Bitfarms (BITF) Expected to Announce Earnings on Wednesday

Key Points

• Q1 2026 earnings due May 13 (before market open); analysts forecast EPS of ($0.11) and revenue of $65.675 million, and the company has a conference call scheduled for May 11 at 8:00 AM ET.
• Shares opened at $3.25 (up ~5.2%), with a market cap of $1.96 billion, a 52‑week range of $0.70–$6.60, and a negative P/E of -14.13; 50‑ and 200‑day moving averages are $2.36 and $2.74, respectively.
• Analyst sentiment is a Moderate Buy (seven Buys, one Hold, one Sell) with a consensus price target of $4.14, and institutional investors hold about 20.59% of the stock.

Bitfarms (NASDAQ:BITF - Get Free Report) is projected to release its Q1 2026 results before the market opens on Wednesday, May 13th. Analysts expect Bitfarms to post earnings of ($0.11) per share and revenue of $65.6750 million for the quarter. Individuals are encouraged to explore the company's upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Monday, May 11, 2026 at 8:00 AM ET.

Bitfarms Stock Up 5.2%

Shares of BITF opened at $3.25 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.14 and a current ratio of 3.20. Bitfarms has a 52 week low of $0.70 and a 52 week high of $6.60. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of -14.13 and a beta of 3.77. The stock has a fifty day moving average of $2.36 and a 200-day moving average of $2.74.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Bitfarms in a report on Wednesday, January 21st. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $3.00 price target (up from $2.50) on shares of Bitfarms in a research note on Tuesday, January 27th. Finally, HC Wainwright lowered their price objective on Bitfarms from $4.00 to $3.70 and set a "buy" rating for the company in a research note on Tuesday, March 31st. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $4.14.

Institutional Trading of Bitfarms

Institutional investors have recently modified their holdings of the business. Equitable Holdings Inc. bought a new stake in shares of Bitfarms in the fourth quarter worth $27,000. State of Wisconsin Investment Board acquired a new position in Bitfarms in the fourth quarter valued at $32,000. SummitTX Capital L.P. acquired a new position in Bitfarms in the fourth quarter valued at $34,000. US Bancorp DE acquired a new position in Bitfarms in the third quarter valued at $34,000. Finally, WINTON GROUP Ltd acquired a new position in Bitfarms in the second quarter valued at $43,000. Institutional investors own 20.59% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.