Ratio / Days to Cover

Bitfarms has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bitfarms has recently decreased by 14.34%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.12

News Sentiment

Bitfarms has a news sentiment score of 0.12. 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 lower news sentiment than the 0.64 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 23 news articles for Bitfarms this week, compared to 8 articles on an average week.

Search Interest

19 people have searched for BITF on MarketBeat in the last 30 days. This is an increase of 6% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Bitfarms to their MarketBeat watchlist in the last 30 days. This is a decrease of -62% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Bitfarms insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 9.50% of the stock of Bitfarms is held by insiders.

Percentage Held by Institutions

Only 20.59% of the stock of Bitfarms is held by institutions.

BITF Stock Analysis - Frequently Asked Questions

How have BITF shares performed this year?

Bitfarms' stock was trading at $1.49 on January 1st, 2025. Since then, BITF shares have decreased by 30.9% and is now trading at $1.03.

How were Bitfarms' earnings last quarter?

Bitfarms Ltd. (NASDAQ:BITF) released its quarterly earnings data on Wednesday, May, 14th. The company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The company earned $66.85 million during the quarter, compared to the consensus estimate of $67.17 million. Bitfarms had a negative net margin of 40.09% and a negative trailing twelve-month return on equity of 12.70%.
Read the conference call transcript.

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.

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), NVIDIA (NVDA), Marathon Digital (MARA), Riot Platforms (RIOT), Advanced Micro Devices (AMD) and Energy Transfer (ET).

Company Calendar

• Last Earnings: 5/14/2025
• Today: 7/08/2025
• Next Earnings (Estimated): 8/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Technology Services
• Sub-Industry: Banking
• Current Symbol: NASDAQ:BITF
• CIK: 1812477
• Web: www.bitfarms.com
• Phone: 64-7259-1790
• Fax: N/A
• Employees: 110
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Bitfarms: $4.44
• High Price Target: $6.00
• Low Price Target: $3.25
• Potential Upside/Downside: +330.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.19)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: -40.09%
• Pretax Margin: -41.23%
• Return on Equity: -12.70%
• Return on Assets: -11.18%

Debt

• Debt-to-Equity Ratio: 0.03
• Current Ratio: 2.64
• Quick Ratio: 2.58

Sales & Book Value

• Annual Sales: $192.88 million
• Price / Sales: 2.97
• Cash Flow: $0.18 per share
• Price / Cash Flow: 5.70
• Book Value: $1.34 per share
• Price / Book: 0.77

Miscellaneous

• Outstanding Shares: 555,960,000
• Free Float: 503,146,000
• Market Cap: $572.64 million
• Optionable: Optionable
• Beta: 3.45