Bitfarms Key Executives
This section highlights Bitfarms's key executives, including their titles and compensation details.
Find Contacts at Bitfarms
( total contacts)
Bitfarms Earnings
This section highlights Bitfarms's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q3 | 2024 | 2024-11-13 | $-0.12 | $-0.09 |
| Read Transcript | Q2 | 2024 | 2024-08-09 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-17 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-03-07 | $-0.01 | $-0.06 |
| Read Transcript | Q3 | 2023 | 2023-11-07 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-08-08 | $-0.05 | $-0.07 |
| Read Transcript | Q1 | 2023 | 2023-05-15 | $-0.03 | $-0.01 |
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. 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 founded in 2017 and is headquartered in Toronto, Canada.
$1.08
Stock Price
$482.80M
Market Cap
-
Employees
Toronto, ON
Location
Financial Statements
Access annual & quarterly financial statements for Bitfarms, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $146.37M | $-8.38M | $169.20M | $34.79M | $32.42M |
| Cost of Revenue | $167.87M | $131.91M | $58.37M | $36.69M | $26.98M |
| Gross Profit | $-21.50M | $-140.29M | $110.83M | $-1.90M | $5.44M |
| Gross Profit Ratio | -14.69% | 1673.73% | 65.50% | -5.47% | 16.77% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $38.80M | $51.51M | $43.24M | $3.35M | $4.18M |
| Selling and Marketing Expenses | $491.00K | $333.00K | $174.00K | $38.00K | $110.00K |
| Selling General and Administrative Expenses | $39.29M | $51.51M | $43.24M | $3.39M | $4.29M |
| Other Expenses | $11.34M | $-2.17M | $4.86M | $- | $- |
| Operating Expenses | $50.63M | $49.34M | $48.10M | $3.39M | $4.29M |
| Cost and Expenses | $218.50M | $181.25M | $106.47M | $40.08M | $31.28M |
| Interest Income | $9.26M | $14.22M | $3.42M | $6.10M | $3.27M |
| Interest Expense | $11.92M | $14.22M | $3.42M | $6.10M | $3.27M |
| Depreciation and Amortization | $86.34M | $69.55M | $24.26M | $12.09M | $7.00M |
| EBITDA | $-15.86M | $-102.20M | $70.82M | $1.70M | $10.06M |
| EBITDA Ratio | -10.83% | 1136.27% | 36.54% | 6.27% | 29.02% |
| Operating Income | $-72.13M | $-284.02M | $37.35M | $-9.31M | $2.56M |
| Operating Income Ratio | -49.28% | 3388.48% | 22.07% | -26.75% | 7.91% |
| Total Other Income Expenses Net | $-32.31M | $98.62M | $5.29M | $-9.39M | $-3.05M |
| Income Before Tax | $-104.44M | $-256.46M | $42.64M | $-16.12M | $-484.00K |
| Income Before Tax Ratio | -71.35% | 3059.68% | 25.20% | -46.33% | -1.49% |
| Income Tax Expense | $-401.00K | $-17.41M | $20.51M | $172.00K | $-2.59M |
| Net Income | $-104.04M | $-239.05M | $22.13M | $-16.29M | $2.11M |
| Net Income Ratio | -71.08% | 2851.94% | 13.08% | -46.82% | 6.50% |
| EPS | $-0.40 | $-1.15 | $0.14 | $-0.19 | $0.03 |
| EPS Diluted | $-0.40 | $-1.15 | $0.13 | $-0.19 | $0.03 |
| Weighted Average Shares Outstanding | 262.24M | 207.78M | 157.65M | 84.92M | 67.04M |
| Weighted Average Shares Outstanding Diluted | 262.24M | 207.78M | 169.39M | 84.92M | 71.06M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.85M | $41.55M | $50.09M | $47.52M | $34.60M | $35.48M | $30.64M | $-1.53M | $-11.08M | $-36.06M | $40.30M | $59.46M | $44.60M | $36.73M | $28.41M | $11.39M | $6.79M | $7.39M | $9.21M | $10.54M |
| Cost of Revenue | $56.64M | $52.82M | $60.73M | $45.71M | $43.46M | $41.52M | $43.56M | $39.12M | $43.28M | $42.20M | $30.95M | $20.61M | $22.86M | $20.83M | $9.12M | $13.44M | $7.83M | $7.51M | $7.92M | $13.70M |
| Gross Profit | $-11.79M | $-11.28M | $-10.63M | $1.81M | $-8.87M | $-6.04M | $-12.92M | $-40.65M | $-54.37M | $-78.27M | $9.34M | $38.85M | $21.74M | $15.91M | $19.29M | $-2.06M | $-1.03M | $-111.00K | $1.29M | $-3.17M |
| Gross Profit Ratio | -26.28% | -27.10% | -21.20% | 3.80% | -25.60% | -17.00% | -42.20% | 2656.90% | 490.60% | 217.00% | 23.20% | 65.30% | 48.70% | 43.30% | 67.90% | -18.04% | -15.19% | -1.50% | 14.06% | -30.08% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $27.27M | $14.38M | $13.08M | $13.27M | $8.30M | $8.95M | $3.12M | $11.97M | $4.17M | $5.43M | $6.13M | $18.93M | $3.33M | $3.03M | $2.82M | $-2.64M | $1.81M | $1.37M | $2.81M | $-3.40M |
