Bitfarms (BITF) Stock Price, News & Analysis

Company Overview

Bitfarms Ltd. is a publicly traded, vertically integrated Bitcoin mining company listed on the NASDAQ under the ticker BITF. The company engages in the large-scale operation of cryptocurrency mining farms, leveraging specialized computing hardware to validate and secure the Bitcoin blockchain. By converting electrical energy into computing power, Bitfarms plays a critical role in processing transactions on the Bitcoin network and earning mining rewards.

Bitfarms operates data centers in several jurisdictions with access to low-cost, primarily renewable energy sources. Its facilities are located in Canada, Uruguay and Argentina, where the company has entered into power agreements that help manage energy costs and promote sustainability. The geographic diversification of its mining sites provides resilience against local regulatory shifts and power supply fluctuations, while maximizing uptime and hashing efficiency.

Founded in 2017, Bitfarms has grown from a single mining site into a global operator with a robust infrastructure footprint. The company continually invests in the latest ASIC (application-specific integrated circuit) mining rigs and proprietary mining software to optimize performance and energy use. This focus on technological advancement and operational excellence underpins its strategy to maintain a competitive cost of production in the evolving cryptocurrency mining industry.

Emiliano Grodzki serves as Chief Executive Officer and is supported by a leadership team experienced in energy management, finance and blockchain technology. Under this leadership, Bitfarms emphasizes transparency in reporting operational metrics, environmental responsibility and disciplined capital allocation. The company’s long-term vision centers on scaling its hash rate capacity while adhering to sustainable practices and seeking further expansion opportunities in regions with renewable energy resources.

Key Stats

• Today's Range: $1.23 to $1.31
• 50-Day Range: $0.84 to $1.38
• 52-Week Range: $0.67 to $2.76
• Volume: 17.86 million shs
• Average Volume: 24.49 million shs
• Market Capitalization: $717.43 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 52% of companies evaluated by MarketBeat, and ranked 156th out of 308 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: 3.7 / 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.

Upside Potential

Bitfarms has a consensus price target of $3.95, representing about 206.2% upside from its current price of $1.29.

Amount of Analyst Coverage

Bitfarms has only been the subject of 1 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 -7.59, 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 -7.59, 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 0.96. 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

8.60% 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, 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 1.21%, 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

8.60% 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, 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 1.21%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.62

News Sentiment

Bitfarms has a news sentiment score of 0.62. 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 0.77 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Bitfarms this week, compared to 12 articles on an average week.

Search Interest

43 people have searched for BITF on MarketBeat in the last 30 days. This is an increase of 48% compared to the previous 30 days.

MarketBeat Follows

14 people have added Bitfarms to their MarketBeat watchlist in the last 30 days. This is an increase of 27% 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 13.4% and is now trading at $1.29.

How were Bitfarms' earnings last quarter?

Bitfarms Ltd. (NASDAQ:BITF) announced its quarterly earnings data on Tuesday, August, 12th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.01. The firm earned $77.80 million during the quarter, compared to analyst estimates of $79.78 million. Bitfarms had a negative net margin of 35.09% and a negative trailing twelve-month return on equity of 9.86%.
Read the conference call transcript.

Who are Bitfarms' major shareholders?

Bitfarms' top institutional investors include Invesco Ltd. (2.37%), Vident Advisory LLC (2.04%), MMCAP International Inc. SPC (1.18%) and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. (0.93%).

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: 8/12/2025
• Today: 9/06/2025
• Next Earnings (Estimated): 11/12/2025
• 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: +206.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.17)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: -35.09%
• Pretax Margin: -40.27%
• Return on Equity: -9.86%
• Return on Assets: -8.44%

Debt

• Debt-to-Equity Ratio: 0.11
• Current Ratio: 3.11
• Quick Ratio: 3.03

Sales & Book Value

• Annual Sales: $192.88 million
• Price / Sales: 3.72
• Cash Flow: $0.19 per share
• Price / Cash Flow: 6.91
• Book Value: $1.34 per share
• Price / Book: 0.96

Miscellaneous

• Outstanding Shares: 556,150,000
• Free Float: 503,318,000
• Market Cap: $717.43 million
• Optionable: Optionable
• Beta: 3.50