B. Riley Estimates Bitfarms' Q2 Earnings (NASDAQ:BITF)

Bitfarms Ltd. (NASDAQ:BITF - Free Report) - Equities researchers at B. Riley lifted their Q2 2025 earnings per share (EPS) estimates for shares of Bitfarms in a report released on Wednesday, July 9th. B. Riley analyst N. Giles now anticipates that the company will post earnings per share of ($0.01) for the quarter, up from their previous estimate of ($0.06). The consensus estimate for Bitfarms' current full-year earnings is ($0.21) per share. B. Riley also issued estimates for Bitfarms' Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at ($0.03) EPS, FY2025 earnings at ($0.11) EPS, FY2026 earnings at ($0.08) EPS and FY2027 earnings at ($0.10) EPS.

Several other research analysts also recently commented on the company. HC Wainwright restated a "buy" rating on shares of Bitfarms in a research note on Wednesday, May 14th. Industrial Alliance Securities set a $3.25 target price on Bitfarms in a research note on Thursday, March 27th. Finally, Alliance Global Partners restated a "buy" rating on shares of Bitfarms in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $4.44.

Bitfarms Price Performance

NASDAQ BITF traded up $0.01 during trading hours on Friday, hitting $1.08. The company had a trading volume of 23,510,929 shares, compared to its average volume of 25,438,543. Bitfarms has a 52 week low of $0.67 and a 52 week high of $3.15. The firm has a 50 day simple moving average of $0.96 and a 200 day simple moving average of $1.13. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.58 and a current ratio of 2.64. The firm has a market capitalization of $600.44 million, a price-to-earnings ratio of -5.68 and a beta of 3.45.

Bitfarms (NASDAQ:BITF - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). Bitfarms had a negative return on equity of 12.70% and a negative net margin of 40.09%. The business had revenue of $66.85 million during the quarter, compared to the consensus estimate of $67.17 million.

Institutional Trading of Bitfarms

Several institutional investors and hedge funds have recently modified their holdings of the business. National Bank of Canada FI raised its holdings in shares of Bitfarms by 2,629.2% during the 4th quarter. National Bank of Canada FI now owns 20,633 shares of the company's stock valued at $31,000 after buying an additional 19,877 shares in the last quarter. Cresset Asset Management LLC raised its holdings in shares of Bitfarms by 54.6% during the 4th quarter. Cresset Asset Management LLC now owns 27,735 shares of the company's stock valued at $41,000 after buying an additional 9,795 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in shares of Bitfarms during the 1st quarter valued at about $39,000. Theory Financial LLC purchased a new position in shares of Bitfarms during the 1st quarter valued at about $48,000. Finally, Blue Rock Wealth Management LLC purchased a new position in shares of Bitfarms during the 1st quarter valued at about $59,000. Hedge funds and other institutional investors own 20.59% of the company's stock.

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.