Bitfarms Historical Income Statement

BITF Stock

1.48 0.01 0.68%

Historical analysis of Bitfarms income statement accounts such as Depreciation And Amortization of 102.4 M, Selling General Administrative of 23.5 M or Total Revenue of 176.7 M can show how well Bitfarms performed in making a profits. Evaluating Bitfarms income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Bitfarms's future profits or losses.

Cash Flow Balance Sheet Income Statement

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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.

Net Income Gross Profit

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 Income Statement Analysis

Bitfarms Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Bitfarms shareholders. The income statement also shows Bitfarms investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Bitfarms Income Statement Chart

At this time, Bitfarms' Reconciled Depreciation is very stable compared to the past year.

Selling General Administrative Other Operating Expenses Cost Of Revenue Total Operating Expenses

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Bitfarms. It is also known as Bitfarms overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on Bitfarms income statement and represents the costs associated with goods and services Bitfarms provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most accounts from Bitfarms' income statement are interrelated and interconnected. However, analyzing income statement 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 income statement 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' Reconciled Depreciation is very stable compared to the past year.

	2022	2023	2024	2025 (projected)
Depreciation And Amortization	72.4M	84.8M	97.5M	102.4M
Interest Income	34.5M	1.4M	1.6M	1.6M

Depreciation And Amortization Interest Income

Bitfarms income statement Correlations

	Tax Provision	Interest Income	Depreciation And Amortization	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Net Interest Income	Interest Expense	Selling And Marketing Expenses	Net Income From Continuing Ops	Reconciled Depreciation
Tax Provision		-0.67	-0.31	-0.13	0.5	0.9	-0.23	0.73	0.69	0.82	-0.28	-0.06	0.7	-0.16	0.68	0.84	-0.76	-0.46	-0.22	0.76	-0.32
Interest Income	-0.67		0.36	0.56	-0.33	-0.8	0.36	-0.89	-0.79	-0.91	0.33	0.5	-0.8	0.54	-0.81	-0.71	0.65	0.6	0.03	-0.82	0.34
Depreciation And Amortization	-0.31	0.36		0.81	0.64	-0.63	0.99	-0.71	-0.81	-0.48	1.0	0.81	-0.8	-0.5	-0.82	-0.59	-0.22	0.88	0.82	-0.75	1.0
Selling General Administrative	-0.13	0.56	0.81		0.53	-0.52	0.86	-0.74	-0.78	-0.54	0.81	1.0	-0.77	-0.12	-0.8	-0.49	-0.15	0.87	0.49	-0.68	0.79
Total Revenue	0.5	-0.33	0.64	0.53		0.19	0.68	0.03	-0.11	0.31	0.67	0.58	-0.09	-0.67	-0.13	0.17	-0.83	0.38	0.62	-0.01	0.64
Gross Profit	0.9	-0.8	-0.63	-0.52	0.19		-0.58	0.94	0.93	0.95	-0.6	-0.45	0.94	-0.03	0.92	0.96	-0.53	-0.77	-0.36	0.92	-0.61
Other Operating Expenses	-0.23	0.36	0.99	0.86	0.68	-0.58		-0.7	-0.8	-0.47	1.0	0.86	-0.78	-0.48	-0.8	-0.56	-0.28	0.89	0.76	-0.71	0.98
Operating Income	0.73	-0.89	-0.71	-0.74	0.03	0.94	-0.7		0.98	0.94	-0.68	-0.68	0.99	-0.11	0.98	0.89	-0.43	-0.84	-0.39	0.95	-0.69
Ebit	0.69	-0.79	-0.81	-0.78	-0.11	0.93	-0.8	0.98		0.9	-0.79	-0.73	1.0	0.07	1.0	0.9	-0.28	-0.91	-0.47	0.94	-0.79
Ebitda	0.82	-0.91	-0.48	-0.54	0.31	0.95	-0.47	0.94	0.9		-0.46	-0.46	0.9	-0.24	0.88	0.93	-0.58	-0.71	-0.11	0.85	-0.45
Cost Of Revenue	-0.28	0.33	1.0	0.81	0.67	-0.6	1.0	-0.68	-0.79	-0.46		0.81	-0.78	-0.52	-0.8	-0.59	-0.28	0.88	0.78	-0.71	0.99
Total Operating Expenses	-0.06	0.5	0.81	1.0	0.58	-0.45	0.86	-0.68	-0.73	-0.46	0.81		-0.72	-0.15	-0.75	-0.43	-0.21	0.85	0.51	-0.64	0.79
Income Before Tax	0.7	-0.8	-0.8	-0.77	-0.09	0.94	-0.78	0.99	1.0	0.9	-0.78	-0.72		0.05	1.0	0.9	-0.32	-0.9	-0.49	0.95	-0.78
Total Other Income Expense Net	-0.16	0.54	-0.5	-0.12	-0.67	-0.03	-0.48	-0.11	0.07	-0.24	-0.52	-0.15	0.05		0.04	0.08	0.68	-0.24	-0.58	-0.07	-0.49
Net Income	0.68	-0.81	-0.82	-0.8	-0.13	0.92	-0.8	0.98	1.0	0.88	-0.8	-0.75	1.0	0.04		0.87	-0.3	-0.91	-0.51	0.96	-0.8
Income Tax Expense	0.84	-0.71	-0.59	-0.49	0.17	0.96	-0.56	0.89	0.9	0.93	-0.59	-0.43	0.9	0.08	0.87		-0.42	-0.75	-0.26	0.8	-0.56
Net Interest Income	-0.76	0.65	-0.22	-0.15	-0.83	-0.53	-0.28	-0.43	-0.28	-0.58	-0.28	-0.21	-0.32	0.68	-0.3	-0.42		-0.03	-0.17	-0.46	-0.2
Interest Expense	-0.46	0.6	0.88	0.87	0.38	-0.77	0.89	-0.84	-0.91	-0.71	0.88	0.85	-0.9	-0.24	-0.91	-0.75	-0.03		0.52	-0.81	0.86
Selling And Marketing Expenses	-0.22	0.03	0.82	0.49	0.62	-0.36	0.76	-0.39	-0.47	-0.11	0.78	0.51	-0.49	-0.58	-0.51	-0.26	-0.17	0.52		-0.56	0.86
Net Income From Continuing Ops	0.76	-0.82	-0.75	-0.68	-0.01	0.92	-0.71	0.95	0.94	0.85	-0.71	-0.64	0.95	-0.07	0.96	0.8	-0.46	-0.81	-0.56		-0.75
Reconciled Depreciation	-0.32	0.34	1.0	0.79	0.64	-0.61	0.98	-0.69	-0.79	-0.45	0.99	0.79	-0.78	-0.49	-0.8	-0.56	-0.2	0.86	0.86	-0.75

