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Bitfarms (BITF)
NASDAQ:BITF
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BITF Stock Chart & Stats
Day’s Range― - ―
52-Week Range$1.47 - $3.91
Previous Close$1.62
Volume41.97M
Average Volume (3M)45.91M
Market Cap
$759.90M
Enterprise Value$1.11B
Total Cash (Recent Filing)$4.52M
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)―
Beta2.11
Next Earnings
Mar 19, 2025EPS Estimate
-0.04Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.34
Shares Outstanding472,500,340
10 Day Avg. Volume43,361,667
30 Day Avg. Volume45,911,527
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)4.65
Price to Cash Flow (P/CF)-15.40
P/FCF Ratio0.00
Enterprise Value/Market Cap1.47
Enterprise Value/Revenue6.09
Enterprise Value/Gross Profit-51.84
Enterprise Value/Ebitda-207.48
Forecast
1Y Price Target
$4.30Price Target Upside186.67% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
Bitfarms News
Bulls Say, Bears Say
Bulls Say
Growth PotentialBitfarms has strong growth potential with plans to increase its hash rate to approximately 21 EH/s from a planned 100MW expansion in Paraguay.
Mergers And AcquisitionsThe acquisition interest in Bitfarms offers downside protection for the stock.
Technological AdvancementsBitfarms has swapped out over 50,000 older generation miners for 46,000 newer generation miners, expanding overall hash rate capacity by 83% to 11.9 EH/s while improving fleet efficiency by 40% to 21 J/TH.
Bears Say
Financial PerformanceBITF reported revenues and adjusted EBITDA below previous estimates, driven by slightly higher power costs and less operating hash rate online.
Guidance And ProjectionsManagement 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.
Stock TargetThe price target was lowered due to increased share count assumptions following the company's current ATM usage, despite improved liquidity.
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Ownership Overview
20.97% Insiders
0.13% Mutual Funds
0.11% Other Institutional Investors
67.45% Public Companies and Individual Investors
BITF FAQ
What was Bitfarms’s price range in the past 12 months?
Bitfarms lowest stock price was $1.47 and its highest was $3.91 in the past 12 months.
What is Bitfarms’s market cap?
Bitfarms’s market cap is $759.90M.
When is Bitfarms’s upcoming earnings report date?
Bitfarms’s upcoming earnings report date is Mar 19, 2025 which is in 47 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 472,500,340 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
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$4.30 (186.67% Upside)
$4.30 (186.67% Upside)
Blogger Sentiment
Bullish
BITF Sentiment 86%
Sector Average 68%
Sector Average 68%
Insider Transactions
Bought Shares
Worth $359.9K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 1.2%
Last 30 Days ▲ 3.3%
Last 30 Days ▲ 3.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-19.30%
12-Months-Change
Fundamentals
Return on Equity
-31.62%
Trailing 12-Months
Asset Growth
76.27%
Trailing 12-Months
Company Description
Bitfarms
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
$4.30
▲(186.67% Upside)
Technical Analysis
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Best Analysts Covering BITF
1 Year
1 Year Success Rate
4/6 ratings generated profit
1 Year Average Return
+52.68%
initiated a buy rating 24 days 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 +52.68% per trade.
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