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Home CompaniesBitfarms Ltd

Bitfarms Ltd

Financial Services Capital Markets
PortfolioPortfolio WatchlistWatchlist
Company price
2.11 USD 0.13 ( 6.57%)
Last update at 2026-04-08T13:30:00Z
VOLUME
39005455
Market Cap
812.82M

Momentum Score

…

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 formerly known as Bitfarms Technologies Ltd and changed its name to Bitfarms Ltd. in October 2018. The company was founded in 2017 and is based in Toronto, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
2.06
Low
2.18
High
52 Week Price Range
1.47
Low
3.91
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
1.98
Dividend Yield
-
Revenue TTM
182.96M
Revenue Per Share
0.49
Gross Profit TTM
-31.99M
Debt / Equity
0.07
ROE
-31.07%
Net Debt
-64.17M
ROCE
-91.75%
Diluted EPS TTM
-0.38

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -256.46M 42.64M -16.12M -0.48M -18.18M
Minority interest - - 0.00M 0.79M 5.21M
Net income -239.05M 22.13M -16.29M 2.11M -9.36M
Selling general administrative 51.51M 43.24M 3.35M 4.18M 8.54M
Selling and marketing expenses 0.33M 0.17M 0.04M 0.11M 0.27M
Gross profit -140.29M 110.83M -1.90M 5.44M 10.88M
Reconciled depreciation 72.42M 24.48M 11.49M 6.84M 12.55M
Ebit -284.02M 37.35M -9.31M 2.56M 2.06M
Ebitda -95.24M 61.82M 2.18M 9.41M 14.61M
Depreciation and amortization 188.78M 24.48M 11.49M 6.84M 12.55M
Operating income -284.02M 37.35M -9.31M 2.56M -18.00M
Other operating expenses 181.25M 106.47M 40.08M 31.28M 31.74M
Interest expense 14.22M 3.42M 6.10M 3.27M 0.18M
Tax provision -17.41M 20.51M 0.17M -2.59M 0.06M
Net interest income 27.56M -23.86M -10.12M -1.85M -0.18M
Income tax expense -17.41M 20.51M 0.17M -2.59M 0.06M
Total revenue -8.38M 169.20M 34.79M 32.42M 33.80M
Total operating expenses 49.34M 48.10M 3.39M 4.29M 8.81M
Cost of revenue 131.91M 58.37M 36.69M 26.98M 22.93M
Total other income expense net 27.56M 5.29M -6.81M -3.05M -20.06M
Net income from continuing ops -239.05M 22.13M -16.29M 2.11M -18.24M
Net income applicable to common shares -239.05M 22.13M -16.29M 2.90M -9.36M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 378.73M 376.79M 343.10M 542.59M 51.70M
Intangible assets 3.70M 3.70M 0.03M 1.68M 0.38M
Other current assets 44.53M 9.02M 16.29M 91.56M 1.65M
Total liab 83.96M 83.53M 87.53M 120.00M 36.26M
Total stockholder equity 294.76M 293.25M 255.57M 422.58M 15.45M
Other current liab 52.09M 51.82M 7.64M 16.70M 4.67M
Common stock 530.12M 527.41M 429.12M 378.89M 32.00M
Capital stock - 530.12M 429.12M 378.89M 32.00M
Retained earnings -294.92M -293.42M -239.06M -0.01M -22.14M
Other liab - - 1.98M 8.69M 0.21M
Good will - 0.00M 0.00M 16.95M -
Other assets - 0.00M 38.19M 90.58M 0.97M
Cash 84.04M 83.61M 30.81M 125.27M 5.95M
Total current liabilities 69.15M 68.80M 67.24M 101.18M 28.48M
Current deferred revenue - 1.10M - - 0.95M
Net debt -64.17M -63.84M 34.20M -40.53M 22.42M
Short term debt 6.88M 6.84M 46.70M 74.61M 20.80M
Short long term debt - 4.02M 43.05M 70.26M 17.17M
Short long term debt total 19.87M 19.77M 65.01M 84.74M 28.37M
Other stockholder equity 56.62M 56.33M - - -
Property plant equipment - - 235.79M 146.25M 41.19M
Total current assets 129.98M 129.32M 69.09M 287.13M 9.17M
Net tangible assets - - 255.53M 403.95M 15.07M
Short term investments 31.87M 33.80M 4.63M 66.03M -
Net receivables 0.71M 2.20M 16.77M 3.71M 1.40M
Long term debt - - 4.09M 0.91M 0.17M
Inventory 0.70M 0.70M 0.59M 0.55M 0.17M
Accounts payable 9.08M 9.03M 12.90M 9.87M 2.06M
Accumulated other comprehensive income 2.94M 2.93M 65.51M 43.70M 5.59M
Non currrent assets other 44.71M 44.47M 5.96M 3.62M 0.94M
Non current assets total 248.74M 247.47M 274.01M 255.46M 42.54M
Capital lease obligations - 15.85M 17.86M 13.57M 11.02M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -155.01M -215.15M -3.60M -22.36M -21.68M
Change to liabilities 0.09M 9.24M 0.11M -0.02M -0.11M
Total cashflows from investing activities -155.01M -215.15M -3.60M -22.36M -22.08M
Net borrowings -30.10M 49.49M -1.87M 12.94M 1.39M
Total cash from financing activities 24.01M 371.99M 0.18M 17.97M 4.33M
Change to operating activities -4.38M -5.32M 1.10M -1.26M -0.12M
Net income -239.05M 22.13M -16.29M 2.11M -18.24M
Change in cash -94.71M 119.65M 3.79M 1.61M -3.97M
Begin period cash flow 125.59M 5.95M 2.16M 0.55M 4.52M
End period cash flow 30.89M 125.59M 5.95M 2.16M 0.55M
Total cash from operating activities 36.25M -37.17M 7.22M 6.02M 13.36M
Issuance of capital stock 54.09M 259.17M 0.05M 4.94M 2.94M
Depreciation 72.42M 24.48M 11.49M 6.84M 12.55M
Other cashflows from investing activities -22.18M -22.18M -22.18M -22.18M -
Change to inventory - -0.38M -0.03M -0.01M 0.41M
Change to account receivables 0.43M 0.06M 0.01M -0.00M -0.34M
Other cashflows from financing activities 107.22M 137.54M 2.08M 14.76M 1.89M
Change to netincome 206.86M -99.17M 8.78M -0.70M 10.74M
Capital expenditures 194.98M 193.26M 4.48M 23.78M 22.39M
Change in working capital -3.98M 15.39M 3.24M -3.03M -1.09M
Stock based compensation 21.79M 22.59M 2.20M 2.87M 19.09M
Other non cash items 217.44M -130.59M 5.14M -1.17M 1.75M
Free cash flow -158.73M -230.43M 2.74M -17.76M -9.03M