| Selling and Marketing Expenses | $332.00K | $165.00K | $116.00K | $131.00K | $73.00K | $206.00K | $81.00K | $182.00K | $32.00K | $69.00K | $50.00K | $87.00K | $7.00K | $78.00K | $2.00K | $9.00K | $6.00K | $2.00K | $- | $110.00K |
| Selling General and Administrative Expenses | $27.60M | $12.40M | $13.14M | $13.78M | $8.37M | $9.15M | $3.20M | $11.97M | $4.20M | $5.50M | $6.18M | $18.93M | $3.33M | $3.11M | $2.82M | $-2.60M | $1.81M | $1.37M | $2.81M | $-3.29M |
| Other Expenses | $4.50M | $-99.00K | $-64.71K | $-3.24M | $- | $- | $-1.69M | $-23.28M | $-43.74M | $72.57M | $-783.00K | $3.87M | $-13.89M | $14.88M | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $32.10M | $12.30M | $13.20M | $17.02M | $9.55M | $9.15M | $1.52M | $-11.31M | $-39.53M | $78.07M | $5.40M | $22.80M | $-10.56M | $18.00M | $2.82M | $-2.60M | $1.81M | $1.37M | $2.81M | $-3.29M |
| Cost and Expenses | $88.75M | $65.13M | $73.93M | $62.73M | $53.02M | $50.67M | $45.08M | $27.81M | $3.75M | $120.27M | $36.35M | $43.41M | $12.30M | $38.82M | $11.94M | $10.85M | $9.64M | $8.88M | $10.72M | $10.41M |
| Interest Income | $2.45M | $1.69M | $680.00K | $544.65K | $815.00K | $1.02M | $1.62M | $3.27M | $3.39M | $- | $37.79K | $1.48M | $- | $- | $11.82K | $2.71M | $124.49K | $57.00K | $363.00K | $- |
| Interest Expense | $438.00K | $- | $378.00K | $638.16K | $815.00K | $1.72M | $1.62M | $3.27M | $3.39M | $4.55M | $3.01M | $837.00K | $788.00K | $897.00K | $1.59M | $8.90M | $1.86M | $1.60M | $1.39M | $1.12M |
| Depreciation and Amortization | $28.83M | $48.57M | $38.80M | $22.39M | $21.49M | $20.80M | $20.70M | $20.81M | $19.56M | $17.70M | $13.23M | $10.25M | $6.22M | $4.88M | $3.03M | $2.83M | $2.92M | $2.75M | $2.98M | $2.63M |
| EBITDA | $-7.38M | $24.03M | $26.97M | $-36.10M | $4.28M | $-3.48M | $19.51M | $7.20M | $-61.63M | $-137.46M | $16.26M | $17.10M | $41.79M | $2.74M | $-2.36M | $-1.35M | $-276.00K | $628.64K | $1.47M | $1.79M |
| EBITDA Ratio | -16.46% | 57.83% | 29.88% | 15.11% | 7.07% | 14.08% | 20.70% | 2526.60% | -52.08% | 384.50% | 42.04% | 28.75% | 85.75% | 7.67% | 68.50% | -16.71% | 9.39% | 17.92% | 19.90% | 18.69% |
| Operating Income | $-43.89M | $-23.61M | $-23.84M | $-15.21M | $-18.64M | $-25.17M | $-14.36M | $-20.02M | $-14.95M | $-173.09M | $3.88M | $15.00M | $34.09M | $-2.09M | $16.47M | $567.00K | $-2.84M | $-1.48M | $-1.51M | $121.00K |
| Operating Income Ratio | -97.86% | -56.82% | -47.58% | -32.01% | -53.87% | -70.94% | -46.87% | 1308.56% | 134.89% | 479.94% | 9.62% | 25.23% | 76.44% | -5.69% | 57.98% | 4.98% | -41.81% | -20.04% | -16.39% | 1.15% |
| Total Other Income Expenses Net | $7.24M | $-1.29M | $11.44M | $-46.39M | $336.00K | $-1.01M | $12.19M | $3.34M | $8.25M | $11.86M | $4.08M | $2.93M | $616.00K | $-1.13M | $-23.41M | $-5.66M | $-1.36M | $-2.25M | $-1.02M | $-1.57M |
| Income Before Tax | $-36.65M | $-24.89M | $-12.21M | $-59.13M | $-18.30M | $-24.99M | $-2.81M | $-16.65M | $-89.53M | $-161.23M | $10.96M | $17.94M | $34.71M | $-3.07M | $-6.93M | $-5.09M | $-4.76M | $-3.73M | $-2.53M | $-1.45M |
| Income Before Tax Ratio | -81.71% | -59.92% | -24.38% | -124.43% | -52.90% | -70.43% | -9.17% | 1088.37% | 807.91% | 447.07% | 27.19% | 30.17% | 77.82% | -8.36% | -24.41% | -44.69% | -70.07% | -50.49% | -27.49% | -13.76% |
| Income Tax Expense | $-2.00K | $1.70M | $-6.26M | $-388.45K | $401.00K | $-94.00K | $-330.00K | $191.00K | $-4.72M | $-19.32M | $6.44M | $8.26M | $10.97M | $604.00K | $670.00K | $284.00K | $1.92M | $-4.00K | $-108.00K | $-2.57M |
| Net Income | $-36.65M | $-26.60M | $-5.95M | $-58.74M | $-18.70M | $-24.89M | $-2.48M | $-16.84M | $-84.81M | $-141.92M | $4.52M | $9.68M | $23.73M | $-3.67M | $-7.61M | $-5.37M | $-4.76M | $-3.73M | $-2.42M | $1.12M |
| Net Income Ratio | -81.71% | -64.02% | -11.88% | -123.61% | -54.06% | -70.17% | -8.09% | 1100.85% | 765.28% | 393.51% | 11.21% | 16.27% | 53.22% | -10.00% | -26.77% | -47.19% | -70.07% | -50.44% | -26.31% | 10.67% |
| EPS | $-0.08 | $-0.07 | $-0.02 | $-0.18 | $-0.07 | $-0.10 | $-0.01 | $-0.08 | $-0.40 | $-0.70 | $0.02 | $0.05 | $0.14 | $-0.02 | $-0.06 | $-0.06 | $-0.06 | $-0.04 | $-0.03 | $0.02 |
| EPS Diluted | $-0.08 | $-0.07 | $-0.02 | $-0.18 | $-0.07 | $-0.10 | $-0.01 | $-0.08 | $-0.40 | $-0.70 | $0.02 | $0.05 | $0.13 | $-0.02 | $-0.06 | $-0.06 | $-0.06 | $-0.04 | $-0.03 | $0.02 |
