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Last update at 2025-07-11T16:42:00Z
Source: TradingView
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| 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 | -256.46200M | 42.64M | -16.11700M | -0.48400M | -18.17700M |
| Minority interest | - | - | 0.00000M | 0.79M | 8.87M |
| Net income | -239.05000M | 22.13M | -16.28900M | 2.11M | -9.36300M |
| 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 | -140.29200M | 110.83M | -1.90300M | 5.44M | 10.88M |
| Reconciled depreciation | 72.42M | 24.48M | 11.49M | 6.84M | 12.55M |
| Ebit | -284.02200M | 37.35M | -9.30600M | 2.56M | -9.12500M |
| Ebitda | -95.24200M | 61.82M | 2.18M | 9.41M | 3.42M |
| Depreciation and amortization | 188.78M | 24.48M | 11.49M | 6.84M | 12.55M |
| Non operating income net other | - | - | - | - | - |
| Operating income | -284.02200M | 37.35M | -9.30600M | 2.56M | -17.99800M |
| 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 | -17.41200M | 20.51M | 0.17M | -2.59100M | 0.06M |
| Interest income | 34.48M | 2.08M | 5.32M | 1.22M | 0.18M |
| Net interest income | 27.56M | -23.86400M | -10.12100M | -1.84900M | -0.17900M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | -17.41200M | 20.51M | 0.17M | -2.59100M | 0.06M |
| Total revenue | -8.38200M | 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 | -6.81100M | -3.04800M | -0.17900M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | -239.05000M | 22.13M | -16.28900M | 2.11M | -18.23600M |
| Net income applicable to common shares | -239.05000M | 22.13M | -16.28900M | 2.90M | -9.36300M |
| Preferred stock and other adjustments | - | - | - | - | - |
| 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 | 667.62M | 378.73M | 343.10M | 542.59M | 51.70M |
| Intangible assets | 4.04M | 3.70M | 0.03M | 1.68M | 0.38M |
| Earning assets | - | - | - | - | - |
| Other current assets | - | 11.16M | 16.29M | 91.56M | 1.65M |
| Total liab | 59.62M | 83.96M | 87.53M | 120.00M | 36.26M |
| Total stockholder equity | 608.00M | 294.76M | 255.57M | 422.58M | 15.45M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | 8.14M | 40.43M | 7.64M | 16.70M | 5.62M |
| Common stock | - | 530.12M | 429.12M | 378.89M | 32.00M |
| Capital stock | 852.29M | 530.12M | 429.12M | 378.89M | 32.00M |
| Retained earnings | -334.50700M | -294.92400M | -239.06500M | -0.01500M | -22.14500M |
| Other liab | - | - | 1.98M | 8.69M | 0.21M |
| Good will | - | 0.00000M | 0.00000M | 16.95M | - |
| Other assets | - | - | 38.19M | 90.58M | 0.97M |
| Cash | 59.54M | 84.04M | 30.81M | 125.27M | 5.95M |
| Cash and equivalents | - | - | - | 125.59M | 5.95M |
| Total current liabilities | 36.27M | 69.15M | 67.24M | 101.18M | 28.48M |
| Current deferred revenue | - | 12.77M | - | - | 0.95M |
| Net debt | - | -64.16600M | 34.20M | -40.53100M | 22.42M |
| Short term debt | - | 6.88M | 46.70M | 74.61M | 20.80M |
| Short long term debt | 0.15M | 4.02M | 43.05M | 70.26M | 17.17M |
| Short long term debt total | - | 19.87M | 65.01M | 84.74M | 28.37M |
| Other stockholder equity | - | 56.62M | - | - | - |
| Property plant equipment | - | - | 235.79M | 146.25M | 41.19M |
| Total current assets | 213.71M | 129.98M | 69.09M | 287.13M | 9.17M |
| Long term investments | - | - | - | - | - |
| Net tangible assets | - | - | 255.53M | 403.95M | 15.07M |
| Short term investments | 87.30M | 31.87M | 4.63M | 66.03M | - |
| Net receivables | 1.26M | 2.21M | 16.77M | 3.71M | 1.40M |
