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

01:45pm - Needham Technology, Media, & Consumer Conference

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

1.601 USD

Average target price

4.724 USD

Spread / Average Target

+195.14%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Cryptocurrency Mining

	1st Jan change	Capi.
BITFARMS LTD.	-42.86%	601M
MARATHON DIGITAL HOLDINGS, INC.	-22.60%	4.71B
CLEANSPARK, INC.	+44.74%	3.54B
PHOENIX GROUP PLC	-8.04%	3.46B
RIOT PLATFORMS, INC.	-36.43%	2.74B
CIPHER MINING INC.	-5.45%	1.15B
HUT 8 CORP.	-40.48%	704M
TERAWULF INC.	-14.17%	677M
BITDEER TECHNOLOGIES GROUP	-44.32%	647M
BITFUFU INC.	-73.23%	482M

Cryptocurrency Mining

Delayed Toronto S.E. Other stock markets 16:58:37 14/05/2024 BST			5-day change	1st Jan Change
2.195 ^CAD	+0.23%		-13.04%	-42.86%

03:39pm	Bitfarms Doubles Power Capacity to 200 MW at Paraguay Site	MT
02:00pm	Bitfarms Down 3.1% In US Premarket Although Says Doubled Yguazu Power Capacity to 200 MW with Additional 100 MW of Hydropower in Paraguay	MT

Bitfarms Doubles Power Capacity to 200 MW at Paraguay Site	02:39pm	MT
Bitfarms Down 3.1% In US Premarket Although Says Doubled Yguazu Power Capacity to 200 MW with Additional 100 MW of Hydropower in Paraguay	01:00pm	MT
Bitfarms Brief: Says Doubled Yguazu Power Capacity to 200 MW with Additional 100 MW of Hydropower in Paraguay	12:18pm	MT
Sector Update: Financial Stocks Decline Late Afternoon	05-13	MT
Sector Update: Financial Stocks Ease Monday Afternoon	05-13	MT
Bitfarms Terminates CEO Geoffrey Morphy Following Lawsuit Against Company	05-13	MT
TSX moves higher on consumer staples boost	05-13	RE
Bitfarms Accelerates Previously Announced CEO Termination, Reschedules Q1 Report to May 15	05-13	MT
Bitfarms Brief: Reschedules First Quarter Conference Call To May 15	05-13	MT
Bitfarms Brief: Announcing Acceleration of Previously Announced Termination of CEO and Provides Update on New CEO Appointment	05-13	MT
TSX closes at 3-week high as rate cut hopes renew	05-06	RE
TSX jumps to 3-week high as rate cut bets revive	05-06	RE
Bitfarms Down 3.7% as it Reports a Decline in Bitcoin Production in April	05-01	MT
Bitfarms Reports Decline in Bitcoin Production in April	05-01	MT
Bitfarms Brief: Says Tracking to 21 EH/s and 21 w/TH in 2024 with "Transformative" fleet upgrade; Expects VAT Refund from Canada of US$23.7 Million	05-01	MT
Bitfarms Brief: Providing April 2024 Production and Operations Update; Says Earned 269 BTC in April 2024; Adds It Improves corporate energy efficiency 9% to 31 w/TH	05-01	MT
Bitfarms Ltd. Reports Production Results for the Month and Year to Date Ended April 2024	05-01	CI
TSX claws back some April declines as sentiment improves	04-22	RE
TSX flat as broader gains offset materials weakness	04-22	RE
Bitfarms Down 3.1% In US Premarket As Completes Bitcoin Mining Fleet Upgrade at Garlock, Farnham Facilities	04-12	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	04-12	MT
Bitfarms Ltd. Reaches 7 EH/s with Completion of Fleet Upgrade At Garlock and Farnham Facilities	04-12	CI
Bitfarms Up More Than 2% In US Premarket Although March Bitcoin Production Slipped on Lower Power Availability; Provided Operations Update	04-01	MT
Bitfarms Brief: Citing Upgrade and expansion plan, targeting 21 EH/s and 21w/TH in 2024, underway with T21 deliveries and installations	04-01	MT
Bitfarms Brief: Announcing March 2024 Production and Operations Update; Company Says Earned 286 BTC in March 2024	04-01	MT