Bitfarms (BITF) to Release Earnings on Tuesday

Key Points

• Bitfarms (NADSAQ:BITF) is set to release its Q2 2025 quarterly earnings on August 12th, with analysts forecasting a loss of ($0.03) per share and revenue estimates of $79.78 million.
• The company's latest earnings report from May showed a loss of ($0.04) per share against expectations of ($0.04), with revenue of $66.85 million, slightly below analyst estimates.
• Despite challenging financials, several analysts maintain a "buy" rating for Bitfarms, with a consensus price target of $3.95, indicating potential for future growth.

Bitfarms (NASDAQ:BITF - Get Free Report) is anticipated to announce its Q2 2025 earnings results before the market opens on Tuesday, August 12th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $79.78 million for the quarter.

Bitfarms (NASDAQ:BITF - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The company had revenue of $66.85 million during the quarter, compared to analysts' expectations of $67.17 million. Bitfarms had a negative net margin of 40.09% and a negative return on equity of 12.70%. On average, analysts expect Bitfarms to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bitfarms Price Performance

Shares of NASDAQ:BITF traded down $0.04 during midday trading on Friday, hitting $1.24. The stock had a trading volume of 20,161,471 shares, compared to its average volume of 28,041,594. The company's 50-day moving average price is $1.01 and its 200-day moving average price is $1.07. The company has a market capitalization of $691.36 million, a P/E ratio of -6.53 and a beta of 3.50. 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 fifty-two week low of $0.67 and a fifty-two week high of $2.76.

Hedge Funds Weigh In On Bitfarms

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in Bitfarms by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,449,002 shares of the company's stock valued at $2,860,000 after acquiring an additional 125,156 shares during the period. Cetera Investment Advisers increased its position in Bitfarms by 1.4% in the 2nd quarter. Cetera Investment Advisers now owns 789,700 shares of the company's stock valued at $664,000 after acquiring an additional 10,622 shares during the period. Finally, Creative Planning increased its position in Bitfarms by 54.0% in the 2nd quarter. Creative Planning now owns 85,580 shares of the company's stock valued at $72,000 after acquiring an additional 30,000 shares during the period. 20.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Alliance Global Partners reiterated a "buy" rating on shares of Bitfarms in a research report on Wednesday, May 14th. Jones Trading assumed coverage on shares of Bitfarms in a research report on Monday, July 21st. They set a "buy" rating and a $2.00 price objective for the company. Finally, HC Wainwright reiterated a "buy" rating on shares of Bitfarms in a research report on Wednesday, May 14th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $3.95.

About Bitfarms

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.