Bitfarms Ltd.

BITF

CA09173B1076

Blockchain & Cryptocurrency

Delayed Toronto S.E. Other stock markets 20:18:59 13/09/2024 BST			5-day change	1st Jan Change
2.760 ^CAD	0.00%		+12.65%	-28.31%

05:08pm	Bitfarms Signs Miner Hosting Agreement with Stronghold Digital Mining	MT
05:05pm	Bitfarms Signs Deal With Stronghold Digital Mining's Unit to Deploy Bitmain T21 Miners in Pennsylvania	MT

Bitfarms Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024

August 08, 2024 at 12:12 pm

Bitfarms Ltd. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was USD 41.55 million compared to USD 35.48 million a year ago. Net loss was USD 26.6 million compared to USD 26.08 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.11 a year ago.
For the six months, sales was USD 91.87 million compared to USD 65.53 million a year ago. Net loss was USD 32.58 million compared to USD 30.37 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.13 a year ago.

Latest news about Bitfarms Ltd.

Bitfarms Signs Miner Hosting Agreement with Stronghold Digital Mining	04:08pm	MT
Bitfarms Signs Deal With Stronghold Digital Mining's Unit to Deploy Bitmain T21 Miners in Pennsylvania	04:05pm	MT
Bitfarms Ltd. Enters into 10,000 Miner Hosting Agreement with Stold Digital Mining	03:23pm	CI
US crypto stocks fall on rising bets of Harris win after presidential debate	09-11	RE
Bitfarms Splits Mining Operations, Appoints New Heads	09-10	MT
Bitfarms Up 0.5% in U.S. Premarket As Makes Changes to Operations Team, Separates Mining Operations	09-10	MT
Bitfarms Ltd. Announces Executive Changes	09-10	CI
Bitfarms Brief: Separating Mining Operations into two divisions, Infrastructure and Mining Operations	09-10	MT
Bitfarms Brief: Promoting Benoit Gobeil to Chief Infrastructure Officer	09-10	MT
Bitfarms Brief: Says "Enhances" Operations Teams; Appoints Alex Brammer to Senior Vice President of Global Mining Operations	09-10	MT
Bitfarms Postpones Special Shareholders Meeting to Nov. 6	09-09	MT
Bitfarms Reschedules Special Meeting of Shareholders	09-09	CI
Bitfarms Brief: Adds Meeting Also Rescheduled To Provide Shareholders with "Sufficient" time to evaluate Information relevant to this voting decision regarding the future of their investment in Bitfarms	09-09	MT
Bitfarms Brief: Says Special Meeting Rescheduled to provide the Bitfarms Special Committee "Adequate" time to review and respond to Riot's Amended Requisition	09-09	MT
Bitfarms Brief: Adds Special Meeting has been called in response to a requisition made by Riot Platforms, Inc. on June 24, 2024 and amended on September 3, 2024	09-09	MT
Bitfarms Brief: Says Has rescheduled the Special Meeting of shareholders from October 29, 2024 to November 6, 2024	09-09	MT
Bitfarms Rebuffs Activist Investor Riot Platforms' Mismanagement Claims	09-04	MT
Bitfarms Issuing Statement to "Address Misleading Claims" from Riot	09-04	MT
Bitfarms Brief: Issuing Statement to Address Misleading Claims from Riot	09-04	MT
Riot Platforms Inc Sends a Letter to the Shareholders of Bitfarms Ltd	09-03	CI
Bitfarms Falls 5.8% as August Production Drops; Faces Proxy Battle With Its Largest Shareholder	09-03	MT
Bitfarms' August Bitcoin Production Decreases from Prior Month	09-03	MT
Bitfarms August Production Drops; Shareholder Riot Platforms Issues Open Letter Ahead of Special Meeting Calling for Changes	09-03	MT
Riot Platforms Calls for Board Changes at Bitfarms	09-03	MT
Bitfarms Brief: Providing August 2024 Production and Operations Update	09-03	MT

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Company Profile

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.

Employees

170

Sector

Blockchain & Cryptocurrency

Calendar

20/10/2024 - AIM Summit

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