Bitfarms Historical Balance Sheet

BITF Stock

1.48 0.01 0.68%

Trend analysis of Bitfarms balance sheet accounts such as Other Current Liab of 48.8 M, Total Current Liabilities of 44.1 M or Total Stockholder Equity of 355.9 M provides information on Bitfarms' total assets, liabilities, and equity, which is the actual value of Bitfarms to its prevalent stockholders. By breaking down trends over time using Bitfarms balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Covid

Financial Statement Analysis is much more than just reviewing and examining Bitfarms latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Bitfarms is a good buy for the upcoming year.

Bitfarms Inventory

424,285

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.

About Bitfarms Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Bitfarms at a specified time, usually calculated after every quarter, six months, or one year. Bitfarms Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bitfarms and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Bitfarms currently owns. An asset can also be divided into two categories, current and non-current.

Bitfarms Balance Sheet Chart

At this time, Bitfarms' Common Stock Shares Outstanding is very stable compared to the past year. As of the 23rd of March 2025, Other Current Assets is likely to grow to about 19.7 M, while Total Assets are likely to drop about 224.7 M.

Total Assets Other Current Liab Total Current Liabilities Total Stockholder Equity Other Assets

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Total Assets

Total assets refers to the total amount of Bitfarms assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Bitfarms books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Bitfarms balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Bitfarms are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most accounts from Bitfarms' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Bitfarms current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.At this time, Bitfarms' Common Stock Shares Outstanding is very stable compared to the past year. As of the 23rd of March 2025, Other Current Assets is likely to grow to about 19.7 M, while Total Assets are likely to drop about 224.7 M.

	2022	2023	2024	2025 (projected)
Other Current Liabilities	7.6M	40.4M	46.5M	48.8M
Total Assets	343.1M	378.7M	435.5M	224.7M

