NASDAQ:BITF Bitfarms (BITF) Stock Price, News & Analysis → The most important AI company you've never heard of (From Manward Press) (Ad) Free BITF Stock Alerts $1.85 +0.24 (+14.91%) (As of 04:27 PM ET) Add Compare Share Share Today's Range$1.65▼$1.8850-Day Range$1.59▼$2.6752-Week Range$0.92▼$3.91Volume24.80 million shsAverage Volume23.26 million shsMarket Capitalization$659.14 millionP/E RatioN/ADividend YieldN/APrice Target$4.20 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Bitfarms alerts: Email Address Bitfarms MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside127.0% Upside$4.20 Price TargetShort InterestHealthy8.27% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.61Based on 18 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.09) to $0.15 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.01 out of 5 starsBusiness Services Sector216th out of 317 stocksNondepository Credit Institutions Industry34th out of 49 stocks 3.5 Analyst's Opinion Consensus RatingBitfarms has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageBitfarms has only been the subject of 3 research reports in the past 90 days.Read more about Bitfarms' stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted8.27% of the float of Bitfarms has been sold short.Short Interest Ratio / Days to CoverBitfarms has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Bitfarms has recently decreased by 10.69%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldBitfarms does not currently pay a dividend.Dividend GrowthBitfarms does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BITF. Previous Next 2.0 News and Social Media Coverage News SentimentBitfarms has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.News Coverage This WeekMarketBeat has tracked 18 news articles for Bitfarms this week, compared to 3 articles on an average week.Search InterestOnly 22 people have searched for BITF on MarketBeat in the last 30 days. This is a decrease of -37% compared to the previous 30 days.MarketBeat FollowsOnly 16 people have added Bitfarms to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Bitfarms insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 9.50% of the stock of Bitfarms is held by insiders.Percentage Held by InstitutionsOnly 20.59% of the stock of Bitfarms is held by institutions.Read more about Bitfarms' insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Bitfarms are expected to grow in the coming year, from ($0.09) to $0.15 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Bitfarms is -5.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Bitfarms is -5.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioBitfarms has a P/B Ratio of 2.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Bitfarms' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaTech GIANT’s Plans to Revolutionize Crypto…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024. Claim your free seat by clicking here now. About Bitfarms Stock (NASDAQ: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 founded in 2017 and is based in Toronto, Canada.Read More BITF Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BITF Stock News HeadlinesMay 14 at 8:00 AM | marketbeat.comCrypto Miners Strike Gold in AI: Stocks to WatchThe cryptocurrency mining sector was once a symbol of booming growth and rapid innovation, but it now faces a series of daunting challenges. Rising energy costs are squeezing profit margins, and recently, the Bitcoin halving event cut the rewards to mining companies in half.May 14 at 8:00 AM | marketbeat.comCrypto Miners Strike Gold in AI: Stocks to Watch (BITF)Crypto mining companies are using their high-performance computing power to diversify into artificial intelligence, creating a new growth model.April 23, 2024 | marketbeat.comBeyond the Halving: The Future of Bitcoin Mining StocksBitcoin (BTC) is the pioneering cryptocurrency that has revolutionized the fintech sector since its inception in 2009. Underpinning this digital currency is a decentralized ledger known as the blockchain, which records all transactions and ensures the system's integrity.April 23, 2024 | marketbeat.comBeyond the Halving: The Future of Bitcoin Mining Stocks (BITF)The Bitcoin halving event presents challenges and opportunities for mining companies, necessitating adaptation and innovation to thrive in the evolving sector.May 15 at 7:00 AM | globenewswire.comBitfarms Reports First Quarter 2024 ResultsMay 13 at 3:29 PM | msn.comWhat's Going On With Bitcoin Mining Stock Bitfarms?May 13 at 10:28 AM | marketwatch.comBitfarms Shares Slide as Ousted CEO Seeks $27M in DamagesMay 13 at 7:00 AM | globenewswire.comBitfarms Reschedules First Quarter Conference Call to May 15th at 8:00am ETMay 13 at 7:00 AM | globenewswire.comBitfarms Announces Acceleration of Previously Announced Termination of CEO and Provides Update on New CEO AppointmentMay 11, 2024 | investorplace.comSpeculative Plays Under $10: 3 High-Risk, High-Reward Stocks With 2X PotentialMay 11, 2024 | americanbankingnews.comBitfarms (BITF) to Release Earnings on MondayMay 10, 2024 | investorplace.com3 Crypto Penny Stocks that Could Surge 10X This YearMay 10, 2024 | investorplace.com7 Massively Undervalued Penny Stocks to Buy for 7-Bagger ReturnsMay 10, 2024 | americanbankingnews.comHead-To-Head Survey: Runway Growth Finance (NASDAQ:RWAY) and Bitfarms (NASDAQ:BITF)April 30, 2024 | investorplace.com3 Hot Penny Stocks That Can Rocket 100% in the Blink of an EyeApril 29, 2024 | thestreet.comThe Runes protocol has been a boon for bitcoin miners, but will the frenzy last?April 29, 2024 | seekingalpha.comBitfarms: Efficiency Deserves A Price PremiumApril 26, 2024 | globenewswire.comBitfarms Schedules First Quarter 2024 Conference Call on May 13, 2024April 18, 2024 | investorplace.com7 Under-The-Radar Penny Stocks to Buy for Multibagger Returns: April 2024April 12, 2024 | globenewswire.comBitfarms Reaches 7 EH/s with Completion of