Bitfarms Ltd. (NASDAQ:BITF - Free Report) - Stock analysts at HC Wainwright issued their Q1 2026 earnings per share estimates for Bitfarms in a report released on Wednesday, August 13th. HC Wainwright analyst M. Colonnese forecasts that the company will earn $0.02 per share for the quarter. HC Wainwright currently has a "Buy" rating on the stock. The consensus estimate for Bitfarms' current full-year earnings is ($0.21) per share. HC Wainwright also issued estimates for Bitfarms' Q2 2026 earnings at $0.01 EPS, Q3 2026 earnings at $0.01 EPS and Q4 2026 earnings at $0.01 EPS.
Bitfarms (NASDAQ:BITF - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). Bitfarms had a negative return on equity of 10.15% and a negative net margin of 35.09%. The business had revenue of $77.80 million during the quarter, compared to the consensus estimate of $79.78 million.
A number of other equities research analysts also recently weighed in on BITF. Alliance Global Partners restated a "buy" rating on shares of Bitfarms in a research report on Wednesday, May 14th. Jones Trading began coverage on Bitfarms in a research report on Monday, July 21st. They set a "buy" rating and a $2.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $3.95.
Read Our Latest Stock Analysis on BITF
Bitfarms Stock Performance
BITF stock traded up $0.03 on Thursday, reaching $1.30. The company's stock had a trading volume of 5,584,550 shares, compared to its average volume of 25,719,629. The company has a market capitalization of $722.03 million, a P/E ratio of -7.56 and a beta of 3.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 2.58. Bitfarms has a 52 week low of $0.67 and a 52 week high of $2.76. The firm has a fifty day moving average of $1.03 and a two-hundred day moving average of $1.07.
Institutional Trading of Bitfarms
A number of hedge funds have recently modified their holdings of the business. Invesco Ltd. lifted its holdings in shares of Bitfarms by 9.3% in the fourth quarter. Invesco Ltd. now owns 13,355,913 shares of the company's stock valued at $19,900,000 after purchasing an additional 1,140,037 shares in the last quarter. Vident Advisory LLC increased its stake in shares of Bitfarms by 10.4% in the first quarter. Vident Advisory LLC now owns 6,686,681 shares of the company's stock worth $5,279,000 after acquiring an additional 628,603 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Bitfarms by 28.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,493,643 shares of the company's stock worth $4,316,000 after acquiring an additional 1,223,201 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Bitfarms by 52.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,808,165 shares of the company's stock worth $3,002,000 after acquiring an additional 1,306,212 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Bitfarms by 3.8% in the second quarter. Geode Capital Management LLC now owns 3,449,002 shares of the company's stock worth $2,860,000 after acquiring an additional 125,156 shares during the last quarter. Hedge funds and other institutional investors own 20.59% of the company's stock.
About Bitfarms
(
Get Free Report)
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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