S&P 500   4,221.02
DOW   33,061.57
QQQ   352.01
Stock market today: Asia follows Wall St up on hopes Fed will ease off rate hikes
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Is This The Collapse of Icahn Enterprises ?
20 Best Healthcare Dividend Stocks to Invest in
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Money stored in Venmo and other payment apps could be vulnerable, financial watchdog warns
Nordstrom's Earnings Beat, A Rally In The Making
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Elliott Management Says Goodyear Tire Worth At Least $21 a Share
What Does the Airbnb Guidance Drop Say About Travel Demand?
S&P 500   4,221.02
DOW   33,061.57
QQQ   352.01
Stock market today: Asia follows Wall St up on hopes Fed will ease off rate hikes
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Is This The Collapse of Icahn Enterprises ?
20 Best Healthcare Dividend Stocks to Invest in
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Money stored in Venmo and other payment apps could be vulnerable, financial watchdog warns
Nordstrom's Earnings Beat, A Rally In The Making
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Elliott Management Says Goodyear Tire Worth At Least $21 a Share
What Does the Airbnb Guidance Drop Say About Travel Demand?
S&P 500   4,221.02
DOW   33,061.57
QQQ   352.01
Stock market today: Asia follows Wall St up on hopes Fed will ease off rate hikes
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Is This The Collapse of Icahn Enterprises ?
20 Best Healthcare Dividend Stocks to Invest in
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Money stored in Venmo and other payment apps could be vulnerable, financial watchdog warns
Nordstrom's Earnings Beat, A Rally In The Making
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Elliott Management Says Goodyear Tire Worth At Least $21 a Share
What Does the Airbnb Guidance Drop Say About Travel Demand?
S&P 500   4,221.02
DOW   33,061.57
QQQ   352.01
Stock market today: Asia follows Wall St up on hopes Fed will ease off rate hikes
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Is This The Collapse of Icahn Enterprises ?
20 Best Healthcare Dividend Stocks to Invest in
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Money stored in Venmo and other payment apps could be vulnerable, financial watchdog warns
Nordstrom's Earnings Beat, A Rally In The Making
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Elliott Management Says Goodyear Tire Worth At Least $21 a Share
What Does the Airbnb Guidance Drop Say About Travel Demand?
NASDAQ:BITF

Bitfarms (BITF) Stock Forecast, Price & News

$1.21
+0.01 (+0.83%)
(As of 06/1/2023 ET)
Compare
Today's Range
$1.15
▼
$1.23
50-Day Range
$0.90
▼
$1.25
52-Week Range
$0.38
▼
$2.33
Volume
3.32 million shs
Average Volume
4.69 million shs
Market Capitalization
$264.11 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.00
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

Bitfarms MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
65.3% Upside
$2.00 Price Target
Short Interest
Healthy
2.63% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.89mentions of Bitfarms in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.10 out of 5 stars

Business Services Sector

313th out of 684 stocks

Nondepository Credit Institutions Industry

41st out of 84 stocks

See Top Rated MarketRank™ Stocks Here

BITF stock logo

About Bitfarms (NASDAQ:BITF) Stock

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. 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. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.

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BITF Stock News Headlines

May 28, 2023 | finance.yahoo.com
Investing in Bitfarms (TSE:BITF) three years ago would have delivered you a 217% gain
May 25, 2023 | finanznachrichten.de
Bitfarms Ltd.: Bitfarms Announces Results of Annual General and Special Meeting of Shareholders
June 2, 2023 | Legacy Research (Affiliate) (Ad)
“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
May 24, 2023 | fool.com
Bitfarms (NASDAQ: BITF)
May 21, 2023 | americanbankingnews.com
Bitfarms (NASDAQ:BITF) vs. Upstart (NASDAQ:UPST) Head to Head Contrast
May 20, 2023 | americanbankingnews.com
HC Wainwright Comments on Bitfarms Ltd.'s Q2 2023 Earnings (NASDAQ:BITF)
May 19, 2023 | markets.businessinsider.com
What 4 Analyst Ratings Have To Say About Bitfarms
May 19, 2023 | msn.com
Bitfarms snags Overweight rating at Cantor on growth prospects
June 2, 2023 | Vantage Point (Ad)
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May 19, 2023 | americanbankingnews.com
Bitfarms (NASDAQ:BITF) Research Coverage Started at Cantor Fitzgerald
May 16, 2023 | americanbankingnews.com
Hut 8 Mining (NASDAQ:HUT) & Bitfarms (NASDAQ:BITF) Critical Comparison
May 14, 2023 | americanbankingnews.com
Bitfarms (BITF) to Release Quarterly Earnings on Monday
May 12, 2023 | americanbankingnews.com
Critical Survey: Bitfarms (NASDAQ:BITF) versus Applied Digital (OTCMKTS:APLD)
May 11, 2023 | msn.com
Bitfarms (TSX:BITF) Price Target Decreased by 80.00% to 2.04
May 1, 2023 | finance.yahoo.com
Bitfarms Regains Compliance with Nasdaq Continued Listing Requirements
May 1, 2023 | finance.yahoo.com
Bitfarms Mines 379 BTC in April
April 18, 2023 | americanbankingnews.com
Analyzing Bit Digital (NASDAQ:BTBT) & Bitfarms (NASDAQ:BITF)
April 12, 2023 | finance.yahoo.com
Bitfarms to Participate in the Ladenburg Thalmann Technology Expo 2023
April 8, 2023 | americanbankingnews.com
Comparing Locafy (NASDAQ:LCFY) and Bitfarms (NASDAQ:BITF)
April 7, 2023 | americanbankingnews.com
Bitfarms (NASDAQ:BITF) Now Covered by Stifel Nicolaus
March 28, 2023 | americanbankingnews.com
HC Wainwright Research Analysts Lift Earnings Estimates for Bitfarms Ltd. (NASDAQ:BITF)
March 26, 2023 | americanbankingnews.com
HC Wainwright Cuts Bitfarms (NASDAQ:BITF) Price Target to $2.00
March 26, 2023 | americanbankingnews.com
Comparing PubMatic (NASDAQ:PUBM) and Bitfarms (NASDAQ:BITF)
March 24, 2023 | americanbankingnews.com
Bitfarms Ltd. Expected to Post Q1 2023 Earnings of ($0.07) Per Share (NASDAQ:BITF)
March 21, 2023 | finance.yahoo.com
Bitfarms Reports Fourth Quarter and Full Year 2022 Results
February 9, 2023 | financialpost.com
Bitfarms Pays Off $21M Debt Obligations for $7.75M in Cash
February 1, 2023 | finance.yahoo.com
Bitfarms Mines 486 Bitcoin in January
See More Headlines

