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Bitfarms Ltd (BITF)

NASDAQ
Currency in USD
Disclaimer
1.910
+0.060(+3.24%)
Closed
After Hours
1.9100.000(0.00%)
BITF Scorecard
Full Analysis
Holds more cash than debt on its balance sheet
Fair Value
Day's Range
1.8501.955
52 wk Range
0.9763.910
Prev. Close
1.85
Open
1.95
Day's Range
1.85-1.955
52 wk Range
0.976-3.91
Volume
20,140,999
Average Volume (3m)
17,902,293
1-Year Change
95.42%
Book Value / Share
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Fair Value
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Fair Value Upside
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BITF Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
5.180
Upside
+104.743%
Members' Sentiments
Bearish
Bullish
ProTips
Analysts anticipate sales growth in the current year
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InvestingPro Research for Bitfarms Ltd


Strategic Expansion
Bitfarms' acquisition of Stronghold Digital Mining set to triple capacity to 955 MW, marking a significant leap in operational scale and market position
Power Play
Delve into Bitfarms' foray into power generation and energy trading, diversifying revenue streams and potentially hedging against crypto market volatility
Competitive Dynamics
Explore the implications of RIOT Platforms' rejected takeover attempt and subsequent 10% stake acquisition in Bitfarms, introducing governance uncertainties
Market Outlook
Analyst targets range from $2.30 to $4.00, reflecting varied perspectives on Bitfarms' growth potential amid industry challenges and opportunities

Bitfarms Ltd Company Profile

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.

Compare BITF to Peers and Sector

Metrics to compare
BITF
Peers
Sector
Relationship
P/E Ratio
−7.8x−2.1x11.3x
PEG Ratio
1.19−0.030.01
Price/Book
1.8x1.4x2.4x
Price / LTM Sales
4.8x2.6x2.1x
Upside (Analyst Target)
109.4%80.2%22.8%
Fair Value Upside
Unlock18.4%5.5%Unlock

FAQ

What Is the Bitfarms (BITF) Stock Price Today?

The Bitfarms stock price today is 1.91.

What Stock Exchange Does Bitfarms Trade On?

Bitfarms is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Bitfarms?

The stock symbol for Bitfarms is "BITF."

What Is the Bitfarms Market Cap?

As of today, Bitfarms market cap is 862.84M.

What is Bitfarms Earnings Per Share?

The Bitfarms EPS is -0.324.

What Is the Next Bitfarms Earnings Date?

Bitfarms will release its next earnings report on 27 Nov 2024.
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