| Weighted Average Shares Outstanding | 448.71M | 401.24M | 338.75M | 334.15M | 273.91M | 246.13M | 232.54M | 224.20M | 210.38M | 203.50M | 197.50M | 193.54M | 166.94M | 151.95M | 123.88M | 84.92M | 84.52M | 84.66M | 84.05M | 67.04M |
| Weighted Average Shares Outstanding Diluted | 448.71M | 401.24M | 338.75M | 334.15M | 273.91M | 246.13M | 232.54M | 224.20M | 210.38M | 203.50M | 201.27M | 193.54M | 176.81M | 151.95M | 123.88M | 84.92M | 84.52M | 84.66M | 84.05M | 71.06M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $84.04M | $30.81M | $125.27M | $5.95M | $2.16M |
| Short Term Investments | $31.87M | $4.63M | $66.03M | $- | $- |
| Cash and Short Term Investments | $84.04M | $35.44M | $191.30M | $5.95M | $2.16M |
| Net Receivables | $714.00K | $701.00K | $1.04M | $1.40M | $3.69M |
| Inventory | $705.00K | $588.00K | $548.00K | $169.00K | $135.00K |
| Other Current Assets | $44.53M | $36.91M | $159.95M | $1.65M | $565.00K |
| Total Current Assets | $129.98M | $69.09M | $287.13M | $9.17M | $6.55M |
| Property Plant Equipment Net | $200.33M | $268.02M | $229.31M | $41.22M | $44.13M |
| Goodwill | $- | $- | $16.95M | $- | $- |
| Intangible Assets | $3.70M | $33.00K | $1.68M | $377.00K | $675.00K |
| Goodwill and Intangible Assets | $3.70M | $33.00K | $18.64M | $377.00K | $675.00K |
| Long Term Investments | $- | $- | $- | $- | $476.00K |
| Tax Assets | $- | $- | $3.90M | $- | $-476.00K |
| Other Non-Current Assets | $44.71M | $5.96M | $3.62M | $942.00K | $1.50M |
| Total Non-Current Assets | $248.74M | $274.01M | $255.46M | $42.54M | $46.31M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $378.73M | $343.10M | $542.59M | $51.70M | $52.86M |
| Account Payables | $9.08M | $12.90M | $9.87M | $2.06M | $2.27M |
| Short Term Debt | $6.88M | $46.70M | $74.61M | $20.80M | $1.62M |
| Tax Payables | $1.10M | $- | $12.09M | $316.00K | $- |
| Deferred Revenue | $- | $- | $- | $953.00K | $- |
| Other Current Liabilities | $52.09M | $7.64M | $4.61M | $3.40M | $117.00K |
| Total Current Liabilities | $69.15M | $67.24M | $101.18M | $28.48M | $4.01M |
| Long Term Debt | $12.99M | $18.31M | $10.14M | $7.57M | $20.57M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $8.45M | $- | $- |
| Other Non-Current Liabilities | $1.82M | $1.98M | $8.69M | $209.00K | $193.00K |
| Total Non-Current Liabilities | $14.81M | $20.29M | $18.83M | $7.78M | $20.76M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $83.96M | $87.53M | $120.00M | $36.26M | $24.77M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $530.12M | $429.12M | $378.89M | $32.00M | $33.94M |
| Retained Earnings | $-294.92M | $-239.06M | $-15.00K | $-22.14M | $-5.86M |
| Accumulated Other Comprehensive Income Loss | $2.94M | $65.51M | $43.70M | $5.59M | $3.47M |
| Other Total Stockholders Equity | $56.62M | $47.65M | $43.70M | $- | $3.47M |
| Total Stockholders Equity | $294.76M | $255.57M | $422.58M | $15.45M | $28.09M |
| Total Equity | $294.76M | $255.57M | $422.58M | $15.45M | $28.09M |
| Total Liabilities and Stockholders Equity | $378.73M | $343.10M | $542.59M | $51.70M | $52.86M |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $378.73M | $343.10M | $542.59M | $51.70M | $52.86M |
| Total Investments | $31.87M | $4.63M | $66.03M | $- | $476.00K |
| Total Debt | $19.87M | $65.01M | $84.74M | $28.37M | $22.19M |
| Net Debt | $-64.17M | $34.20M | $-40.53M | $22.42M | $20.03M |
Balance Sheet Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $72.91M | $138.62M | $65.89M | $83.61M | $46.77M | $30.89M | $29.38M | $30.81M | $35.81M | $45.98M | $77.29M | $125.27M | $43.27M | $36.22M | $53.03M | $5.95M | $1.32M | $1.36M | $2.33M | $2.16M |
| Short Term Investments | $72.63M | $56.74M | $57.48M | $33.80M | $16.81M | $14.60M | $10.26M | $4.63M | $6.62M | $10.80M | $99.26M | $66.03M | $101.25M | $45.33M | $32.43M | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $145.54M | $138.62M | $123.38M | $117.41M | $63.58M | $45.49M | $39.63M | $35.44M | $42.43M | $56.78M | $176.55M | $191.30M | $144.51M | $81.55M | $85.46M | $5.95M | $1.32M | $1.36M | $2.33M | $2.16M |
| Net Receivables | $13.31M | $735.00K | $3.30M | $2.21M | $1.16M | $1.02M | $374.00K | $701.00K | $1.42M | $644.00K | $669.00K | $1.04M | $3.14M | $2.68M | $2.92M | $1.40M | $1.43M | $3.06M | $3.14M | $3.69M |