Other Current Liab Total Assets

Bitfarms balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Other Liab	Net Tangible Assets
Total Assets		0.71	0.99	0.95	0.9	-0.59	-0.68	0.88	0.91	0.97	0.91	0.49	0.81	0.78	0.85	0.69	0.75	0.76	0.98	0.94	-0.34	0.86	0.83	0.8	0.85	1.0
Other Current Liab	0.71		0.7	0.83	0.86	-0.84	-0.86	0.6	0.86	0.73	0.83	0.18	0.95	0.56	0.61	0.61	0.3	0.55	0.7	0.62	-0.03	0.93	0.9	0.39	0.44	0.68
Total Current Liabilities	0.99	0.7		0.94	0.9	-0.55	-0.68	0.86	0.9	0.96	0.89	0.51	0.81	0.78	0.8	0.65	0.74	0.79	0.99	0.93	-0.4	0.86	0.83	0.84	0.84	0.98
Total Stockholder Equity	0.95	0.83	0.94		0.96	-0.69	-0.74	0.84	0.97	0.92	0.96	0.48	0.9	0.75	0.79	0.65	0.72	0.66	0.94	0.9	-0.26	0.94	0.91	0.79	0.83	0.95
Property Plant And Equipment Net	0.9	0.86	0.9	0.96		-0.59	-0.88	0.87	0.89	0.94	0.86	0.62	0.97	0.8	0.76	0.64	0.53	0.72	0.91	0.77	-0.34	0.99	0.98	0.75	0.66	0.9
Net Debt	-0.59	-0.84	-0.55	-0.69	-0.59		0.54	-0.42	-0.8	-0.52	-0.8	0.24	-0.69	-0.24	-0.6	-0.63	-0.4	-0.22	-0.5	-0.64	-0.33	-0.69	-0.61	-0.16	-0.49	-0.57
Retained Earnings	-0.68	-0.86	-0.68	-0.74	-0.88	0.54		-0.74	-0.66	-0.8	-0.62	-0.54	-0.93	-0.64	-0.65	-0.62	-0.1	-0.61	-0.7	-0.44	0.22	-0.91	-0.94	-0.42	-0.26	-0.66
Accounts Payable	0.88	0.6	0.86	0.84	0.87	-0.42	-0.74		0.72	0.93	0.7	0.69	0.76	0.64	0.93	0.83	0.54	0.57	0.85	0.73	-0.19	0.81	0.82	0.69	0.64	0.89
Cash	0.91	0.86	0.9	0.97	0.89	-0.8	-0.66	0.72		0.84	1.0	0.26	0.87	0.67	0.72	0.61	0.74	0.62	0.89	0.92	-0.16	0.9	0.84	0.71	0.84	0.91
Non Current Assets Total	0.97	0.73	0.96	0.92	0.94	-0.52	-0.8	0.93	0.84		0.82	0.62	0.86	0.82	0.86	0.72	0.59	0.79	0.97	0.84	-0.38	0.9	0.9	0.76	0.71	0.96
Cash And Short Term Investments	0.91	0.83	0.89	0.96	0.86	-0.8	-0.62	0.7	1.0	0.82		0.24	0.83	0.66	0.71	0.59	0.78	0.61	0.88	0.93	-0.17	0.87	0.81	0.72	0.86	0.9
Net Receivables	0.49	0.18	0.51	0.48	0.62	0.24	-0.54	0.69	0.26	0.62	0.24		0.47	0.66	0.41	0.23	0.24	0.51	0.56	0.28	-0.61	0.51	0.58	0.69	0.3	0.52
Common Stock Shares Outstanding	0.81	0.95	0.81	0.9	0.97	-0.69	-0.93	0.76	0.87	0.86	0.83	0.47		0.72	0.69	0.63	0.37	0.67	0.82	0.66	-0.23	0.99	0.99	0.59	0.52	0.8
Non Current Liabilities Total	0.78	0.56	0.78	0.75	0.8	-0.24	-0.64	0.64	0.67	0.82	0.66	0.66	0.72		0.44	0.3	0.5	0.92	0.85	0.67	-0.66	0.75	0.76	0.81	0.6	0.78
Capital Surpluse	0.85	0.61	0.8	0.79	0.76	-0.6	-0.65	0.93	0.72	0.86	0.71	0.41	0.69	0.44		0.91	0.52	0.41	0.76	0.75	0.04	0.74	0.72	0.48	0.61	0.85
Inventory	0.69	0.61	0.65	0.65	0.64	-0.63	-0.62	0.83	0.61	0.72	0.59	0.23	0.63	0.3	0.91		0.32	0.33	0.6	0.59	0.33	0.66	0.64	0.26	0.41	0.68
Other Current Assets	0.75	0.3	0.74	0.72	0.53	-0.4	-0.1	0.54	0.74	0.59	0.78	0.24	0.37	0.5	0.52	0.32		0.41	0.72	0.9	-0.26	0.46	0.38	0.81	0.99	0.78
Other Stockholder Equity	0.76	0.55	0.79	0.66	0.72	-0.22	-0.61	0.57	0.62	0.79	0.61	0.51	0.67	0.92	0.41	0.33	0.41		0.85	0.64	-0.66	0.68	0.69	0.72	0.52	0.74
Total Liab	0.98	0.7	0.99	0.94	0.91	-0.5	-0.7	0.85	0.89	0.97	0.88	0.56	0.82	0.85	0.76	0.6	0.72	0.85		0.91	-0.47	0.87	0.85	0.86	0.82	0.98
Total Current Assets	0.94	0.62	0.93	0.9	0.77	-0.64	-0.44	0.73	0.92	0.84	0.93	0.28	0.66	0.67	0.75	0.59	0.9	0.64	0.91		-0.25	0.73	0.66	0.78	0.96	0.95
Intangible Assets	-0.34	-0.03	-0.4	-0.26	-0.34	-0.33	0.22	-0.19	-0.16	-0.38	-0.17	-0.61	-0.23	-0.66	0.04	0.33	-0.26	-0.66	-0.47	-0.25		-0.25	-0.29	-0.64	-0.29	-0.35
Common Stock	0.86	0.93	0.86	0.94	0.99	-0.69	-0.91	0.81	0.9	0.9	0.87	0.51	0.99	0.75	0.74	0.66	0.46	0.68	0.87	0.73	-0.25		0.99	0.65	0.6	0.85
Property Plant Equipment	0.83	0.9	0.83	0.91	0.98	-0.61	-0.94	0.82	0.84	0.9	0.81	0.58	0.99	0.76	0.72	0.64	0.38	0.69	0.85	0.66	-0.29	0.99		0.64	0.53	0.82
Short Long Term Debt Total	0.8	0.39	0.84	0.79	0.75	-0.16	-0.42	0.69	0.71	0.76	0.72	0.69	0.59	0.81	0.48	0.26	0.81	0.72	0.86	0.78	-0.64	0.65	0.64		0.85	0.83
Other Liab	0.85	0.44	0.84	0.83	0.66	-0.49	-0.26	0.64	0.84	0.71	0.86	0.3	0.52	0.6	0.61	0.41	0.99	0.52	0.82	0.96	-0.29	0.6	0.53	0.85		0.87
Net Tangible Assets	1.0	0.68	0.98	0.95	0.9	-0.57	-0.66	0.89	0.91	0.96	0.9	0.52	0.8	0.78	0.85	0.68	0.78	0.74	0.98	0.95	-0.35	0.85	0.82	0.83	0.87

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Bitfarms Account Relationship Matchups

