Research Analysts Issue Forecasts for Bitfarms Q2 Earnings

Bitfarms Ltd. (NASDAQ:BITF - Free Report) - Equities research analysts at HC Wainwright raised their Q2 2025 earnings per share (EPS) estimates for Bitfarms in a research note issued to investors on Wednesday, May 14th. HC Wainwright analyst M. Colonnese now expects that the company will post earnings of ($0.01) per share for the quarter, up from their previous forecast of ($0.06). HC Wainwright currently has a "Buy" rating and a $3.50 price target on the stock. The consensus estimate for Bitfarms' current full-year earnings is ($0.21) per share. HC Wainwright also issued estimates for Bitfarms' Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at $0.03 EPS and FY2025 earnings at ($0.02) EPS.

Bitfarms (NASDAQ:BITF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The firm had revenue of $66.85 million during the quarter, compared to analyst estimates of $67.17 million. Bitfarms had a negative net margin of 69.08% and a negative return on equity of 22.17%.

Several other equities research analysts have also commented on BITF. Alliance Global Partners reiterated a "buy" rating on shares of Bitfarms in a research note on Thursday, March 27th. Industrial Alliance Securities set a $3.25 price objective on shares of Bitfarms in a research note on Thursday, March 27th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $4.01.

Bitfarms Trading Up 7.5%

NASDAQ:BITF opened at $1.15 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 3.70. The firm has a market cap of $620.08 million, a price-to-earnings ratio of -3.19 and a beta of 3.69. Bitfarms has a 52 week low of $0.67 and a 52 week high of $3.28. The firm has a 50-day moving average price of $0.95 and a two-hundred day moving average price of $1.44.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BITF. Guided Capital Wealth Management LLC bought a new position in Bitfarms in the 4th quarter worth approximately $30,000. Money Concepts Capital Corp bought a new position in Bitfarms in the 4th quarter worth approximately $30,000. National Bank of Canada FI boosted its holdings in Bitfarms by 2,629.2% in the 4th quarter. National Bank of Canada FI now owns 20,633 shares of the company's stock valued at $31,000 after purchasing an additional 19,877 shares during the period. Olympiad Research LP bought a new position in Bitfarms in the 4th quarter valued at $36,000. Finally, Lifeworks Advisors LLC boosted its holdings in Bitfarms by 42.4% in the 4th quarter. Lifeworks Advisors LLC now owns 24,664 shares of the company's stock valued at $37,000 after purchasing an additional 7,339 shares during the period. 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.

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