Bitfarms Ltd.

BITF

CA09173B1076

Bitfarms Ltd. is a Canada-based global vertically integrated bitcoin mining company. The Company develops, owns, and operates vertically integrated mining farms with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Companyâs proprietary data analytics system delivers operational performance and uptime. The Company operates through the cryptocurrency mining segment. The Company operates server farms comprised of computers (Miners) designed for the purpose of validating transactions on the Bitcoin (BTC) Blockchain (Mining). The Company also operates Miners about 24 hours a day producing computational power (measured by hashrate) which it sells to Mining Pools under a formula-driven rate commonly known as Full Pay Per Share (FPPS). The Company has 11 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.

Sector

Blockchain & Cryptocurrency

Calendar

2024-05-31 - Annual General Meeting

More about the company

Income Statement Evolution

More financial data

Ratings for Bitfarms Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.207 USD

Average target price

5.141 USD

Spread / Average Target

+132.92%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Cryptocurrency Mining

	1st Jan change	Capi.
BITFARMS LTD.	-21.04%	880M
MARATHON DIGITAL HOLDINGS, INC.	-12.09%	5.66B
CLEANSPARK, INC.	+56.66%	4.03B
PHOENIX GROUP PLC	-21.88%	3.11B
RIOT PLATFORMS, INC.	-34.07%	2.99B
CIPHER MINING INC.	-6.17%	1.24B
BITDEER TECHNOLOGIES GROUP	-38.95%	725M
TERAWULF INC.	-15.62%	691M
APPLIED DIGITAL CORPORATION	-35.01%	619M
BITFUFU INC.	-67.92%	573M

Cryptocurrency Mining

Delayed Toronto S.E. Other stock markets 11:05:55 2024-05-29 am EDT			5-day change	1st Jan Change
3.04 ^CAD	+1.00%		+9.35%	-21.04%

02:01pm	Bitfarms Looking at Alternatives After Rejecting Riot Offer	DJ
01:25pm	Bitfarms Responding to Unsolicited Proposal from Riot Platforms; BITF Up More Than 1% In US Premarket, Having Jumped In Both Canada and US on Tuesday	MT

Bitfarms Looking at Alternatives After Rejecting Riot Offer	08:01am	DJ
Bitfarms Responding to Unsolicited Proposal from Riot Platforms; BITF Up More Than 1% In US Premarket, Having Jumped In Both Canada and US on Tuesday	07:25am	MT
Bitfarms Brief: Reaffirming Confidence in Business and Guidance of 21 EH/s and 21 w/TH in 2024	07:10am	MT
Bitfarms Brief: Company Says "Committed to Maximizing Value for All Shareholders"; Strategic Alternatives Process Underway	07:10am	MT
Bitfarms Brief: Responding to Unsolicited Proposal from Riot Platforms	07:09am	MT
Riot Platforms Boosts Beneficial Ownership Stake in Bitfarms to 10%, Plans to Nominate Independent Directors	07:03am	MT
Riot Platforms Offers to Buy Bitfarms for USD 950 Million	05:18am	CI
Riot Platforms Discloses Proposal to Acquire Rival Bitcoin Miner Bitfarms	May. 28	MT
Sector Update: Financial Stocks Retreat Late Afternoon	May. 28	MT
Sector Update: Financial Stocks Decline Tuesday Afternoon	May. 28	MT
Sector Update: Financial	May. 28	MT
Riot Platforms Sends a Letter to the Board of Bitfarms	May. 28	CI
Riot Proposes $2.30 per Share to Acquire Bitfarms in Cash, Stock Deal	May. 28	MT
Riot Platforms proposes to buy crypto miner Bitfarms, becomes largest shareholder	May. 28	RE
Nasdaq-Listed Riot Platforms Offers to Buy Crypto Miner Bitfarms For US$2.30 Per Share; BITF Up 9% at US$2.21 In US Premarket	May. 28	MT
Riot Proposes to Acquire Bitfarms for $2.30 Per Share	May. 28	MT
Riot Proposes to Acquire Bitfarms for $2.30 Per Share	May. 28	MT
Riot Platforms proposes to buy crypto miner Bitfarms	May. 28	RE
Bitfarms Brief: Intends to Requisition a Special Meeting of Bitfarms' Shareholders to Add New Independent Directors to Bitfarms' Board	May. 28	MT
Bitfarms Brief: Riot Has Acquired a 9.25% Stake to Become Bitfarms' Largest Shareholder	May. 28	MT
Bitfarms Brief: Reflecting a 24% Premium to Bitfarms' One-Month Volume Weighted Average Price	May. 28	MT
Bitfarms Brief: Nasdaq-listed Riot Platforms Proposes to Acquire Bitfarms for US$2.30 Per Share	May. 28	MT
Riot Platforms, Inc. cancelled the acquisition of remaining 90.75% stake in Bitfarms Ltd. for approximately $830 million.	May. 27	CI
B. Riley Lowers Price Target on Bitfarms to $3 From $4, Maintains Buy Rating	May. 17	MT
Toronto Stocks Edge Up; Boyd Group Services Down on 1Q Earnings Decline, 2Q Outlook	May. 15	DJ