B. Riley Has Positive Forecast for Bitfarms Q2 Earnings

Bitfarms Ltd. (NASDAQ:BITF - Free Report) - Stock analysts at B. Riley increased their Q2 2025 EPS estimates for Bitfarms in a research report issued to clients and investors on Wednesday, July 9th. B. Riley analyst N. Giles now expects that the company will earn ($0.01) per share for the quarter, up from their previous forecast 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.

A number of other research firms also recently weighed in on BITF. Industrial Alliance Securities set a $3.25 target price on shares of Bitfarms in a research report on Thursday, March 27th. HC Wainwright restated a "buy" rating on shares of Bitfarms in a research note on Wednesday, May 14th. Finally, Alliance Global Partners restated a "buy" rating on shares of Bitfarms in a report on Wednesday, May 14th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $4.44.

Bitfarms Price Performance

Shares of NASDAQ BITF remained flat at $1.07 during midday trading on Friday. 18,624,226 shares of the stock were exchanged, compared to its average volume of 27,596,671. The stock has a fifty day simple moving average of $0.96 and a 200 day simple moving average of $1.14. The company has a quick ratio of 2.58, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Bitfarms has a 12 month low of $0.67 and a 12 month high of $3.15.

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

Hedge Funds Weigh In On Bitfarms

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in Bitfarms by 121.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,501,953 shares of the company's stock worth $3,728,000 after purchasing an additional 1,370,102 shares during the period. Cetera Investment Advisers lifted its holdings in Bitfarms by 31.9% during the 4th quarter. Cetera Investment Advisers now owns 963,793 shares of the company's stock worth $1,436,000 after purchasing an additional 232,821 shares during the last quarter. Vident Advisory LLC boosted its stake in Bitfarms by 87.6% in the 4th quarter. Vident Advisory LLC now owns 6,058,078 shares of the company's stock valued at $9,016,000 after purchasing an additional 2,828,703 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in Bitfarms in the 4th quarter valued at $1,200,000. Finally, Trium Capital LLP acquired a new position in Bitfarms in the 1st quarter valued at $609,000. 20.59% of the stock is owned by institutional investors.

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.