B. Riley Brokers Reduce Earnings Estimates for Bitfarms

Key Points

• Analysts at B. Riley have reduced their Q3 2025 earnings estimates for Bitfarms, projecting an EPS of ($0.04) instead of the previous forecast of ($0.03).
• Despite the downgrade, B. Riley maintains a "Buy" rating on Bitfarms, which currently has a consensus rating of "Moderate Buy" with a price target of $4.35.
• Bitfarms has recently reported negative earnings, missing revenue estimates, and has a market cap of $2.34 billion, reflecting its challenges in the cryptocurrency mining sector.

Bitfarms Ltd. (NASDAQ:BITF - Free Report) - Analysts at B. Riley decreased their Q3 2025 EPS estimates for Bitfarms in a research note issued on Wednesday, October 22nd. B. Riley analyst N. Giles now anticipates that the company will post earnings per share of ($0.04) for the quarter, down from their prior forecast of ($0.03). B. Riley has a "Buy" rating on the stock. The consensus estimate for Bitfarms' current full-year earnings is ($0.21) per share. B. Riley also issued estimates for Bitfarms' Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.15) EPS, FY2026 earnings at ($0.15) EPS and FY2027 earnings at ($0.01) EPS.

BITF has been the subject of several other research reports. Macquarie reissued an "outperform" rating on shares of Bitfarms in a report on Monday, October 13th. Northland Securities set a $7.00 price objective on shares of Bitfarms in a research report on Monday, October 13th. Weiss Ratings restated a "sell (d-)" rating on shares of Bitfarms in a research report on Wednesday, October 8th. Jones Trading started coverage on shares of Bitfarms in a research note on Monday, July 21st. They issued a "buy" rating and a $2.00 price target on the stock. Finally, Wall Street Zen raised Bitfarms from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Bitfarms currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.35.

Bitfarms Price Performance

Shares of BITF opened at $4.16 on Friday. Bitfarms has a 12 month low of $0.67 and a 12 month high of $6.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 3.03. The stock has a fifty day moving average price of $2.75 and a 200 day moving average price of $1.61. The company has a market cap of $2.34 billion, a P/E ratio of -24.47 and a beta of 3.73.

Bitfarms (NASDAQ:BITF - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $77.80 million for the quarter, compared to the consensus estimate of $79.78 million. Bitfarms had a negative net margin of 35.09% and a negative return on equity of 9.86%.

Institutional Trading of Bitfarms

A number of institutional investors have recently made changes to their positions in the stock. Trium Capital LLP acquired a new position in shares of Bitfarms during the first quarter valued at approximately $609,000. SBI Securities Co. Ltd. boosted its stake in Bitfarms by 69.9% during the 1st quarter. SBI Securities Co. Ltd. now owns 148,456 shares of the company's stock valued at $117,000 after purchasing an additional 61,085 shares in the last quarter. Theory Financial LLC acquired a new position in shares of Bitfarms during the 1st quarter valued at $48,000. Private Advisor Group LLC raised its stake in shares of Bitfarms by 26.2% in the 1st quarter. Private Advisor Group LLC now owns 178,100 shares of the company's stock worth $140,000 after buying an additional 37,000 shares in the last quarter. Finally, TD Asset Management Inc raised its stake in shares of Bitfarms by 5.0% in the 1st quarter. TD Asset Management Inc now owns 400,532 shares of the company's stock worth $314,000 after buying an additional 19,089 shares in the last quarter. 20.59% of the stock is owned by institutional investors and hedge funds.

Bitfarms Company Profile

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.

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