| Inventory | $1.18M | $1.08M | $1.02M | $701.39K | $730.00K | $663.00K | $593.00K | $588.00K | $586.00K | $607.00K | $630.00K | $548.00K | $499.00K | $322.00K | $327.00K | $169.00K | $210.00K | $143.00K | $264.00K | $135.00K |
| Other Current Assets | $29.02M | $96.86M | $67.04M | $43.03M | $35.07M | $39.49M | $43.57M | $36.91M | $65.00M | $77.44M | $245.17M | $159.95M | $107.58M | $1.23M | $33.88M | $1.65M | $1.50M | $200.00K | $327.00K | $565.00K |
| Total Current Assets | $189.05M | $237.29M | $137.18M | $129.32M | $83.73M | $72.06M | $73.91M | $69.09M | $102.81M | $124.67M | $323.76M | $287.13M | $152.55M | $85.78M | $90.17M | $9.17M | $4.47M | $4.76M | $6.07M | $6.55M |
| Property Plant Equipment Net | $373.37M | $246.48M | $190.80M | $199.30M | $240.02M | $248.02M | $252.02M | $268.02M | $268.20M | $341.79M | $285.96M | $229.31M | $168.54M | $143.56M | $50.68M | $41.22M | $39.45M | $40.72M | $42.12M | $44.13M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $17.90M | $16.95M | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $4.21M | $4.38M | $4.55M | $3.70M | $3.82M | $21.00K | $26.00K | $33.00K | $260.00K | $798.00K | $1.33M | $1.68M | $187.00K | $252.00K | $315.00K | $377.00K | $457.00K | $550.00K | $643.00K | $675.00K |
| Goodwill and Intangible Assets | $4.21M | $4.38M | $4.55M | $3.70M | $3.82M | $21.00K | $26.00K | $33.00K | $260.00K | $798.00K | $19.23M | $18.64M | $187.00K | $252.00K | $315.00K | $377.00K | $457.00K | $550.00K | $643.00K | $675.00K |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $4.47M | $3.90M | $- | $514.00K | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $20.00M | $47.79M | $93.51M | $44.47M | $5.22M | $5.54M | $6.02M | $5.96M | $5.69M | $5.87M | $5.69M | $3.62M | $1.15M | $1.12M | $22.83M | $942.00K | $1.56M | $1.62M | $1.82M | $1.50M |
| Total Non-Current Assets | $397.58M | $298.64M | $288.86M | $247.47M | $249.06M | $253.58M | $258.07M | $274.01M | $274.15M | $348.46M | $315.36M | $255.46M | $169.88M | $145.45M | $73.83M | $42.54M | $41.46M | $42.89M | $44.58M | $46.31M |
| Other Assets | $- | $- | $1 | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $586.62M | $535.93M | $426.03M | $376.79M | $332.80M | $325.64M | $331.98M | $343.10M | $376.96M | $473.13M | $639.12M | $542.59M | $322.43M | $231.22M | $164.00M | $51.70M | $45.93M | $47.65M | $50.65M | $52.86M |
| Account Payables | $31.69M | $20.91M | $10.67M | $9.08M | $7.62M | $10.30M | $11.92M | $12.90M | $9.00M | $6.64M | $10.29M | $9.87M | $6.37M | $4.17M | $2.36M | $2.06M | $1.96M | $2.10M | $2.18M | $2.27M |
| Short Term Debt | $2.45M | $2.17M | $2.28M | $6.88M | $13.03M | $18.54M | $23.91M | $46.70M | $66.06M | $83.70M | $128.22M | $74.61M | $14.42M | $12.83M | $6.45M | $20.80M | $13.39M | $13.05M | $4.97M | $1.62M |
| Tax Payables | $- | $- | $776.20K | $1.10M | $- | $- | $- | $- | $- | $- | $3.88M | $12.09M | $6.64M | $2.11M | $745.00K | $316.00K | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $776.20K | $1.10M | $- | $- | $- | $- | $- | $- | $- | $- | $6.64M | $2.11M | $- | $953.00K | $-1.62M | $-785.00K | $-730.00K | $- |
| Other Current Liabilities | $16.95M | $23.35M | $31.80M | $52.09M | $9.04M | $8.57M | $7.67M | $7.64M | $7.00M | $6.08M | $435.00K | $4.61M | $-6.39M | $82.00K | $766.00K | $5.30M | $44.00K | $44.00K | $31.00K | $117.00K |
| Total Current Liabilities | $51.09M | $46.43M | $45.47M | $68.80M | $29.69M | $37.41M | $43.50M | $67.24M | $82.06M | $96.42M | $142.83M | $101.18M | $27.68M | $21.30M | $10.32M | $28.48M | $15.40M | $15.19M | $7.18M | $4.01M |
| Long Term Debt | $21.50M | $13.70M | $13.67M | $12.99M | $13.28M | $13.20M | $13.60M | $18.31M | $30.08M | $39.94M | $24.77M | $10.14M | $6.71M | $8.67M | $9.46M | $7.57M | $10.99M | $8.88M | $16.41M | $20.57M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $11.32M | $8.45M | $5.90M | $- | $2.09M | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $2.00M | $1.93M | $1.85M | $1.74M | $2.33M | $2.28M | $2.22M | $1.98M | $1.78M | $1.59M | $11.77M | $8.69M | $6.23M | $329.00K | $2.31M | $209.00K | $202.00K | $187.00K | $178.00K | $193.00K |
| Total Non-Current Liabilities | $23.51M | $15.62M | $15.52M | $14.73M | $15.61M | $15.48M | $15.82M | $20.29M | $31.86M | $41.53M | $36.53M | $18.83M | $12.94M | $9.00M | $11.77M | $7.78M | $11.19M | $9.07M | $16.59M | $20.76M |
