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Bitfarms Ltd

Financial Services CA BITF

3.02CAD
-0.01(0.33%)

Last update at 2026-03-12T20:00:00Z

Day Range

2.913.06
LowHigh

52 Week Range

0.969.27
LowHigh

Fundamentals

  • Previous Close 3.03
  • Market Cap1662.23M
  • Volume2745931
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA29.95M
  • Revenue TTM276.41M
  • Revenue Per Share TTM0.53
  • Gross Profit TTM 12.74M
  • Diluted EPS TTM-0.16

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Income before tax -68.35300M -104.43700M -256.46200M 42.64M -16.11700M
Minority interest - - - - 0.00000M
Net income -54.06300M -104.03600M -239.05000M 22.13M -16.28900M
Selling general administrative 72.66M 38.80M 51.51M 43.24M 3.35M
Selling and marketing expenses 0.72M 0.49M 0.33M 0.17M 0.04M
Gross profit -32.35900M -21.50200M -140.29200M 110.83M -1.90300M
Reconciled depreciation 140.97M 84.78M 72.42M 24.48M 11.49M
Ebit -66.61500M -92.51600M -284.02200M 37.35M -9.30600M
Ebitda 74.35M -7.73100M -95.24200M 61.82M 2.18M
Depreciation and amortization 140.97M 84.78M 188.78M 24.48M 11.49M
Non operating income net other - - - - -
Operating income -107.56300M -72.12900M -284.02200M 37.35M -9.30600M
Other operating expenses 300.44M 218.50M 181.25M 106.47M 40.08M
Interest expense 1.74M 4.08M 14.22M 3.42M 6.10M
Tax provision -14.29000M -0.40100M -17.41200M 20.51M 0.17M
Interest income 42.55M 1.42M 34.48M 2.08M 5.32M
Net interest income 0.96M -13.39700M 27.56M -23.86400M -10.12100M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense -14.29000M -0.40100M -17.41200M 20.51M 0.17M
Total revenue 192.88M 146.37M -8.38200M 169.20M 34.79M
Total operating expenses 75.20M 50.63M 49.34M 48.10M 3.39M
Cost of revenue 225.24M 167.87M 131.91M 58.37M 36.69M
Total other income expense net 39.21M -32.30800M 27.56M 5.29M -6.81100M
Discontinued operations - - - - -
Net income from continuing ops -54.06300M -104.03600M -239.05000M 22.13M -16.28900M
Net income applicable to common shares -54.06300M -108.92200M -239.05000M 22.13M -16.28900M
Preferred stock and other adjustments - - - - -
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 667.62M 378.73M 343.10M 542.59M 51.70M
Intangible assets 4.04M 3.70M 0.03M 1.68M 0.38M
Earning assets - - - - -
Other current assets - 11.16M 16.29M 91.56M 1.65M
Total liab 59.62M 83.96M 87.53M 120.00M 36.26M
Total stockholder equity 608.00M 294.76M 255.57M 422.58M 15.45M
Deferred long term liab - - - - -
Other current liab 8.14M 40.43M 7.64M 16.70M 5.62M
Common stock - 530.12M 429.12M 378.89M 32.00M
Capital stock 852.29M 530.12M 429.12M 378.89M 32.00M
Retained earnings -334.50700M -294.92400M -239.06500M -0.01500M -22.14500M
Other liab - - 1.98M 8.69M 0.21M
Good will - 0.00000M 0.00000M 16.95M -
Other assets - - 38.19M 90.58M 0.97M
Cash 59.54M 84.04M 30.81M 125.27M 5.95M
Cash and equivalents - - - 125.59M 5.95M
Total current liabilities 36.27M 69.15M 67.24M 101.18M 28.48M
Current deferred revenue - 12.77M - - 0.95M
Net debt - -64.16600M 34.20M -40.53100M 22.42M
Short term debt - 6.88M 46.70M 74.61M 20.80M
Short long term debt 0.15M 4.02M 43.05M 70.26M 17.17M
Short long term debt total - 19.87M 65.01M 84.74M 28.37M
Other stockholder equity - 56.62M - - -
Property plant equipment - - 235.79M 146.25M 41.19M
Total current assets 213.71M 129.98M 69.09M 287.13M 9.17M
Long term investments - - - - -
Net tangible assets - - 255.53M 403.95M 15.07M
Short term investments 87.30M 31.87M 4.63M 66.03M -
Net receivables 1.26M 2.21M 16.77M 3.71M 1.40M
Long term debt 1.43M - 4.09M 0.91M 0.17M
Inventory 1.18M 0.70M 0.59M 0.55M 0.17M
Accounts payable 21.91M 9.08M 12.90M 9.87M 2.06M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - 2.94M 65.51M 43.70M 5.59M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other - 4.90M 5.96M 3.62M 0.94M
Deferred long term asset charges - - - - -
Non current assets total 453.91M 248.74M 274.01M 255.46M 42.54M
Capital lease obligations 21.84M 15.85M 17.86M 13.57M 11.02M
Long term debt total - - - 10.14M 7.57M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Investments -178.38700M -58.34300M -155.01100M -215.14700M -3.60500M
Change to liabilities - - 0.09M 9.24M 0.11M
Total cashflows from investing activities -178.38700M 70.97M -155.01100M -215.14700M -3.60500M
Net borrowings -4.66900M -34.17900M -30.09700M 49.49M -1.86600M
Total cash from financing activities 294.46M 87.88M 24.01M 371.99M 0.18M
Change to operating activities - - -4.37500M -5.31600M 1.10M
Net income -54.06300M -108.92200M -239.05000M 22.13M -16.28900M
Change in cash -24.49600M 53.15M -94.70800M 119.65M 3.79M
Begin period cash flow 84.04M 30.89M 125.59M 5.95M 2.16M
End period cash flow 59.54M 84.04M 30.89M 125.59M 5.95M
Total cash from operating activities -140.56200M -105.71100M 36.25M -37.17000M 7.22M
Issuance of capital stock 289.53M 109.07M 54.09M 259.17M 0.05M
Depreciation 140.97M 84.78M 72.42M 24.48M 11.49M
Other cashflows from investing activities 5.46M 0.72M 39.97M -21.89100M 0.88M
Dividends paid - - - - -
Change to inventory -0.47500M -0.11700M - -0.37900M -0.03400M
Change to account receivables -0.54500M -0.01300M 0.43M 0.06M 0.00500M
Sale purchase of stock 298.42M 122.06M 54.11M 322.49M 2.05M
Other cashflows from financing activities 9.60M 12.98M 107.22M 137.54M 2.08M
Change to netincome - - 206.86M -99.16600M 8.78M
Capital expenditures 339.85M 71.31M 194.98M 193.26M 4.48M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -9.21600M 1.24M -3.97800M 15.39M 3.24M
Stock based compensation 13.95M 10.91M 21.79M 22.59M 2.20M
Other non cash items -216.39900M -110.81600M 217.44M -130.59300M 6.58M
Free cash flow -480.41600M -177.01600M -158.72800M -230.42600M 2.74M

