TSE:BITF Bitfarms (BITF) Stock Price, News & Analysis C$2.59 -0.11 (-4.07%) (As of 11/1/2024 05:18 PM ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsHeadlinesInsider Trades About Bitfarms Stock (TSE: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 RangeC$2.58▼C$2.8050-Day RangeC$2.43▼C$3.1952-Week RangeC$1.37▼C$5.25Volume3.15 million shsAverage Volume3.68 million shsMarket CapitalizationC$1.17 billionP/E RatioN/ADividend YieldN/APrice TargetC$7.50Consensus RatingBuy 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… True paradigm shift (Ad)I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was. Because here we are, a quarter of a century later, almost to the exact day, and it’s happening again. Here’s the full story for you. Bitfarms Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks47th Percentile Overall ScoreBITF MarketRank™: Bitfarms scored higher than 47% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.5 / 5Analyst RatingBuy Consensus RatingBitfarms has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Amount of Analyst CoverageBitfarms has received no research coverage in the past 90 days.Read more about Bitfarms' stock forecast and price target. Earnings and Valuation0.0 / 5Proj. Earnings GrowthN/A Price to Earnings Ratio vs. the MarketThe P/E ratio of Bitfarms is -5.18, 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 -5.18, 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 2.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Short InterestN/AShort Interest LevelN/A Short InterestThere is no current short interest data available for BITF. 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 Short InterestThere is no current short interest data available for BITF. News and Social Media1.8 / 5News Sentiment0.21 News SentimentBitfarms has a news sentiment score of 0.21. 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 0.41 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Bitfarms this week, compared to 2 articles on an average week.Search InterestOnly 8 people have searched for BITF on MarketBeat in the last 30 days. This is a decrease of -56% compared to the previous 30 days. Company Ownership3.3 / 5Insider TradingAcquiring Shares Insider Buying vs. Insider SellingIn the past three months, Bitfarms insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$86,456.00 in company stock and sold C$0.00 in company stock.Percentage Held by Insiders23.38% of the stock of Bitfarms is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 20.18% 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 Expands U.S. Operations with Stronghold DealOctober 31 at 1:54 PM | markets.businessinsider.comBitfarms names top Bitcoin attorney as U.S. general counselOctober 28, 2024 | msn.comWe 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…November 2, 2024 | Porter & Company (Ad)Bitfarms appoints Silverstein as U.S. General CounselOctober 28, 2024 | markets.businessinsider.comBitfarms Ltd (BITF) Q2 2024 Earnings Call Highlights: Navigating Challenges and Exploring New ...October 9, 2024 | finance.yahoo.comNorthland Securities Remains a Buy on Bitfarms (BITF)September 24, 2024 | markets.businessinsider.comStifel Nicolaus Remains a Hold on Bitfarms (BITF)September 24, 2024 | markets.businessinsider.comBitfarms’ Positive Revaluation and Growth Outlook Post-Settlement with Riot PlatformsSeptember 23, 2024 | markets.businessinsider.comSee More Headlines BITF Stock Analysis - Frequently Asked Questions How have BITF shares performed this year? Bitfarms' stock was trading at C$3.85 on January 1st, 2024. Since then, BITF stock has decreased by 32.7% and is now trading at C$2.59. View the best growth stocks for 2024 here. How do I buy shares of Bitfarms? Shares of BITF stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.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 Arista Networks (ANET), NextEra Energy Partners (NEP), MercadoLibre (MELI), PayPal (PYPL), ASML (ASML), Enterprise Products Partners (EPD) and NVIDIA (NVDA). Industry, Sector and Symbol Stock ExchangeTSE SectorFinancial Services Industry Capital Markets Sub-IndustryBanking Current SymbolTSE:BITF CUSIPN/A CIKN/A Webwww.bitfarms.com Phone647-259-1790FaxN/AEmployees110Year FoundedN/APrice Target and Rating Average Stock Price TargetC$7.50 High Stock Price TargetC$7.50 Low Stock Price TargetC$7.50 Potential Upside/Downside+189.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)C($0.50) Trailing P/E RatioN/A Forward P/E Ratio76.36 P/E GrowthN/ANet IncomeC$-106,250,000.00 Net Margins-61.52% Pretax MarginN/A Return on Equity-28.46% Return on Assets-10.66% Debt Debt-to-Equity Ratio3.35 Current Ratio5.11 Quick Ratio0.63 Sales & Book Value Annual SalesC$172.70 million Price / Sales6.79 Cash FlowC$0.65 per share Price / Cash Flow4.00 Book ValueC$1.11 per share Price / Book2.33Miscellaneous Outstanding Shares452,860,000Free FloatN/AMarket CapC$1.17 billion OptionableNot Optionable Beta3.20 2025 Gold Forecast: A Perfect Storm for DemandUnlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.Get This Free Report This page (TSE:BITF) was last updated on 11/2/2024 by MarketBeat.com Staff From Our PartnersEx WH Advisor Who Predicted Biden Leaving Race Makes Startling New PredictionFormer advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… ...Paradigm Press | Sponsored625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | SponsoredSell NVDA Now?Guess who's selling NVDA next The most successful hedge fund in history quietly sold 500,000 shares. Here's...Chaikin Analytics | SponsoredMarket "Famine" ComingMarket Wizard Larry Benedict accurately predicted that all indexes would be negative in 2022... He predicte...Opportunistic Trader | SponsoredThe centerpiece of Trump’s crypto’s masterplan …Donald Trump wants to be America’s first crypto president. He was the keynote speaker at the recent Bitcoin...Weiss Ratings | SponsoredHow Will You Survive A Post Election Retirement Heist?The clock is ticking, and your life savings are in an extremely vulnerable position. We are a few days away...American Hartford Gold Group | SponsoredBlackrock’s Sending THIS Crypto Higher on PurposeIt's a groundbreaking opportunity that could be poised for extraordinary gains. The catalyst behind this su...Crypto 101 Media | SponsoredI was wrong. Dead wrong. I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was. Because here we...Porter & Company | 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.