Fleet Upgrade at Garlock and Farnham FacilitiesApril 7, 2024 | investorplace.comFrom Pennies to Profits: 3 Stocks That Could Transform Your $100 into a GrandApril 6, 2024 | investorplace.comThe 3 Most Undervalued Penny Stocks to Buy in April 2024April 5, 2024 | investorplace.comPenny Stock Powerhouses: 3 Picks Ready to Soar 1,000% in 2024April 3, 2024 | thestreet.comIndustry leaders discuss growth of public bitcoin miners, projected at $20 billionApril 1, 2024 | investorplace.com3 Penny Stocks on the Brink of GreatnessSee More Headlines Receive BITF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Bitfarms and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings3/07/2024Today5/15/2024Next Earnings (Confirmed)5/15/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Nondepository credit institutions Sub-IndustryN/A Current SymbolNASDAQ:BITF CUSIPN/A CIK1812477 Webwww.bitfarms.com Phone64-7259-1790FaxN/AEmployees170Year FoundedN/APrice Target and Rating Average Stock Price Target$4.20 High Stock Price Target$5.00 Low Stock Price Target$4.00 Potential Upside/Downside+127.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.37) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-104,040,000.00 Net Margins-70.53% Pretax Margin-71.35% Return on Equity-19.58% Return on Assets-16.13% Debt Debt-to-Equity Ratio0.04 Current Ratio1.88 Quick Ratio1.88 Sales & Book Value Annual Sales$146.37 million Price / Sales4.49 Cash Flow$0.11 per share Price / Cash Flow17.09 Book Value$0.88 per share Price / Book2.10Miscellaneous Outstanding Shares356,290,000Free Float322,444,000Market Cap$657.36 million OptionableOptionable Beta3.65 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. L. Geoffrey MorphyPresident, CEO & DirectorMr. Jeffrey P. Lucas (Age 64)Chief Financial Officer Comp: $552.47kMr. Benjamin GagnonChief Mining OfficerMr. Benoit GobeilExecutive Vice President - Infrastructure and OperationsMr. Marc-Andre AmmannVice President Finance & AccountingMs. Tracy H. Krumme (Age 56)Senior VP & Head of Investor Relations Ms. Stephanie WargoVice President of Marketing & CommunicationsMr. Philippe FortierSenior Vice President of Corporate DevelopmentMs. Andrea Keen SouzaVice-President of Human ResourcesPaul MagrathVice President of Taxation & SustainabilityMore ExecutivesKey CompetitorsBitdeer Technologies GroupNASDAQ:BTDRGreen DotNYSE:GDOTCompoSecureNASDAQ:CMPOSOSNYSE:SOSAMTD DigitalNYSE:HKDView All CompetitorsInstitutional OwnershipQuadrature Capital LtdBought 737,084 shares on 5/15/2024Ownership: 0.207%Vident Advisory LLCBought 885,217 shares on 5/14/2024Ownership: 0.732%Shell Asset Management Co.Bought 19,118 shares on 5/14/2024Ownership: 0.005%HAP Trading LLCBought 13,700 shares on 5/13/2024Ownership: 0.000%Mitsubishi UFJ Asset Management Co. Ltd.Sold 12,221 shares on 5/9/2024Ownership: 0.024%View All Institutional Transactions BITF Stock Analysis - Frequently Asked Questions Should I buy or sell Bitfarms stock right now? 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bitfarms in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BITF shares. View BITF analyst ratings or view top-rated stocks. What is Bitfarms' stock price target for 2024? 5 brokers have issued 12-month target prices for Bitfarms' shares. Their BITF share price targets range from $4.00 to $5.00. On average, they expect the company's stock price to reach $4.20 in the next twelve months. This suggests a possible upside of 127.0% from the stock's current price. View analysts price targets for BITF or view top-rated stocks among Wall Street analysts. How have BITF shares performed in 2024? Bitfarms' stock was trading at $2.91 at the beginning of 2024. Since then, BITF shares have decreased by 36.4% and is now trading at $1.85. View the best growth stocks for 2024 here. When is Bitfarms' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 15th 2024. View our BITF earnings forecast. How were Bitfarms' earnings last quarter? Bitfarms Ltd. (NASDAQ:BITF) issued its earnings results on Thursday, March, 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. The business earned $46.24 million during the quarter, compared to the consensus estimate of $39.68 million. Bitfarms had a negative trailing twelve-month return on equity of 19.58% and a negative net margin of 70.53%. During the same period in the prior year, the business earned ($0.07) earnings per share. What ETFs hold Bitfarms' stock? ETFs with the largest weight of Bitfarms (NASDAQ:BITF) stock in their portfolio include Valkyrie Bitcoin Miners ETF (WGMI), Global X Blockchain ETF (BKCH), Grayscale Future of Finance ETF (GFOF), VanEck Digital Transformation ETF (DAPP), Invesco Alerian Galaxy Crypto Economy ETF (SATO), Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC), Bitwise Crypto Industry Innovators ETF (BITQ) and iShares Blockchain and Tech ETF (IBLC). Who are Bitfarms' major shareholders? Bitfarms' stock is owned by many different institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (1.06%), Mirae Asset Global Investments Co. Ltd. (0.81%), Vident Advisory LLC (0.73%), Quadrature Capital Ltd (0.21%), Swiss National Bank (0.18%) and Simplex Trading LLC (0.00%). How do I buy shares of Bitfarms? Shares of BITF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:BITF) was last updated on 5/15/2024 by MarketBeat.com Staff From Our PartnersThe 2024 Gold Rush: Unleashing Market PotentialPriority GoldTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 MediaHow to Play the AI and Crypto Markets in One SwingWeiss RatingsAmazon's betting big on this unknown AI companyManward PressThis Wall Street stock prediction just went viralChaikin AnalyticsGold Set to EXPLODE!Gold Safe ExchangeAmerica’s worst nightmare?Porter & CompanyRevolutionizing the Green Energy Space and Building Shareholder Value Along the WaySmall Cap Sniper Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Bitfarms Ltd. 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