Bitfarms Financials
| BITF Stock | USD 1.10 0.01 0.90% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Debt Equity Ratio | 0.0737 | 0.0775 |
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| Current Ratio | 1.13 | 1.69 |
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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 |
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Bitfarms | Select Account or Indicator |
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 |
| Instrument | USA Stock View All |
| Exchange | NASDAQ Exchange |
| ISIN | CA09173B1076 |
| CUSIP | 09173B107 |
| Location | Ontario; Canada |
| Business Address | 110 Yonge Street, |
| Sector | Capital Markets |
| Industry | Financials |
| Benchmark | Dow Jones Industrial |
| Website | www.bitfarms.com |
| Phone | 647 259 1790 |
| Currency | USD - US Dollar |
Bitfarms Key Financial Ratios
| Return On Equity | -0.33 | ||||
| Profit Margin | (0.72) % | ||||
| Operating Margin | (0.88) % | ||||
| Price To Sales | 3.00 X | ||||
| Revenue | 146.37 M |
Bitfarms Key Balance Sheet Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Total Assets | 51.7M | 542.6M | 343.1M | 378.7M | 435.5M | 248.7M | |
| Other Current Liab | 3.4M | 4.6M | 7.6M | 52.1M | 59.9M | 62.9M | |
| Other Liab | 193K | 209K | 8.7M | 2.0M | 2.3M | 2.2M | |
| Net Tangible Assets | 27.4M | 15.1M | 403.9M | 255.5M | 293.9M | 308.6M | |
| Net Debt | 22.4M | (40.5M) | 34.2M | (64.2M) | (57.7M) | (54.9M) | |
| Retained Earnings | (22.1M) | (15K) | (239.1M) | (294.9M) | (265.4M) | (252.2M) | |
| Accounts Payable | 2.1M | 9.9M | 12.9M | 9.1M | 10.4M | 7.2M | |
| Cash | 5.9M | 125.3M | 30.8M | 84.0M | 96.6M | 101.5M | |
| Net Receivables | 1.4M | 1.0M | 701K | 714K | 642.6K | 1.0M | |
| Inventory | 169K | 548K | 588K | 705K | 810.8K | 468.2K | |
| Other Current Assets | 1.7M | 159.9M | 36.9M | 44.5M | 51.2M | 40.2M | |
| Total Liab | 36.3M | 120.0M | 87.5M | 84.0M | 96.6M | 61.7M | |
| Net Invested Capital | 32.8M | 493.8M | 302.7M | 298.8M | 343.6M | 191.2M | |
| Total Current Assets | 9.2M | 287.1M | 69.1M | 130.0M | 149.5M | 88.5M | |
| Net Working Capital | (19.3M) | 185.9M | 1.8M | 60.8M | 70.0M | 36.7M | |
| Intangible Assets | 377K | 1.7M | 33K | 3.7M | 4.3M | 2.2M | |
| Common Stock | 32.0M | 378.9M | 429.1M | 530.1M | 609.6M | 640.1M | |
| Other Assets | 973K | 90.6M | 38.2M | 1.3M | 1.5M | 1.4M | |
| Long Term Debt | 14.8M | 174K | 910K | 4.1M | 3.7M | 3.3M | |
| Short Long Term Debt | 17.2M | 70.3M | 43.1M | 4.0M | 4.6M | 4.4M | |
| Capital Stock | 32.0M | 378.9M | 429.1M | 530.1M | 609.6M | 640.1M | |
| Short Term Debt | 20.8M | 74.6M | 46.7M | 6.9M | 7.9M | 7.5M |
Bitfarms Key Income Statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Interest Expense | 6.1M | 3.4M | 14.2M | 11.9M | 13.7M | 7.0M | |
| Ebit | (10.4M) | 46.6M | (171.7M) | (102.2M) | (92.0M) | (87.4M) | |
| Income Tax Expense | 172K | 20.5M | (17.4M) | (401K) | (360.9K) | (342.9K) | |
| Tax Provision | 172K | 20.5M | (17.4M) | (401K) | (360.9K) | (342.9K) | |
| Net Interest Income | (10.1M) | (23.9M) | 27.6M | (13.4M) | (15.4M) | (14.6M) | |
| Total Revenue | 34.8M | 169.2M | (8.4M) | 146.4M | 168.3M | 87.1M | |
| 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) | |
| Ebitda | 1.7M | 70.8M | (102.2M) | (15.9M) | (14.3M) | (13.6M) | |
| Cost Of Revenue | 36.7M | 58.4M | 131.9M | 167.9M | 193.0M | 202.7M | |
| 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Change To Inventory | (5K) | (34K) | (379K) | (1.0) | (1.15) | (1.21) | |
| Change In Cash | 3.8M | 119.6M | (94.7M) | 53.2M | 61.1M | 64.2M | |
| Net Borrowings | 12.9M | (1.9M) | 49.5M | (30.1M) | (27.1M) | (25.7M) | |
| Depreciation | 11.5M | 24.5M | 72.4M | 86.3M | 99.3M | 104.3M | |
| Capital Expenditures | 4.5M | 193.3M | 195.0M | 72.6M | 83.5M | 91.6M | |
| Net Income | (16.3M) | 22.1M | (239.1M) | (105.9M) | (95.3M) | (90.6M) | |
| End Period Cash Flow | 5.9M | 125.6M | 30.9M | 84.0M | 96.6M | 101.5M | |
| Change To Netincome | (696K) | 8.8M | (99.2M) | 206.9M | 237.9M | 249.8M | |
| Investments | (3.6M) | (215.1M) | (155.0M) | (58.3M) | (52.5M) | (55.1M) | |
| Free Cash Flow | 2.7M | (230.4M) | (158.7M) | (48.6M) | (43.7M) | (45.9M) | |
| Other Non Cash Items | 5.1M | (130.6M) | 217.4M | 34.7M | 34.9M | 25.5M |
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 function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. 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
This theme covers All money banks and credit services. Large and small money and credit banks and credit services. Get More Thematic Ideas
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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 |
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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.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 22.92 | |||
| Value At Risk | (8.87) | |||
| Potential Upside | 6.83 |
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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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