Analysts Offer Predictions for Bitfarms Q2 Earnings

Key Points

• Northland Securities forecasts Bitfarms will report Q2 2026 EPS of ($0.06) and a full‑year consensus near ($0.21), with similar Q3/Q4 estimates of ($0.06), signaling downward earnings revisions.
• Bitfarms has rebranded as Keel Infrastructure, completed U.S. redomiciliation and announced a strategic AI pivot — moves that boosted the stock despite a wider Q4 net loss and ~39.7% revenue growth.
• The street consensus is a “Moderate Buy” (7 Buys, 1 Hold, 1 Sell) with an average price target of about $4.14, although some analysts have trimmed near‑term forecasts.

Bitfarms Ltd. (NASDAQ:BITF - Free Report) - Stock analysts at Northland Securities issued their Q2 2026 earnings estimates for Bitfarms in a research report issued on Tuesday, March 31st. Northland Securities analyst M. Grondahl forecasts that the company will post earnings of ($0.06) per share for the quarter. The consensus estimate for Bitfarms' current full-year earnings is ($0.21) per share. Northland Securities also issued estimates for Bitfarms' Q3 2026 earnings at ($0.06) EPS and Q4 2026 earnings at ($0.06) EPS.

BITF has been the topic of a number of other research reports. HC Wainwright lowered their target price on Bitfarms from $4.00 to $3.70 and set a "buy" rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $3.00 price target (up from $2.50) on shares of Bitfarms in a report on Tuesday, January 27th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Bitfarms in a research report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $4.14.

Bitfarms Price Performance

Shares of BITF opened at $1.98 on Friday. The business's 50-day moving average is $2.19 and its two-hundred day moving average is $2.87. The company has a market capitalization of $1.19 billion, a P/E ratio of -8.61 and a beta of 3.77. Bitfarms has a fifty-two week low of $0.67 and a fifty-two week high of $6.60. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.14 and a current ratio of 3.20.

Institutional Investors Weigh In On Bitfarms

Hedge funds and other institutional investors have recently bought and sold shares of the company. Creek Drive Management Group LLC acquired a new position in Bitfarms in the 4th quarter valued at about $1,998,000. J. Derek Lewis & Associates Inc. purchased a new position in Bitfarms in the fourth quarter worth approximately $36,000. Virtu Financial LLC acquired a new position in shares of Bitfarms in the 4th quarter valued at $497,000. Mackenzie Financial Corp grew its holdings in shares of Bitfarms by 87.6% during the 4th quarter. Mackenzie Financial Corp now owns 539,688 shares of the company's stock worth $1,286,000 after purchasing an additional 251,982 shares during the period. Finally, XTX Topco Ltd increased its position in shares of Bitfarms by 48.1% during the 4th quarter. XTX Topco Ltd now owns 538,103 shares of the company's stock worth $1,265,000 after purchasing an additional 174,720 shares during the last quarter. 20.59% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Bitfarms

Here are the key news stories impacting Bitfarms this week:

• Positive Sentiment: Shares jumped after the company announced a strategic expansion (an AI pivot) and despite reporting a large net loss, investors appeared to focus on growth and strategy. Bitfarms Shares Jump Despite $285M Net Loss as Miner Expands AI Pivot
• Positive Sentiment: Bitfarms officially rebranded as Keel Infrastructure and completed U.S. redomiciliation — moves that can improve U.S. investor access, governance perception and potentially valuation multiples over time. Bitfarms Officially Rebrands as Keel Infrastructure; Completes U.S. Redomiciliation
• Positive Sentiment: Q4 revenue rose ~39.7% year-over-year, a sign of top-line momentum even as profitability remains pressured by costs. BITF Q4 Loss Wider Than Estimates, Revenues Grow Y/Y, Shares Rise
• Neutral Sentiment: Management’s Q4 earnings call transcript is available for investors seeking detail on cost drivers, mining efficiency and the AI initiative (useful for due diligence but not an immediate catalyst). Bitfarms Ltd. Q4 2025 Earnings Call Transcript
• Negative Sentiment: HC Wainwright trimmed near-term EPS and cut its FY2026 EPS forecast materially (FY now pegged at ($0.25) vs prior ($0.17)), signaling weaker profit outlooks even though the firm kept a "Buy" and $3.70 target. Analyst downgrades to EPS can pressure the stock if earnings miss expectations. HC Wainwright Has Lowered Expectations for Bitfarms Stock Price
• Negative Sentiment: Northland Securities also issued lower quarterly and full‑year EPS estimates (several quarters around ($0.05)-($0.06) and FY ~$($0.22)), adding to downward earnings revisions that could weigh on sentiment. MarketBeat - Bitfarms analyst notes
• Negative Sentiment: Q4 posted a wider-than-expected loss (costs continue to pressure margins and drove the larger loss despite revenue growth), a direct near-term drag on profitability expectations. BITF Q4 Loss Wider Than Estimates, Revenues Grow Y/Y, Shares Rise

About Bitfarms

Bitfarms Ltd. is a publicly traded, vertically integrated Bitcoin mining company listed on the NASDAQ under the ticker BITF. The company engages in the large-scale operation of cryptocurrency mining farms, leveraging specialized computing hardware to validate and secure the Bitcoin blockchain. By converting electrical energy into computing power, Bitfarms plays a critical role in processing transactions on the Bitcoin network and earning mining rewards.

Bitfarms operates data centers in several jurisdictions with access to low-cost, primarily renewable energy sources.

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