| Other Liabilities | $- | $- | $1 | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $74.60M | $62.06M | $61.00M | $83.53M | $45.30M | $52.89M | $59.32M | $87.53M | $113.92M | $137.95M | $179.36M | $120.00M | $40.61M | $30.30M | $22.09M | $36.26M | $26.59M | $24.26M | $23.77M | $24.77M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1 | $- |
| Common Stock | $796.75M | $727.05M | $585.65M | $527.41M | $499.68M | $467.28M | $444.96M | $429.12M | $423.55M | $414.85M | $405.41M | $378.89M | $256.51M | $202.72M | $156.45M | $32.00M | $30.92M | $30.87M | $35.15M | $33.94M |
| Retained Earnings | $-351.82M | $-315.69M | $-293.10M | $-293.42M | $-284.16M | $-265.78M | $-241.54M | $-239.06M | $-222.22M | $-137.41M | $4.50M | $-15.00K | $-9.69M | $-33.42M | $-24.62M | $-22.14M | $-16.77M | $-12.01M | $-8.28M | $-5.86M |
| Accumulated Other Comprehensive Income Loss | $3.31M | $3.15M | $12.86M | $2.93M | $71.98M | $71.24M | $69.24M | $65.51M | $61.72M | $57.75M | $49.84M | $43.70M | $34.99M | $31.63M | $10.07M | $5.59M | $5.18M | $4.54M | $-0 | $3.47M |
| Other Total Stockholders Equity | $63.78M | $59.29M | $59.02M | $55.11M | $71.98M | $70.10M | $68.02M | $47.65M | $- | $- | $- | $43.70M | $- | $- | $10.07M | $- | $- | $- | $-1 | $3.47M |
| Total Stockholders Equity | $512.02M | $473.81M | $365.04M | $293.25M | $287.50M | $272.75M | $272.66M | $255.57M | $263.04M | $335.19M | $459.76M | $422.58M | $281.82M | $200.93M | $141.90M | $15.45M | $19.34M | $23.40M | $26.87M | $28.09M |
| Total Equity | $512.02M | $473.81M | $365.04M | $293.25M | $287.50M | $272.75M | $272.66M | $255.57M | $263.04M | $335.19M | $459.76M | $422.58M | $281.82M | $200.93M | $141.90M | $15.45M | $19.34M | $23.40M | $26.87M | $28.09M |
| Total Liabilities and Stockholders Equity | $586.62M | $535.86M | $426.03M | $376.79M | $332.80M | $325.64M | $331.98M | $343.10M | $376.96M | $473.13M | $639.12M | $542.59M | $322.43M | $231.22M | $164.00M | $51.70M | $45.93M | $47.65M | $50.65M | $52.86M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $586.62M | $535.86M | $426.03M | $376.79M | $332.80M | $325.64M | $331.98M | $343.10M | $376.96M | $473.13M | $639.12M | $542.59M | $322.43M | $231.22M | $164.00M | $51.70M | $45.93M | $47.65M | $50.65M | $52.86M |
| Total Investments | $72.63M | $56.74M | $57.48M | $33.80M | $16.81M | $14.60M | $10.26M | $4.63M | $6.62M | $10.80M | $99.26M | $66.03M | $101.25M | $45.33M | $32.43M | $- | $- | $- | $- | $- |
| Total Debt | $23.95M | $15.87M | $15.93M | $19.77M | $26.30M | $31.73M | $37.52M | $65.01M | $96.14M | $123.64M | $152.98M | $84.74M | $21.12M | $21.50M | $15.91M | $28.37M | $24.39M | $21.93M | $21.38M | $22.19M |
| Net Debt | $-48.96M | $-122.75M | $-49.96M | $-63.84M | $-20.47M | $842.00K | $8.14M | $34.20M | $60.33M | $77.65M | $75.69M | $-40.53M | $-22.14M | $-14.72M | $-37.12M | $22.42M | $23.06M | $20.57M | $19.05M | $20.03M |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $-105.94M | $-239.05M | $22.13M | $-16.29M | $2.11M |
| Depreciation and Amortization | $86.34M | $72.42M | $24.48M | $11.49M | $6.84M |
| Deferred Income Tax | $-3.39M | $-32.37M | $8.84M | $1.44M | $-1.60M |
| Stock Based Compensation | $10.91M | $21.79M | $22.59M | $2.20M | $2.87M |
| Change in Working Capital | $1.39M | $-3.98M | $15.39M | $3.24M | $-3.03M |
| Accounts Receivables | $-13.24K | $429.00K | $64.00K | $5.00K | $-2.00K |
| Inventory | $-1 | $- | $-379.00K | $-34.00K | $-5.00K |
| Accounts Payables | $-320.78K | $94.00K | $9.24M | $109.00K | $-16.00K |
| Other Working Capital | $1.73M | $-4.50M | $6.46M | $3.16M | $-3.00M |
| Other Non Cash Items | $34.72M | $217.44M | $-130.59M | $5.14M | $-1.17M |
| Net Cash Provided by Operating Activities | $24.03M | $36.25M | $-37.17M | $7.22M | $6.02M |
| Investments in Property Plant and Equipment | $-72.61M | $-194.98M | $-193.26M | $-4.48M | $-23.78M |
| Acquisitions Net | $730.15K | $10.08M | $-23.00M | $925.43K | $1.45M |
| Purchases of Investments | $-36.26M | $-193.97M | $-6.69M | $- | $- |
| Sales Maturities of Investments | $49.40M | $223.43M | $12.84M | $- | $- |
| Other Investing Activities | $-665.00K | $416.04K | $-5.04M | $-46.43K | $-32.87K |
| Net Cash Used for Investing Activities | $-59.41M | $-155.01M | $-215.15M | $-3.60M | $-22.36M |