Peer Comparison*

Sector: Financial Services Industry: Capital Markets

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
BITF
Bitfarms Ltd		 0.13
6.57%		 2.11 - 84.03 4.44 1.55 3.73 41.49
GS
Goldman Sachs Group Inc		 -3.13
0.36%		 865.82 17.21 16.00 4.47 2.26 11.15 -
SCHW
Charles Schwab Corp		 -1.09
1.18%		 91.49 19.53 13.89 7.16 4.22 8.80 -
MS
Morgan Stanley		 -1.00
0.55%		 181.44 16.50 13.76 2.80 1.65 - -
IBKR
Interactive Brokers Group Inc		 -
-%		 75.82 35.95 27.93 22.14 6.96 3.01 3.37

Profile*

Bitfarms Ltd

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 formerly known as Bitfarms Technologies Ltd and changed its name to Bitfarms Ltd. in October 2018. The company was founded in 2017 and is based in Toronto, Canada.

110 Yonge Street, Toronto, ON, Canada, M5C 1C4

647 259 1790

https://www.bitfarms.com

170

Name Title Year Born
Mr. Nicolas Bonta Founder & Exec. Chairman 1975
Mr. Emiliano Joel Grodzki Founder, CEO & Director 1976
Mr. L. Geoffrey Morphy Pres & COO NA
Mr. Jeffrey P. Lucas Chief Financial Officer 1960
Mr. Benjamin Gagnon Chief Mining Officer NA
Mr. Marc-Andre Ammann VP Fin. & Accounting NA
Ms. Sonia Tercas Director of Investor Relations NA
Ms. Stephanie Wargo VP of Marketing & Communications NA
Mr. Philippe Fortier VP of Corp. Devel. NA
Ms. Andrea Keen Souza Vice-Pres of HR NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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