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.
Mining Powerhouse | Bitfarms Ltd. emerges as a formidable player in Bitcoin mining, with ambitious expansion plans and strategic acquisitions reshaping its market position |
Operational Efficiency | Explore Bitfarms' journey to optimize its mining fleet, achieving impressive efficiency gains while navigating challenges in hash rate targets |
Financial Fortitude | Delve into Bitfarms' robust liquidity position, with $195.7 million in cash and Bitcoin, providing a buffer against market volatility |
Future Prospects | Analysts set price targets ranging from $2.30 to $5.00, reflecting varied outlooks on Bitfarms' growth potential in the dynamic cryptocurrency mining landscape |
Metrics to compare | BITF | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipBITFPeersSector | |
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P/E Ratio | −5.6x | −6.5x | 11.4x | |
PEG Ratio | −0.11 | 0.02 | 0.01 | |
Price/Book | 0.7x | 1.2x | 2.4x | |
Price / LTM Sales | 2.2x | 2.4x | 2.1x | |
Upside (Analyst Target) | 257.6% | 226.9% | 25.1% | |
Fair Value Upside | Unlock | 26.2% | 8.4% | Unlock |