| Debt Repayment | $-34.18M | $29.90M | $49.49M | $-1.87M | $12.94M |
| Common Stock Issued | $109.07M | $54.09M | $259.17M | $54.00K | $4.94M |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $12.98M | $-59.98M | $63.32M | $2.00M | $100.00K |
| Net Cash Used Provided by Financing Activities | $87.88M | $24.01M | $371.99M | $185.00K | $17.97M |
| Effect of Forex Changes on Cash | $18.00K | $43.00K | $-21.00K | $-15.00K | $-23.00K |
| Net Change in Cash | $53.15M | $-94.71M | $119.65M | $3.79M | $1.61M |
| Cash at End of Period | $84.04M | $30.89M | $125.59M | $5.95M | $2.16M |
| Cash at Beginning of Period | $30.89M | $125.59M | $5.95M | $2.16M | $552.00K |
| Operating Cash Flow | $24.03M | $36.25M | $-37.17M | $7.22M | $6.02M |
| Capital Expenditure | $-72.61M | $-194.98M | $-193.26M | $-4.48M | $-23.78M |
| Free Cash Flow | $-48.58M | $-158.73M | $-230.43M | $2.74M | $-17.76M |
Cash Flow Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-36.65M | $-26.60M | $-5.95M | $-58.74M | $-18.70M | $-25.48M | $-2.48M | $-16.84M | $-84.81M | $-141.92M | $4.52M | $9.68M | $23.73M | $-3.67M | $-7.61M | $-5.37M | $-4.76M | $-3.73M | $-2.42M | $1.12M |
| Depreciation and Amortization | $28.83M | $48.58M | $38.80M | $22.39M | $21.77M | $20.53M | $20.70M | $20.78M | $20.72M | $17.86M | $13.07M | $10.29M | $6.26M | $4.92M | $3.01M | $2.83M | $2.92M | $2.75M | $2.98M | $2.63M |
| Deferred Income Tax | $-1.25M | $1.96M | $-6.26M | $-2.82M | $7.68M | $-94.00K | $-330.00K | $165.00K | $-6.49M | $-20.49M | $-5.56M | $2.94M | $6.42M | $-755.00K | $241.00K | $166.00K | $568.00K | $718.00K | $-10.00K | $-1.60M |
| Stock Based Compensation | $5.16M | $1.68M | $3.09M | $3.91M | $2.01M | $2.46M | $2.54M | $3.79M | $3.96M | $7.93M | $6.11M | $10.04M | $5.79M | $6.34M | $420.00K | $403.00K | $534.00K | $254.00K | $1.01M | $430.00K |
| Change in Working Capital | $5.59M | $-11.71M | $-321.56K | $2.84M | $1.02M | $89.00K | $-2.67M | $8.43M | $-2.86M | $-1.10M | $-8.44M | $11.24M | $1.85M | $4.19M | $-1.89M | $841.00K | $1.97M | $286.00K | $143.00K | $-627.00K |
| Accounts Receivables | $-737.00K | $-6.07K | $-14.93K | $450.17K | $-138.00K | $-645.00K | $327.00K | $806.00K | $-771.00K | $25.00K | $369.00K | $166.00K | $-325.00K | $150.00K | $73.00K | $-204.00K | $16.00K | $-134.00K | $327.00K | $87.00K |
| Inventory | $-101.00K | $-370.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-49.00K | $-177.00K | $5.00K | $-158.00K | $41.00K | $-60.00K | $128.00K | $-143.00K | $44.00K |
| Accounts Payables | $11.85M | $-3.11M | $547.54K | $3.02M | $99.00K | $-3.48M | $97.00K | $4.09M | $4.38M | $-4.11M | $-4.26M | $6.21M | $-75.00K | $2.52M | $588.00K | $-359.00K | $955.00K | $-185.00K | $-302.00K | $155.00K |
| Other Working Capital | $-5.42M | $-8.22M | $-854.17K | $-631.86K | $1.06M | $4.22M | $-3.09M | $3.53M | $-6.48M | $2.98M | $-4.54M | $4.91M | $2.43M | $1.51M | $-2.39M | $1.36M | $1.06M | $477.00K | $261.00K | $-913.00K |
| Other Non Cash Items | $-15.52M | $-4.25M | $69.00M | $46.26M | $-6.22M | $3.94M | $-16.73M | $16.76M | $53.75M | $185.86M | $-38.93M | $-50.55M | $-57.56M | $-19.88M | $-2.61M | $4.21M | $455.00K | $731.00K | $-260.00K | $743.00K |
| Net Cash Provided by Operating Activities | $-13.83M | $9.65M | $18.20M | $13.84M | $7.56M | $1.44M | $1.03M | $33.08M | $-15.73M | $48.13M | $-29.23M | $-6.37M | $-13.51M | $-8.86M | $-8.44M | $3.08M | $1.69M | $1.01M | $1.44M | $2.69M |
| Investments in Property Plant and Equipment | $-111.06M | $-76.19M | $-77.59M | $-24.74M | $-18.13M | $-20.88M | $-8.10M | $-23.87M | $-5.04M | $-98.26M | $-67.81M | $-60.82M | $-30.26M | $-73.40M | $-28.78M | $-418.00K | $-1.69M | $-2.35M | $-868.00K | $-2.65M |
| Acquisitions Net | $- | $- | $1.04M | $232.19K | $-2.12M | $216.09K | $2.41M | $5.55M | $3.75M | $710.14K | $35.43K | $-22.65M | $901.03K | $10.56K | $33.25K | $- | $- | $- | $- | $- |
| Purchases of Investments | $-4.68M | $-3.44M | $-2.27M | $-2.62M | $-12.39M | $-14.21M | $-7.16M | $-22.81M | $-91.49M | $-36.42M | $-43.24M | $- | $-2.79M | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $5.46M | $3.85M | $2.61M | $3.66M | $16.51M | $19.16M | $9.33M | $30.50M | $114.35M | $77.60M | $22.91M | $- | $5.06M | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-6.75M | $503.00K | $1.38M | $1.23M | $-16.51K | $4.91K | $-182 | $159.66K | $288.08K | $992.24K | $35.00K | $-22.85M | $911.00K | $11.00K | $33.00K | $997.00K | $116.00K | $595.00K | $7.00K | $-15.00K |
