Bitfarms Ltd.

BITF

CA09173B1076

Bitfarms Ltd. is a Canada-based global vertically integrated bitcoin mining company. The Company develops, owns, and operates vertically integrated mining farms with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Companyâs proprietary data analytics system delivers operational performance and uptime. The Company operates through the cryptocurrency mining segment. The Company operates server farms comprised of computers (Miners) designed for the purpose of validating transactions on the Bitcoin (BTC) Blockchain (Mining). The Company also operates Miners about 24 hours a day producing computational power (measured by hashrate) which it sells to Mining Pools under a formula-driven rate commonly known as Full Pay Per Share (FPPS). The Company has 11 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.

Sector

Blockchain & Cryptocurrency

Calendar

2024-04-21 - Bitcoin Energy Summit

More about the company

Income Statement Evolution

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Ratings for Bitfarms Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.62

Average target price

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Cryptocurrency Mining

	1st Jan change	Capi.
BITFARMS LTD.	-31.95%	679M
MARATHON DIGITAL HOLDINGS, INC.	-36.02%	4.02B
PHOENIX GROUP PLC	-6.70%	3.44B
CLEANSPARK, INC.	+47.14%	3.66B
RIOT PLATFORMS, INC.	-46.41%	2.1B
CIPHER MINING INC.	-10.90%	1.07B
HUT 8 CORP.	-40.93%	703M
BITDEER TECHNOLOGIES GROUP	-42.29%	658M
TERAWULF INC.	-11.25%	644M
BITFUFU INC.	-72.50%	489M

Cryptocurrency Mining

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-18 pm EDT			5-day change	1st Jan Change
2.62 ^CAD	+6.07%		0.00%	-31.95%

Apr. 12	Bitfarms Down 3.1% In US Premarket As Completes Bitcoin Mining Fleet Upgrade at Garlock, Farnham Facilities	MT
Apr. 12	Bitfarms Brief: Says Reached 7 EH/s with Completion of Fleet Upgrade at Garlock and Farnham Facilities; Corporate energy efficiency improves 9% to 31 w/TH	MT

Bitfarms Down 3.1% In US Premarket As Completes Bitcoin Mining Fleet Upgrade at Garlock, Farnham Facilities	Apr. 12	MT
Bitfarms Brief: Says Reached 7 EH/s with Completion of Fleet Upgrade at Garlock and Farnham Facilities; Corporate energy efficiency improves 9% to 31 w/TH	Apr. 12	MT
Bitfarms Ltd. Reaches 7 EH/s with Completion of Fleet Upgrade At Garlock and Farnham Facilities	Apr. 12	CI
Bitfarms Up More Than 2% In US Premarket Although March Bitcoin Production Slipped on Lower Power Availability; Provided Operations Update	Apr. 01	MT
Bitfarms Brief: Citing Upgrade and expansion plan, targeting 21 EH/s and 21w/TH in 2024, underway with T21 deliveries and installations	Apr. 01	MT
Bitfarms Brief: Announcing March 2024 Production and Operations Update; Company Says Earned 286 BTC in March 2024	Apr. 01	MT
Bitfarms CEO to Depart; Reiterates 2024 YE Guidance of 21 EH/s, 21 w/TH; Up 1.6%	Mar. 25	MT
Toronto Stocks Advance; Taseko Mines Up on Acquisition of Remaining Stake in Gibraltar Mine	Mar. 25	DJ
Bitfarms Ltd. Announces Departure of L. Geoffrey Morphy as President and Member of its Board of Directors	Mar. 25	CI
Bitfarms CEO to Depart; Reiterates 2024 YE Guidance of 21 EH/s, 21 w/TH	Mar. 25	MT
Bitfarms Ltd. Reiterates Operating Guidance for the Year 2024	Mar. 25	CI
Bitfarms Brief: Reiterating 2024 YE guidance of 21 EH/s and 21 w/TH	Mar. 25	MT
Bitfarms Brief: Announcing CEO Transition; Geoff Morphy remains CEO while an executive search is conducted	Mar. 25	MT
Bitfarms Ltd. Announces Departure of L. Geoffrey Morphy as Chief Executive Officer	Mar. 25	CI
Energy, tech shares weigh on TSX ahead of US inflation data	Mar. 11	RE
Bitfarms Purchases Additional Miners to Reach 21 EH/s in 2024	Mar. 11	CI
Powell's Remarks Push Exchange-Traded Funds, Equity Futures Lower Pre-Bell Monday Ahead of CPI Data	Mar. 11	MT
North American Morning Briefing: Stock Futures Fall With Investor Focus on Inflation Data	Mar. 11	DJ
Bitfarms Reports US$375 Million At-the-Market Equity Offering Program	Mar. 11	MT
Bitfarms Unveils $375 Million At-The-Market Stock Sale	Mar. 11	MT
Toronto Stocks Advance; Linamar Shares Rise on 4Q Profit Beat, Dividend Hike	Mar. 07	DJ
Bitfarms Shares Decline 8.6% After Quarterly Loss Widens More Than Expected	Mar. 07	DJ
Bitfarms Reports Q4 Net Loss of US$57 Million, Total Revenue US$46 Million	Mar. 07	MT
Transcript : Bitfarms Ltd., Q4 2023 Earnings Call, Mar 07, 2024	Mar. 07
Bitfarms Brief: Q4 Net loss of US$57 million, or ($0.19) per basic and diluted share, which included a $38 million non-cash expense for revaluation of warrant liability issued in connection with 2021 and 2023 financing activities	Mar. 07	MT