Bitfarms Financials

BITF Stock  USD 1.10  0.01  0.90%   
Based on the key indicators related to Bitfarms' liquidity, profitability, solvency, and operating efficiency, Bitfarms is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. At this time, Bitfarms' Cash is most likely to increase significantly in the upcoming years. The Bitfarms' current Net Receivables is estimated to increase to about 1 M, while Total Current Liabilities is projected to decrease to roughly 48.1 M. Key indicators impacting Bitfarms' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.07370.0775
Notably Down
Pretty Stable
Current Ratio1.131.69
Way Down
Very volatile
Investors should never underestimate Bitfarms' ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Bitfarms' cash flow, debt, and profitability to make informed and accurate decisions about investing in Bitfarms.

Net Income

(98.31 Million)

  
Understanding current and past Bitfarms Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Bitfarms' financial statements are interrelated, with each one affecting the others. For example, an increase in Bitfarms' assets may result in an increase in income on the income statement.

Bitfarms Stock Summary

Bitfarms competes with HIVE Blockchain, CleanSpark, Marathon Digital, Riot Blockchain, and Hut 8. Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. The company was founded in 2017 and is headquartered in Toronto, Canada. Bitfarms operates under Capital Markets classification in the United States and is traded on NASDAQ Exchange. It employs 106 people.
Foreign Associate
  Canada
Specialization
Financial Services, Financial Services
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINCA09173B1076
CUSIP09173B107
LocationOntario; Canada
Business Address110 Yonge Street,
SectorCapital Markets
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.bitfarms.com
Phone647 259 1790
CurrencyUSD - US Dollar

Bitfarms Key Financial Ratios

Bitfarms Key Balance Sheet Accounts

202020212022202320242025 (projected)
Total Assets51.7M542.6M343.1M378.7M435.5M248.7M
Other Current Liab3.4M4.6M7.6M52.1M59.9M62.9M
Other Liab193K209K8.7M2.0M2.3M2.2M
Net Tangible Assets27.4M15.1M403.9M255.5M293.9M308.6M
Net Debt22.4M(40.5M)34.2M(64.2M)(57.7M)(54.9M)
Retained Earnings(22.1M)(15K)(239.1M)(294.9M)(265.4M)(252.2M)
Accounts Payable2.1M9.9M12.9M9.1M10.4M7.2M
Cash5.9M125.3M30.8M84.0M96.6M101.5M
Net Receivables1.4M1.0M701K714K642.6K1.0M
Inventory169K548K588K705K810.8K468.2K
Other Current Assets1.7M159.9M36.9M44.5M51.2M40.2M
Total Liab36.3M120.0M87.5M84.0M96.6M61.7M
Net Invested Capital32.8M493.8M302.7M298.8M343.6M191.2M
Total Current Assets9.2M287.1M69.1M130.0M149.5M88.5M
Net Working Capital(19.3M)185.9M1.8M60.8M70.0M36.7M
Intangible Assets377K1.7M33K3.7M4.3M2.2M
Common Stock32.0M378.9M429.1M530.1M609.6M640.1M
Other Assets973K90.6M38.2M1.3M1.5M1.4M
Long Term Debt14.8M174K910K4.1M3.7M3.3M
Short Long Term Debt17.2M70.3M43.1M4.0M4.6M4.4M
Capital Stock32.0M378.9M429.1M530.1M609.6M640.1M
Short Term Debt20.8M74.6M46.7M6.9M7.9M7.5M

Bitfarms Key Income Statement Accounts

202020212022202320242025 (projected)
Interest Expense6.1M3.4M14.2M11.9M13.7M7.0M
Ebit(10.4M)46.6M(171.7M)(102.2M)(92.0M)(87.4M)
Income Tax Expense172K20.5M(17.4M)(401K)(360.9K)(342.9K)
Tax Provision172K20.5M(17.4M)(401K)(360.9K)(342.9K)
Net Interest Income(10.1M)(23.9M)27.6M(13.4M)(15.4M)(14.6M)
Total Revenue34.8M169.2M(8.4M)146.4M168.3M87.1M
Gross Profit(1.9M)110.8M(140.3M)(21.5M)(19.4M)(18.4M)
Operating Income(9.3M)37.3M(284.0M)(72.1M)(64.9M)(68.2M)
Ebitda1.7M70.8M(102.2M)(15.9M)(14.3M)(13.6M)
Cost Of Revenue36.7M58.4M131.9M167.9M193.0M202.7M
Income Before Tax(16.1M)42.6M(256.5M)(104.4M)(94.0M)(98.7M)
Net Income(16.3M)22.1M(239.1M)(104.0M)(93.6M)(98.3M)

Bitfarms Key Cash Accounts

202020212022202320242025 (projected)
Change To Inventory(5K)(34K)(379K)(1.0)(1.15)(1.21)
Change In Cash3.8M119.6M(94.7M)53.2M61.1M64.2M
Net Borrowings12.9M(1.9M)49.5M(30.1M)(27.1M)(25.7M)
Depreciation11.5M24.5M72.4M86.3M99.3M104.3M
Capital Expenditures4.5M193.3M195.0M72.6M83.5M91.6M
Net Income(16.3M)22.1M(239.1M)(105.9M)(95.3M)(90.6M)
End Period Cash Flow5.9M125.6M30.9M84.0M96.6M101.5M
Change To Netincome(696K)8.8M(99.2M)206.9M237.9M249.8M
Investments(3.6M)(215.1M)(155.0M)(58.3M)(52.5M)(55.1M)
Free Cash Flow2.7M(230.4M)(158.7M)(48.6M)(43.7M)(45.9M)
Other Non Cash Items5.1M(130.6M)217.4M34.7M34.9M25.5M

Bitfarms Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Bitfarms's current stock value. Our valuation model uses many indicators to compare Bitfarms value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Bitfarms competition to find correlations between indicators driving Bitfarms's intrinsic value. More Info.
Bitfarms is rated fourth in return on equity category among its peers. It is rated fifth in return on asset category among its peers . At this time, Bitfarms' Return On Equity is most likely to slightly decrease in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value Bitfarms by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Bitfarms Systematic Risk

Bitfarms' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Bitfarms volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was five with a total number of output elements of fifty-six. The Beta measures systematic risk based on how returns on Bitfarms correlated with the market. If Beta is less than 0 Bitfarms generally moves in the opposite direction as compared to the market. If Bitfarms Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Bitfarms is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Bitfarms is generally in the same direction as the market. If Beta > 1 Bitfarms moves generally in the same direction as, but more than the movement of the benchmark.

Bitfarms Thematic Clasifications

Bitfarms is part of Banks investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. All money banks and credit services. Large and small money and credit banks and credit services
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Today, most investors in Bitfarms Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Bitfarms' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Bitfarms growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.1

At this time, Bitfarms' Price Earnings To Growth Ratio is most likely to increase slightly in the upcoming years.

Bitfarms March 18, 2025 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Bitfarms help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Bitfarms. We use our internally-developed statistical techniques to arrive at the intrinsic value of Bitfarms based on widely used predictive technical indicators. In general, we focus on analyzing Bitfarms Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Bitfarms's daily price indicators and compare them against related drivers.

Complementary Tools for Bitfarms Stock analysis

When running Bitfarms' price analysis, check to measure Bitfarms' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bitfarms is operating at the current time. Most of Bitfarms' value examination focuses on studying past and present price action to predict the probability of Bitfarms' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitfarms' price. Additionally, you may evaluate how the addition of Bitfarms to your portfolios can decrease your overall portfolio volatility.
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