Bitfarms (BITF) Expected to Announce Quarterly 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 expected to issue its Q2 2025 quarterly earnings data 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 released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). The firm had revenue of $66.85 million for the quarter, compared to analyst estimates 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 Stock Performance

BITF traded down $0.01 on Tuesday, hitting $1.20. 16,938,672 shares of the company's stock were exchanged, compared to its average volume of 25,793,066. The firm has a market cap of $666.27 million, a PE ratio of -6.29 and a beta of 3.49. Bitfarms has a twelve month low of $0.67 and a twelve month high of $2.76. The stock has a fifty day moving average of $0.99 and a two-hundred day moving average of $1.08. The company has a current ratio of 2.64, a quick ratio of 2.58 and a debt-to-equity ratio of 0.03.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BITF. Alliance Global Partners reiterated a "buy" rating on shares of Bitfarms in a research note on Wednesday, May 14th. HC Wainwright restated a "buy" rating on shares of Bitfarms in a research note on Wednesday, May 14th. Finally, Jones Trading assumed 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. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $3.95.

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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