Q1 Earnings Estimate for Bitfarms Issued By HC Wainwright

Key Points

• HC Wainwright has estimated that Bitfarms will earn $0.02 per share for Q1 2026, maintaining a "Buy" rating for the stock amidst a consensus estimate of ($0.21) for the full year.
• In its latest quarterly earnings, Bitfarms reported ($0.02) earnings per share, which missed analysts' expectations, and recorded revenue of $77.80 million, slightly below the consensus estimate of $79.78 million.
• The stock has a consensus rating of "Buy" from five investment analysts, with an average target price of $3.95, while trading at $1.30 per share as of the latest update.

Bitfarms Ltd. (NASDAQ:BITF - Free Report) - Stock analysts at HC Wainwright issued their Q1 2026 earnings per share (EPS) estimates for shares of Bitfarms in a research report issued on Wednesday, August 13th. HC Wainwright analyst M. Colonnese forecasts that the company will post earnings of $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.

Several other equities research analysts have also commented on the stock. Jones Trading initiated coverage on shares of Bitfarms in a report on Monday, July 21st. They issued a "buy" rating and a $2.00 price target for the company. Alliance Global Partners reissued a "buy" rating on shares of Bitfarms in a research note on Wednesday, May 14th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $3.95.

Bitfarms Price Performance

Shares of BITF stock traded down $0.0850 during trading hours on Thursday, hitting $1.2950. 27,183,077 shares of the company's stock were exchanged, compared to its average volume of 26,025,229. Bitfarms has a fifty-two week low of $0.67 and a fifty-two week high of $2.76. The firm has a market cap of $722.03 million, a P/E ratio of -7.62 and a beta of 3.50. The company has a quick ratio of 3.03, a current ratio of 3.11 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average of $1.06 and a two-hundred day moving average of $1.06.

Bitfarms (NASDAQ:BITF - Get Free Report) last issued its quarterly earnings results 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 9.86% and a negative net margin of 35.09%.The business had revenue of $77.80 million for the quarter, compared to analysts' expectations of $79.78 million.

Hedge Funds Weigh In On Bitfarms

A number of institutional investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors purchased a new stake in Bitfarms in the 1st quarter valued at $39,000. Cresset Asset Management LLC boosted its position in shares of Bitfarms by 54.6% during the 4th quarter. Cresset Asset Management LLC now owns 27,735 shares of the company's stock valued at $41,000 after acquiring an additional 9,795 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Bitfarms in the second quarter valued at about $43,000. Theory Financial LLC purchased a new stake in shares of Bitfarms in the first quarter valued at about $48,000. Finally, Baker Avenue Asset Management LP acquired a new stake in Bitfarms during the second quarter worth about $50,000. Hedge funds and other institutional investors own 20.59% of the company's stock.

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.