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Bitfarms (BITF)
NASDAQ:BITF
BITF Stock Chart & Stats
Day’s Range― - ―
52-Week Range$0.99 - $3.28
Previous Close$1.62
Volume41.97M
Average Volume (3M)32.24M
Market Cap
$461.43M
Enterprise Value$1.11B
Total Cash (Recent Filing)$552.00K
Total Debt (Recent Filing)$24.39M
Price to Earnings (P/E)―
Beta1.93
Next Earnings
Mar 27, 2025EPS Estimate
-0.04Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.34
Shares Outstanding447,036,070
10 Day Avg. Volume25,994,631
30 Day Avg. Volume32,240,525
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.65
Price to Cash Flow (P/CF)-8.80
P/FCF Ratio0.00
Enterprise Value/Market Cap2.42
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-51.84
Enterprise Value/Ebitda-207.48
Forecast
1Y Price Target
$3.50Price Target Upside246.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
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Bulls Say, Bears Say
Bulls Say
Acquisition InterestThe acquisition interest in Bitfarms offers downside protection for the stock.
Growth StrategyManagement can now turn its full attention to offense and execution against Bitfarms' compelling 2024 growth strategy.
UndervaluationShares remain significantly undervalued at current levels, trading at ~40% discount to peers on 2024E revenues, which is viewed as unwarranted.
Bears Say
EarningsBITF reported revenues and adjusted EBITDA below previous estimates, driven by slightly higher power costs and less operating hash rate online.
Guidance RevisionBitfarms reported solid 3Q24 results, but delayed its YE2024 hash rate guidance of 21 EH/s to 1H25 and withdrew its 35 EH/s outlook for 2025, which resulted in a 15% sell-off in the stock.
Risk FactorsRisks to achievement of the price target include volatility in BTC prices, construction, and deployment delays at Bitfarms' mining facilities.
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Ownership Overview
22.16% Insiders
0.11% Mutual Funds
6.99% Other Institutional Investors
58.22% Public Companies and
Individual Investors
BITF FAQ
What was Bitfarms’s price range in the past 12 months?
Bitfarms lowest stock price was $0.99 and its highest was $3.28 in the past 12 months.
What is Bitfarms’s market cap?
Bitfarms’s market cap is $461.43M.
When is Bitfarms’s upcoming earnings report date?
Bitfarms’s upcoming earnings report date is Mar 27, 2025 which is in 2 days.
How were Bitfarms’s earnings last quarter?
Bitfarms 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 overvalued?
According to Wall Street analysts Bitfarms’s price is currently Undervalued.
Does Bitfarms pay dividends?
Bitfarms does not currently pay dividends.
What is Bitfarms’s EPS estimate?
Bitfarms’s EPS estimate is -0.04.
How many shares outstanding does Bitfarms have?
Bitfarms has 447,036,070 shares outstanding.
What happened to Bitfarms’s price movement after its last earnings report?
Bitfarms 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?
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:
$3.50 (246.53% Upside)
$3.50 (246.53% Upside)
Blogger Sentiment
Bullish
BITF Sentiment 84%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 20.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $191.9K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.1%
Last 30 Days ▲ 72.4%
Last 30 Days ▲ 72.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-57.91%
12-Months-Change
Fundamentals
Return on Equity
-31.62%
Trailing 12-Months
Asset Growth
76.27%
Trailing 12-Months
Company Description
Bitfarms
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.
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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
$3.50
▲(246.53% 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
+47.65%
initiated a buy rating 3 months ago
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 +47.65% per trade.
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