About BITF
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. 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 ... [Read more]
Industry Capital Markets
Sector Financials
Founded 2017
Employees 170
Stock Exchange NASDAQ
Ticker Symbol BITF
Full Company Profile
Financial Performance
In 2023, Bitfarms's revenue was $146.37 million, an increase of 2.76% compared to the previous year's $142.43 million. Losses were -$104.04 million, -40.77% less than in 2022.
Financial Statements
Analyst Forecast
According to 5 analysts, the average rating for BITF stock is "Strong Buy." The 12-month stock price forecast is $4.0, which is an increase of 85.19% from the latest price.
Price Target
$4.0
(85.19% upside)
Analyst Consensus: Strong Buy
Stock Forecasts
News
Bitfarms to Acquire Stronghold Digital Mining
- Expands and Rebalances Bitfarms Energy Portfolio to Approximately 50% in the U.S. by YE 2025, Consistent with Strategic Plan -
11 days ago - GlobeNewsWire
Bitcoin miner Riot Platforms raises stake in rival Bitfarms to 18.9%
Bitcoin miner Riot Platforms said on Tuesday it had increased its stake in rival Bitfarms to 18.9%.
Other symbols: RIOT
18 days ago - Reuters
Riot Platforms, Inc. Reports Beneficial Ownership of 18.9% in Bitfarms Ltd.
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (“Riot”) issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over ...
Other symbols: RIOT
18 days ago - Business Wire
Bitcoin miner Bitfarms chair Bonta to step down
Bitcoin miner Bitfarms said on Tuesday its co-founder and chair, Nicolas Bonta, will step down from the board, effective immediately.
19 days ago - Reuters
Bitfarms Announces Board of Directors and Leadership Updates
-CEO Ben Gagnon Appointed to the Board; Lead Director Brian Howlett appointed Independent Chairman- -Co-Founder and Chairman Nicolas Bonta to Step Down- -Seasoned Operating Executive Liam Wilson to Jo...
19 days ago - GlobeNewsWire
Bitfarms Ltd. (BITF) Q2 2024 Earnings Call Transcript
Bitfarms Ltd. (NASDAQ:BITF) Q2 2024 Earnings Conference Call August 8, 2024 8:00 AM ET Company Participants Ben Gagnon - Chief Executive Officer Jeff Lucas - Chief Financial Officer.
22 days ago - Seeking Alpha
Bitfarms Schedules Second Quarter 2024 Conference Call on August 8th, 2024
TORONTO, Ontario and BROSSARD, Québec, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining data center company, will report its second qua...
4 weeks ago - GlobeNewsWire
Bitfarms Provides July 2024 Production and Operations Update
- Earned 253 BTC in July 2024 & Increased HODL to 1,016 BTC -- Increased Operational Hashrate to 11.1 EH/s - This news release constitutes a “designated news release” for the purposes of the Company's...
4 weeks ago - GlobeNewsWire
Bitfarms Announces Toronto Stock Exchange Deferral of Consideration of Shareholder Rights Plan
This news release constitutes a “designated news release” for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023.
5 weeks ago - GlobeNewsWire
Bitfarms Issues Statement Regarding Decision by Capital Markets Tribunal of theOntario Securities Commission
- Announces Adoption of New Shareholder Rights Plan - - Reiterates Commitment to Maximize Value for All Shareholders -
5 weeks ago - GlobeNewsWire
Tribunal terminates Bitfarms' 'poison pill' against Riot
Bitcoin miner Riot Platforms said on Wednesday the Ontario Capital Markets Tribunal terminated rival Bitfarms' attempt to adopt a "poison pill" to thwart its acquisition.
5 weeks ago - Reuters
Bitfarms' Newly Appointed CEO to Participate Today in a Fireside Chat Hosted by H.C. Wainwright
TORONTO, Ontario and BROSSARD, Québec, July 17, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, announces its participation in a ...
6 weeks ago - GlobeNewsWire
Bitfarms Sets Date of Special Meeting of Shareholders
This news release constitutes a “designated news release” for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. ...
7 weeks ago - GlobeNewsWire
Bitfarms names new CEO to guide it through strategic review
Bitcoin miner Bitfarms , has appointed insider Ben Gagnon as its new chief executive officer to oversee a strategic review and navigate a dispute with its biggest shareholder, Riot Platforms.
7 weeks ago - Reuters
Riot Launches www.ABetterBitfarms.com
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot”) today launched www.ABetterBitfarms.com in connection with its requisition of a special meeting of shareholders (the “S...
Other symbols: RIOT
7 weeks ago - Business Wire
Bitfarms, TeraWulf And Other Big Stocks Moving Lower In Friday's Pre-Market Session
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.2% on Friday.
Other symbols: WULF
2 months ago - Benzinga
Crypto, Retail, and Oil Are Hot for Deals. Check These Stocks.
These companies could be potential targets or buyers in the second half of 2024.
Other symbols: CIVICORZCTRADVNKSSOVVRIOT
2 months ago - Barrons
Bitfarms Provides June 2024 Productionand Operations Update
- Earned 189 BTC in June 2024 -- Increased installed hashrate to 11.4 EH/s with 10.4 EH/s operational - - Improved energy efficiency to 25 w/TH, up 36% Y/Y and 7.4% M/M -- Strategic U.S. expansion wit...
2 months ago - GlobeNewsWire
Bitfarms Announces Appointment of Fanny Philip to Board of Directors
This news release constitutes a “designated news release” for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023
2 months ago - GlobeNewsWire
Bitfarms Receives Shareholder Meeting Requisition
Reiterates Commitment to Strategic Alternative Review Process to Maximize Shareholder Value No Shareholder Action Required at this Time This news release constitutes a “designated news release” for th...
2 months ago - GlobeNewsWire
Riot Platforms withdraws offer for rival Bitfarms, seeks three board seats
Bitcoin miner Riot Platforms said on Monday it was withdrawing its offer for Bitfarms and had nominated three directors to the board of rival crypto miner.
Other symbols: RIOT
2 months ago - Reuters
Riot Requisitions Special Meeting of Bitfarms Shareholders and Nominates Three Highly Qualified, Independent Directors to Bring Urgently Needed Change to Bitfarms Board
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot”) today announced that it has requisitioned a special meeting of Bitfarms Ltd. (NASDAQ: BITF) (“Bitfarms” or the “Compan...
Other symbols: RIOT
2 months ago - Business Wire
Why is Riot Platforms in a hostile takeover of Bitfarms?
Bitfarms (NASDAQ: BITF) and Riot Platforms (NASDAQ: RIOT) stock prices have been in the spotlight in the past few weeks. BITF has surged by over 78% in the past 30 days, giving it a market cap of over...
Other symbols: RIOT
2 months ago - Invezz
Riot Platforms boosts stake in Bitfarms to 14%
Bitfarms Ltd (NASDAQ: BITF) is gaining this morning after Riot Platforms Inc (NASDAQ: RIOT) increased its stake in the Bitcoin miner to about $14%. Riot now owns over 59 million Bitfarms shares Riot ...
Other symbols: RIOT
2 months ago - Invezz
MSFT Falls & Latest in RIOT Acquisition of BITF
Microstrategy (MSTR) shares fall after they announced plans to raise $500N to buy more Bitcoin. Kevin Green discusses this, as well as the latest in Riot Platforms (RIOT) acquisition pursuit of Bit Fa...
Other symbols: MSFTRIOT
2 months ago - Schwab Network