Peer Comparison

Sector: Financial Services Industry: Capital Markets

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
BITF
Bitfarms Ltd		 -0.01 0.33% 3.02 - 84.03 6.01 2.22 4.23 26.38
MS
Morgan Stanley CDR (CAD Hedged)		 -1.39 4.24% 31.37 - - - -
SCHW
Charles Schwab CDR (CAD Hedged)		 0.11 0.39% 28.43 - - - -
GLXY
Galaxy Digital Holdings Ltd		 -1.01 3.46% 28.14 - 714.29 0.18 2.19 0.11 12.68
HUT
Hut 8 Mining Corp		 -3.23 4.65% 66.20 30.39 93.46 44.74 4.41 10.08 14.85

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Profile

Bitfarms Ltd. operates integrated bitcoin data centers in Canada, the United States, Paraguay, and Argentina. It primarily owns and operates data centers housing computers to validate transactions on the bitcoin blockchain, as well as sells computational power used for hashing calculations for cryptocurrency mining in multiple jurisdictions. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was formerly known as Bitfarms Technologies Ltd and changed its name to Bitfarms Ltd. in October 2018. The company was founded in 2017 and is based in Toronto, Canada.

Bitfarms Ltd

110 Yonge Street, Toronto, ON, Canada, M5C 1C4

Key Executives

Name Title Year Born
Mr. Nicolas Bonta Founder & Exec. Chairman 1975
Mr. Emiliano Joel Grodzki Founder, CEO & Director 1976
Mr. L. Geoffrey Morphy Pres & COO NA
Mr. Jeffrey P. Lucas Chief Financial Officer 1960
Mr. Benjamin Gagnon Chief Mining Officer NA
Mr. Marc-Andre Ammann VP Fin. & Accounting NA
Ms. Sonia Tercas Director of Investor Relations NA
Ms. Stephanie Wargo VP of Marketing & Communications NA
Mr. Philippe Fortier VP of Corp. Devel. NA
Ms. Andrea Keen Souza Vice-Pres of HR NA

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