Bitfarms balance sheet Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	51.7M	542.6M	343.1M	378.7M	435.5M	224.7M
Other Current Liab	4.7M	16.7M	7.6M	40.4M	46.5M	48.8M
Total Current Liabilities	28.5M	101.2M	67.2M	69.2M	79.5M	44.1M
Total Stockholder Equity	15.4M	422.6M	255.6M	294.8M	339.0M	355.9M
Property Plant And Equipment Net	41.2M	229.3M	268.0M	240.1M	276.2M	290.0M
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	6.8M
Cash	5.9M	125.3M	30.8M	84.0M	96.6M	101.5M
Non Current Assets Total	42.5M	255.5M	274.0M	248.7M	286.1M	144.0M
Other Assets	1.6M	973K	90.6M	38.2M	43.9M	24.3M
Long Term Debt	14.8M	174K	910K	4.1M	4.7M	3.8M
Cash And Short Term Investments	5.9M	191.3M	35.4M	115.9M	133.3M	140.0M
Net Receivables	1.4M	3.7M	16.8M	2.2M	2.5M	4.6M
Common Stock Shares Outstanding	84.9M	169.4M	207.8M	262.2M	301.6M	316.7M
Long Term Debt Total	693K	20.6M	7.6M	10.1M	11.7M	8.6M
Liabilities And Stockholders Equity	51.7M	542.6M	343.1M	378.7M	435.5M	224.7M
Non Current Liabilities Total	7.8M	18.8M	20.3M	14.8M	17.0M	13.2M
Inventory	169K	548K	588K	705K	810.8K	424.3K
Other Current Assets	1.7M	91.6M	16.3M	11.2M	12.8M	19.7M
Total Liab	36.3M	120.0M	87.5M	84.0M	96.6M	57.3M
Total Current Assets	9.2M	287.1M	69.1M	130.0M	149.5M	80.7M
Short Term Debt	20.8M	74.6M	46.7M	6.9M	7.9M	7.5M
Intangible Assets	377K	1.7M	33K	3.7M	3.3M	3.5M
Common Stock	32.0M	378.9M	429.1M	530.1M	609.6M	640.1M
Property Plant Equipment	44.0M	41.2M	146.2M	235.8M	271.2M	284.7M
Short Long Term Debt Total	28.4M	84.7M	65.0M	19.9M	22.9M	40.7M
Other Liab	193K	209K	8.7M	2.0M	2.3M	2.5M
Net Tangible Assets	27.4M	15.1M	403.9M	255.5M	293.9M	157.6M
Non Currrent Assets Other	942K	3.6M	6.0M	4.9M	5.6M	3.3M
Net Invested Capital	32.8M	493.8M	302.7M	298.8M	343.6M	218.0M
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
Net Working Capital	(19.3M)	185.9M	1.8M	60.8M	70.0M	42.3M
Capital Lease Obligations	11.0M	13.6M	17.9M	15.9M	18.2M	14.3M
Property Plant And Equipment Gross	73.5M	269.0M	416.6M	466.7M	536.7M	286.2M

Pair Trading with Bitfarms

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bitfarms position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bitfarms will appreciate offsetting losses from the drop in the long position's value.

Moving together with Bitfarms Stock

0.75	GOOG	Alphabet CDR	Pair Corr
0.7	NVDA	NVIDIA CDR	Pair Corr
0.89	MSFT	Microsoft Corp CDR	Pair Corr
0.92	TSLA	Tesla Inc CDR	Pair Corr

Moving against Bitfarms Stock

0.52	INTC	INTEL CDR	Pair Corr
0.31	GRA	NanoXplore	Pair Corr

The ability to find closely correlated positions to Bitfarms could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitfarms when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bitfarms - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bitfarms to buy it.

The correlation of Bitfarms is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bitfarms moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitfarms moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Bitfarms can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Bitfarms is a strong investment it is important to analyze Bitfarms' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bitfarms' future performance. For an informed investment choice regarding Bitfarms Stock, refer to the following important reports:

How To Invest In Bitfarms

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Is Bitfarms Stock a good investment?

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What is Bitfarms' Net Worth?

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To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.

You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Please note, there is a significant difference between Bitfarms' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitfarms is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitfarms' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Bitfarms Historical Balance Sheet

Bitfarms Inventory

424,285

About Bitfarms Balance Sheet Analysis

Bitfarms Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Bitfarms balance sheet Correlations

Bitfarms Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bitfarms balance sheet Accounts

Pair Trading with Bitfarms

Moving together with Bitfarms Stock

Moving against Bitfarms Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Tangible Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Common Stock	+ 0.99	Property Plant And Equipment Net
Common Stock	+ 0.99	Common Stock Shares Outstanding

Property Plant Equipment	- 0.94	Retained Earnings
Common Stock Shares Outstanding	- 0.93	Retained Earnings
Common Stock	- 0.91	Retained Earnings
Retained Earnings	- 0.88	Property Plant And Equipment Net
Retained Earnings	- 0.86	Other Current Liab
Net Debt	- 0.84	Other Current Liab