| Net Cash Used for Investing Activities | $-117.03M | $-75.28M | $-76.21M | $-23.47M | $-16.14M | $-15.70M | $-3.53M | $-10.47M | $21.85M | $-55.38M | $-111.01M | $-83.67M | $-29.35M | $-73.39M | $-28.75M | $579.00K | $-1.57M | $-1.75M | $-861.00K | $-2.67M |
| Debt Repayment | $-614.00K | $-575.00K | $-3.16M | $-6.16M | $- | $-6.19M | $-14.87M | $-29.82M | $-24.84M | $-31.81M | $25.65M | $-731.00K | $-1.43M | $6.10M | $-14.44M | $-856.00K | $-206.00K | $-204.00K | $-600.00K | $-385.00K |
| Common Stock Issued | $65.83M | $136.30M | $37.27M | $40.57M | $30.92M | $21.82M | $15.76M | $5.58M | $12.59M | $9.62M | $26.29M | $110.13M | $34.56M | $57.01M | $57.48M | $1.85M | $- | $- | $200.00K | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $88.00K | $2.50M | $6.03M | $13.14M | $-6.34M | $115.00K | $47.00K | $-3.29M | $-4.13M | $-1.84M | $40.00M | $62.97M | $16.81M | $2.32M | $41.22M | $- | $- | $- | $200.00K | $80.00K |
| Net Cash Used Provided by Financing Activities | $65.30M | $138.23M | $39.96M | $47.55M | $24.57M | $15.75M | $943.00K | $-27.53M | $-16.37M | $-24.03M | $91.94M | $172.36M | $49.93M | $65.43M | $84.26M | $995.00K | $-206.00K | $-204.00K | $-400.00K | $-305.00K |
| Effect of Forex Changes on Cash | $-147.00K | $56.00K | $60.00K | $53.00K | $-103.00K | $21.00K | $47.00K | $-6.00K | $77.00K | $-29.00K | $1.00K | $- | $-29.00K | $4.00K | $4.00K | $-35.00K | $48.00K | $-23.00K | $-5.00K | $-23.00K |
| Net Change in Cash | $-65.71M | $72.71M | $-17.72M | $37.06M | $15.88M | $1.51M | $-1.51M | $-4.93M | $-10.17M | $-31.31M | $-48.30M | $82.33M | $7.05M | $-16.82M | $47.09M | $4.62M | $-37.00K | $-971.00K | $173.00K | $-304.00K |
| Cash at End of Period | $72.91M | $138.60M | $65.89M | $83.61M | $46.77M | $30.89M | $29.38M | $30.89M | $35.81M | $45.98M | $77.29M | $125.59M | $43.27M | $36.22M | $53.03M | $5.95M | $1.32M | $1.36M | $2.33M | $2.16M |
| Cash at Beginning of Period | $138.62M | $65.89M | $83.61M | $46.55M | $30.89M | $29.38M | $30.89M | $35.81M | $45.98M | $77.29M | $125.59M | $43.27M | $36.22M | $53.03M | $5.95M | $1.32M | $1.36M | $2.33M | $2.16M | $2.46M |
| Operating Cash Flow | $-13.83M | $9.65M | $18.20M | $13.84M | $7.56M | $1.44M | $1.03M | $33.08M | $-15.73M | $48.13M | $-29.23M | $-6.37M | $-13.51M | $-8.86M | $-8.44M | $3.08M | $1.69M | $1.01M | $1.44M | $2.69M |
| Capital Expenditure | $-111.06M | $-76.19M | $-77.59M | $-24.74M | $-18.13M | $-20.88M | $-8.10M | $-23.87M | $-5.04M | $-98.26M | $-67.81M | $-60.82M | $-30.26M | $-73.40M | $-28.78M | $-418.00K | $-1.69M | $-2.35M | $-868.00K | $-2.65M |
| Free Cash Flow | $-124.89M | $-66.54M | $-59.39M | $-10.90M | $-10.57M | $-19.43M | $-7.08M | $9.21M | $-20.77M | $-50.13M | $-97.04M | $-67.19M | $-43.76M | $-82.26M | $-37.22M | $2.67M | $5.00K | $-1.34M | $571.00K | $39.00K |
Bitfarms Dividends
Explore Bitfarms's dividend history, including dividend yield, payout ratio, and historical payments.
Bitfarms News
Read the latest news about Bitfarms, including recent articles, headlines, and updates.
Bitfarms Investor News: Rosen Law Firm Encourages Bitfarms Ltd. Investors to Inquire About Securities Class Action Investigation - BITF
NEW YORK , March 19, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Bitfarms (NASDAQ: BITF) resulting from allegations that Bitfarms may have issued materially misleading business information to the investing public. So What: If you purchased Bitfarms securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
Bitfarms Schedules Fourth Quarter and Full Year 2024 Conference Call on March 27, 2025
TORONTO, Ontario, March 19, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin and vertically integrated data center company, will report its fourth quarter and full year 2024 financial results on Thursday, March 27 before the market opens. Management will host a conference call on the same day at 8:00 am EST. All Q4 2024 materials will be available before the call and can be accessed on the ‘Financial Results' section of the Bitfarms investor site.