Click cells to compare fundamentals

Bitfarms Account Relationship Matchups

Bitfarms income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Tax Provision	172K	20.5M	(17.4M)	(401K)	(360.9K)	(342.9K)
Interest Income	5.3M	2.1M	34.5M	1.4M	1.6M	1.6M
Depreciation And Amortization	11.5M	24.5M	72.4M	84.8M	97.5M	102.4M
Selling General Administrative	3.3M	43.2M	51.5M	38.8M	44.6M	23.5M
Total Revenue	34.8M	169.2M	(8.4M)	146.4M	168.3M	176.7M
Gross Profit	(1.9M)	110.8M	(140.3M)	(21.5M)	(19.4M)	(18.4M)
Other Operating Expenses	40.1M	106.5M	181.3M	210.4M	241.9M	254.0M
Operating Income	(9.3M)	37.3M	(284.0M)	(72.1M)	(64.9M)	(68.2M)
Ebit	(9.3M)	37.3M	(167.7M)	(65.5M)	(58.9M)	(56.0M)
Ebitda	2.2M	61.8M	(95.2M)	19.3M	17.4M	18.2M
Cost Of Revenue	36.7M	58.4M	131.9M	167.9M	193.0M	202.7M
Total Operating Expenses	3.4M	48.1M	49.3M	42.5M	48.9M	25.0M
Income Before Tax	(16.1M)	42.6M	(256.5M)	(104.4M)	(94.0M)	(89.3M)
Total Other Income Expense Net	(6.8M)	5.3M	27.6M	(27.0M)	(31.1M)	(29.5M)
Net Income Applicable To Common Shares	2.9M	(16.3M)	22.1M	(239.1M)	(215.1M)	(204.4M)
Net Income	(16.3M)	22.1M	(239.1M)	(104.0M)	(93.6M)	(89.0M)
Income Tax Expense	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)
Interest Expense	6.1M	3.4M	14.2M	11.9M	13.7M	7.2M
Selling And Marketing Expenses	38K	174K	333K	491K	564.7K	592.9K
Net Income From Continuing Ops	(16.3M)	22.1M	(239.1M)	(104.0M)	(93.6M)	(98.3M)
Reconciled Depreciation	11.5M	24.5M	72.4M	84.8M	97.5M	102.4M

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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Bitfarms Historical Income Statement

About Bitfarms Income Statement Analysis

Bitfarms Income Statement Chart

Other Operating Expenses

Cost Of Revenue

Total Operating Expenses

Bitfarms income statement Correlations

Bitfarms Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bitfarms income statement Accounts

Pair Trading with Bitfarms

Moving together with Bitfarms Stock

Moving against Bitfarms Stock

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Cost Of Revenue	+ 1.0	Depreciation And Amortization
Reconciled Depreciation	+ 1.0	Depreciation And Amortization
Total Operating Expenses	+ 1.0	Selling General Administrative
Cost Of Revenue	+ 1.0	Other Operating Expenses
Income Before Tax	+ 1.0	Ebit
Net Income	+ 1.0	Ebit

Interest Expense	- 0.91	Net Income
Interest Expense	- 0.91	Ebit
Ebitda	- 0.91	Interest Income
Interest Expense	- 0.9	Income Before Tax
Operating Income	- 0.89	Interest Income
Interest Expense	- 0.84	Operating Income