Bitfarms (BITF) Stock Price, News & Analysis

Company Overview

Bitfarms 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.

Key Stats

• Today's Range: $1.15 to $1.23
• 50-Day Range: $0.75 to $1.32
• 52-Week Range: $0.67 to $2.76
• Volume: 33.56 million shs
• Average Volume: 25.88 million shs
• Market Capitalization: $646.76 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $3.95
• Consensus Rating: Buy

Bitfarms Stock Analysis - MarketRank™

Bitfarms scored higher than 44% of companies evaluated by MarketBeat, and ranked 201st out of 305 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 5 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Bitfarms has only been the subject of 3 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 -6.11, 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 -6.11, 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 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

8.00% 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 2.1, 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 4.40%, indicating that investor sentiment is improving.

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

8.00% 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 2.1, 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 4.40%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 4 news articles for Bitfarms this week, compared to 8 articles on an average week.

Search Interest

32 people have searched for BITF on MarketBeat in the last 30 days. This is an increase of 113% compared to the previous 30 days.

MarketBeat Follows

13 people have added Bitfarms to their MarketBeat watchlist in the last 30 days. This is an increase of 225% 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 22.1% and is now trading at $1.16.

How were Bitfarms' earnings last quarter?

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

Who are Bitfarms' major shareholders?

Bitfarms' top institutional investors include TD Asset Management Inc (0.10%), Wealth Enhancement Advisory Services LLC (0.05%), Chicago Partners Investment Group LLC (0.03%) and Public Employees Retirement System of Ohio (0.03%).

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: 8/01/2025
• Next Earnings (Estimated): 8/12/2025
• 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: $3.95
• High Price Target: $6.00
• Low Price Target: $2.00
• Potential Upside/Downside: +240.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 5 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: $209.41 million
• Price / Sales: 3.09
• Cash Flow: $0.17 per share
• Price / Cash Flow: 6.97
• Book Value: $1.34 per share
• Price / Book: 0.87

Miscellaneous

• Outstanding Shares: 557,549,000
• Free Float: 504,582,000
• Market Cap: $646.76 million
• Optionable: Optionable
• Beta: 3.45