Bitfarms Ltd. (BITF) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Stockholders to Contact the Firm to Learn More About the Investigation
NEW YORK CITY, NY / ACCESS Newswire / March 19, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bitfarms Ltd. ("Bitfarms" or "the Company") (NASDAQ:BITF).
Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Bitfarms Ltd. (BITF) and Encourages Stockholders to Learn More About the Investigation
NEW YORK CITY, NY / ACCESS Newswire / March 18, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bitfarms Ltd. ("Bitfarms" or "the Company") (NASDAQ:BITF).
Bitfarms Completes Strategic Sale of its Yguazu, Paraguay Data Center
-Accretive transaction valued at approximately U.S. $85 million- -Bitfarms to reinvest capital in U.S. growth opportunities- This news release constitutes a “designated news release” for the purposes of Bitfarms' second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario, March 18, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd.
Bronstein, Gewirtz & Grossman, LLC Encourages Bitfarms Ltd. (BITF) Investors to Inquire about Securities Investigation
NEW YORK CITY, NY / ACCESS Newswire / March 17, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bitfarms Ltd. ("Bitfarms" or "the Company") (NASDAQ:BITF).
Rosen Law Firm Encourages Bitfarms Ltd. Investors to Inquire About Securities Class Action Investigation – BITF
NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Bitfarms (NASDAQ: BITF) resulting from allegations that Bitfarms may have issued materially misleading business information to the investing public. So What: If you purchased Bitfarms securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rose.
Bitfarms CEO on US Energy Policy, Bitcoin Miners
President Donald Trump said he is willing to increase steel and aluminum tariffs on Canada to 50% in retaliation against Ontario's move to raise taxes on electricity sent to the US. Canadian based Bitcoin miner Bitfarms' CEO Ben Gagnon gives his take on the tariffs and their impact on crypto miners.
Stronghold Urges Stockholders to Follow the “FOR” Recommendation of ISS and Glass Lewis and Support the Pending Merger With Bitfarms at the Upcoming Special Meeting
NEW YORK, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, the “Company”, or “we”) today announced that the world's leading independent proxy advisory firms, Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), have each recommended that Stronghold stockholders vote “FOR” the pending merger (the “Merger”) between Stronghold and Bitfarms Ltd. (NASDAQ/TSX: BITF) at the upcoming special meeting of the Company's stockholders on February 27, 2025.
Stock Picks From Seeking Alpha's January 2025 New Analysts
In January, Seeking Alpha welcomed 29 new analysts. This article introduces them and showcases some of their top picks. Analysts highlighted include The Conservative Investor recommending Dassault Aviation, Christopher Gray on ASML Holding, and Inflexio Research on Bragg Gaming Group, all rated as Buys. Analysts' diverse backgrounds span sectors like technology, finance, and consumer staples, with investment strategies focusing on value, growth, and special situations.
Bitfarms Engages Strategic Partners to Develop HPC/AI Business
-Engages expert consultants ASG & World Wide Technology- TORONTO, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin and vertically integrated data center company, today announced it has engaged two expert consultants in HPC strategy and artificial intelligence (“AI”), Appleby Strategy Group (“ASG”) and World Wide Technology (“WWT”), to conduct a comprehensive feasibility analysis on all its North American sites and advise on its global HPC/AI strategy.
Bitfarms Enters into a Binding LOI with HIVE Digital Technologies for the Sale of its Yguazu, Paraguay Site
-Bitfarms to reinvest capital in US growth opportunities- -Accretive transaction values the completed site at ~$85 million and significantly reduces anticipated 2025 capital requirements- -Rebalances YE 2025 proforma energy portfolio to ~80% North American & 20% international- -Reduces expected average power costs by ~10%- This news release constitutes a “designated news release” for the purposes of Bitfarms' second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd.
Bitcoin ETF Outflows Gather Steam As Bitcoin Falls Near $90,000; Are Crypto ETFs A Sell Now?
Crypto ETFs rallied as Bitcoin hit a $108,000 milestone in December but have fallen with the digital asset in 2025. The post Bitcoin ETF Outflows Gather Steam As Bitcoin Falls Near $90,000; Are Crypto ETFs A Sell Now?
Bitfarms to Present at Needham Growth Conference in NYC
TORONTO, Ontario and BROSSARD, Québec, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms”), a global vertically integrated Bitcoin data center company, will be attending Needham's 27th Annual Growth Conference, taking place from January 14-15th in New York City. Bitfarms CEO Ben Gagnon, CFO Jeff Lucas, and SVP IR & Corp. Comms. Tracy Krumme will be conducting investor meetings with a presentation at the following time:
Bitfarms Provides December 2024 Production and Operations Update
- Increased hashrate 97% Y/Y to 12.8 EH/s - - Improved efficiency 40% Y/Y to 21 w/TH -- Earned 2,914 BTC for full-year 2024 -- Expanded operational MW 35% Y/Y to 324MW -- Acquisition of Stronghold Digital Mining on track to close in Q1 2025 -
Bitfarms Files Second Amended and Restated Prospectus Supplement for its Existing At-the-Market Equity Offering Program
This news release constitutes a “designated news release” for the purposes of the Company's second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd.
Bitfarms Provides November 2024 Production and Operations Update
This news release constitutes a “designated news release” for the purposes of the Company's amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd.
Bitfarms: Takeover Abated, Still A Work In Progress
Bitfarms remains independent after settling with Riot, stabilizing its leadership team. Q3 results showed 8% revenue growth, but increased costs per BTC due to April's halving and higher energy expenses. The company raised $240M YTD through share sales, with liquidity at $145M, but continued share dilution is expected to fund operations.
Similar Companies
Related Metrics
Explore detailed financial metrics and analysis for BITF.