| Long term debt | 1.43M | - | 4.09M | 0.91M | 0.17M |
| Inventory | 1.18M | 0.70M | 0.59M | 0.55M | 0.17M |
| Accounts payable | 21.91M | 9.08M | 12.90M | 9.87M | 2.06M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | - | 2.94M | 65.51M | 43.70M | 5.59M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | - | - |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | - | 4.90M | 5.96M | 3.62M | 0.94M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 453.91M | 248.74M | 274.01M | 255.46M | 42.54M |
| Capital lease obligations | 21.84M | 15.85M | 17.86M | 13.57M | 11.02M |
| Long term debt total | - | - | - | 10.14M | 7.57M |
| 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 | -155.01100M | -215.14700M | -3.60500M | -22.36400M | -21.67800M |
| Change to liabilities | 0.09M | 9.24M | 0.11M | -0.01600M | -0.10700M |
| Total cashflows from investing activities | -155.01100M | -215.14700M | -3.60500M | -22.36400M | -22.07700M |
| Net borrowings | -30.09700M | 49.49M | -1.86600M | 12.94M | 1.39M |
| Total cash from financing activities | 24.01M | 371.99M | 0.18M | 17.97M | 4.33M |
| Change to operating activities | -4.37500M | -5.31600M | 1.10M | -1.26000M | -0.12400M |
| Net income | -239.05000M | 22.13M | -16.28900M | 2.11M | -18.23600M |
| Change in cash | -94.70800M | 119.65M | 3.79M | 1.61M | -3.96600M |
| 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 | -37.17000M | 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 | 39.97M | -21.89100M | 0.88M | 1.41M | 0.71M |
| Dividends paid | - | - | - | - | - |
| Change to inventory | - | -0.37900M | -0.03400M | -0.00500M | 0.41M |
| Change to account receivables | 0.43M | 0.06M | 0.00500M | -0.00200M | -0.33800M |
| Sale purchase of stock | 54.11M | 322.49M | 2.05M | 5.04M | 2.94M |
| Other cashflows from financing activities | 107.22M | 137.54M | 2.08M | 14.76M | 1.89M |
| Change to netincome | 206.86M | -99.16600M | 8.78M | -0.69600M | 10.74M |
| Capital expenditures | 194.98M | 193.26M | 4.48M | 23.78M | 22.39M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | -3.97800M | 15.39M | 3.24M | -3.02600M | -1.08800M |
| Stock based compensation | 21.79M | 22.59M | 2.20M | 2.87M | - |
| Other non cash items | 217.44M | -130.59300M | 6.58M | -1.17200M | 20.84M |
| Free cash flow | -158.72800M | -230.42600M | 2.74M | -17.75800M | -9.03000M |
Sector: Financial Services Industry: Capital Markets
| Company | Change (CAD) | Price (CAD) | 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 |
0.02 1.36% | 1.49 | - | 84.03 | 2.95 | 0.68 | 1.63 | 7.23 |
| GLXY Galaxy Digital Holdings Ltd |
0.68 2.43% | 28.62 | 35.62 | 166.67 | 34.67 | 2.52 | 47.61 | 12.68 |
| HUT Hut 8 Mining Corp |
0.13 0.43% | 30.28 | - | 27.62 | 18.63 | 1.87 | 8.02 | 17.20 |
| CF Canaccord Genuity Group Inc |
-0.17 1.54% | 10.89 | - | 11.14 | 0.61 | 1.28 | 0.03 | 0.19 |
| PNP Pinetree Capital Ltd |
0.36 2.19% | 16.80 | 4.94 | - | 4.76 | 1.72 | 4.58 |
Bitfarms Ltd. operates integrated bitcoin data centers in Canada, the United States, Paraguay, and Argentina. It primarily owns and operates data centers housing computers to validate transactions on the bitcoin blockchain, as well as sells computational power used for hashing calculations for cryptocurrency mining in multiple jurisdictions. 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
| 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 |
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