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Bitfarms Ltd. (BITF)
:BITF
BITF Stock Chart & Stats
Day’s Range― - ―
52-Week Range$1.28 - $3.91
Previous Close$1.62
Volume41.97M
Average Volume (3M)40.62M
Market Cap
$623.97M
Enterprise Value$1.11B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)―
Beta2.22
Next Earnings
Mar 19, 2025EPS Estimate
-0.04Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.34
Shares Outstanding447,036,070
10 Day Avg. Volume32,700,039
30 Day Avg. Volume40,615,592
Standard Deviation0.42
R-Squared0.18
Alpha0.04
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)3.62
Price to Cash Flow (P/CF)-12.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.79
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-51.84
Enterprise Value/Ebitda68.64
Forecast
1Y Price Target
$4.75Price Target Upside241.73% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
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Bulls Say, Bears Say
Bulls Say
Growth PotentialBitfarms has strong growth potential with plans to increase its hash rate to approximately 21 EH/s by the end of the year from a planned 100MW expansion in Paraguay.
ValuationShares remain significantly undervalued at current levels, trading at ~40% discount to peers on 2024E revenues, which is viewed as unwarranted.
Bears Say
Financial PerformanceBITF reported revenues and adjusted EBITDA below previous estimates, driven by slightly higher power costs and less operating hash rate online.
GuidanceManagement acknowledged on the call that the company will not achieve its previously stated 2024 guidance and attributed the shortfall to three factors: 1) construction delays at several sites, 2) delays in miner shipments, and 3) ongoing warranty servicing for underperforming Bitmain T21 miners.
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Ownership Overview
22.16% Insiders
0.14% Mutual Funds
6.98% Other Institutional Investors
58.20% Public Companies and Individual Investors
BITF FAQ
What was Bitfarms Ltd.’s price range in the past 12 months?
Bitfarms Ltd. lowest stock price was $1.28 and its highest was $3.91 in the past 12 months.
What is Bitfarms Ltd.’s market cap?
Bitfarms Ltd.’s market cap is $623.97M.
When is Bitfarms Ltd.’s upcoming earnings report date?
Bitfarms Ltd.’s upcoming earnings report date is Mar 19, 2025 which is in 26 days.
How were Bitfarms Ltd.’s earnings last quarter?
Bitfarms Ltd. released its earnings results on Nov 13, 2024. The company reported -$0.08 earnings per share for the quarter, the consensus estimate of -$0.08 by $0.
Is Bitfarms Ltd. overvalued?
According to Wall Street analysts Bitfarms Ltd.’s price is currently Undervalued.
Does Bitfarms Ltd. pay dividends?
Bitfarms Ltd. does not currently pay dividends.
What is Bitfarms Ltd.’s EPS estimate?
Bitfarms Ltd.’s EPS estimate is -0.04.
How many shares outstanding does Bitfarms Ltd. have?
Bitfarms Ltd. has 447,036,070 shares outstanding.
What happened to Bitfarms Ltd.’s price movement after its last earnings report?
Bitfarms Ltd. reported an EPS of -$0.08 in its last earnings report, expectations of -$0.08. Following the earnings report the stock price went down -15.985%.
Which hedge fund is a major shareholder of Bitfarms Ltd.?
Currently, no hedge funds are holding shares in BITF
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Bitfarms Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$4.75 (241.73% Upside)
$4.75 (241.73% Upside)
Blogger Sentiment
Bullish
BITF Sentiment 70%
Sector Average 68%
Sector Average 68%
Insider Transactions
Bought Shares
Worth $361.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 3.0%
Last 30 Days ▼ 2.0%
Last 30 Days ▼ 2.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-59.82%
12-Months-Change
Fundamentals
Return on Equity
-31.62%
Trailing 12-Months
Asset Growth
76.27%
Trailing 12-Months
Company Description
Bitfarms Ltd.
Bitfarms Ltd owns and operates blockchain farms that power the global decentralized financial economy. It provides computing power to cryptocurrency networks such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash, earning fees from each network for securing and processing transactions. Bitfarms also provides computing power to cryptocurrency networks.
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BITF Company Deck
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BITF Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. There was significant progress in operational efficiency and expansion through strategic acquisitions, but these were countered by delays in reaching hashrate targets and increased operating losses driven by one-time costs. The revenue growth was positive, yet the increased expenses and delays in achieving certain targets were concerning.Read More>---
BITF Stock 12 Month Forecast
Average Price Target
$4.75
▲(241.73% Upside)
Technical Analysis
HIVE Digital Technologies
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CryptoStar Corp
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Hut 8
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Galaxy Digital Holdings
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DMG Blockchain Solutions
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Best Analysts Covering BITF
1 Year
1 Year Success Rate
4/6 ratings generated profit
1 Year Average Return
+51.87%
initiated a buy rating last month
Copying Bill Papanastasiou's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +51.87% per trade.
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