BITF Price History

BITF Company Calendar

Today
6/01/2023
Next Earnings (Estimated)
8/21/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Nondepository credit institutions
Sub-Industry
N/A
Sector
Business Services
Current Symbol
NASDAQ:BITF
CUSIP
N/A
CIK
1812477
Web
www.bitfarms.com
Phone
64-7259-1790
Fax
N/A
Employees
106
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$2.00
High Stock Price Forecast
$2.00
Low Stock Price Forecast
$2.00
Forecasted Upside/Downside
+64.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($1.19)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
N/A
Net Margins
-186.19%
Pretax Margin
-204.49%
Return on Equity
-15.91%
Return on Assets
-11.75%

Debt

Debt-to-Equity Ratio
0.05
Current Ratio
1.70
Quick Ratio
1.70

Sales & Book Value

Annual Sales
$142.43 million
Price / Sales
1.86
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$1.25 per share
Price / Book
0.97

Miscellaneous

Outstanding Shares
218,270,000
Free Float
197,539,000
Market Cap
$265.20 million
Optionable
Not Optionable
Beta
3.10

Key Executives

  • Mr. Nicolas Bonta (Age 47)
    Founder & Exec. Chairman
    Comp: $792.5k
  • Mr. Emiliano Joel Grodzki (Age 46)
    Founder, CEO & Director
    Comp: $792.5k
  • Mr. L. Geoffrey Morphy
    Pres & COO
  • Mr. Jeffrey P. Lucas (Age 62)
    Chief Financial Officer
    Comp: $6.06M
  • Mr. Benjamin Gagnon
    Chief Mining Officer
  • Mr. Marc-Andre Ammann
    VP Fin. & Accounting
  • Ms. Sonia Tercas
    Director of Investor Relations
  • Ms. Stephanie Wargo
    VP of Marketing & Communications
  • Mr. Philippe Fortier
    VP of Corp. Devel.
  • Ms. Andrea Keen Souza
    Vice-Pres of HR

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













BITF Stock - Frequently Asked Questions

Should I buy or sell Bitfarms stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bitfarms in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BITF shares.
View BITF analyst ratings or view top-rated stocks.

What is Bitfarms' stock price forecast for 2023?

3 brokerages have issued 12 month target prices for Bitfarms' shares. Their BITF share price forecasts range from $2.00 to $2.00. On average, they predict the company's share price to reach $2.00 in the next year. This suggests a possible upside of 64.6% from the stock's current price.
View analysts price targets for BITF or view top-rated stocks among Wall Street analysts.

How have BITF shares performed in 2023?

Bitfarms' stock was trading at $0.44 on January 1st, 2023. Since then, BITF stock has increased by 176.1% and is now trading at $1.2150.
View the best growth stocks for 2023 here.

Are investors shorting Bitfarms?

Bitfarms saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 5,920,000 shares, a decrease of 22.9% from the April 30th total of 7,680,000 shares. Based on an average daily volume of 4,170,000 shares, the short-interest ratio is presently 1.4 days. Currently, 2.6% of the shares of the stock are sold short.
View Bitfarms' Short Interest.

When is Bitfarms' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
View our BITF earnings forecast.

What ETF holds Bitfarms' stock ?

iShares Blockchain and Tech ETF holds 122,295 shares of BITF stock, representing 1.97% of its portfolio.

What is Bitfarms' stock symbol?

Bitfarms trades on the NASDAQ under the ticker symbol "BITF."

Who are Bitfarms' major shareholders?

Bitfarms' stock is owned by many different institutional and retail investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (1.33%), Van ECK Associates Corp (1.15%), Toroso Investments LLC (0.91%), State Street Corp (0.57%), Geode Capital Management LLC (0.44%) and American Century Companies Inc. (0.41%).

How do I buy shares of Bitfarms?

Shares of BITF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Bitfarms' stock price today?

One share of BITF stock can currently be purchased for approximately $1.22.

How much money does Bitfarms make?

Bitfarms (NASDAQ:BITF) has a market capitalization of $265.20 million and generates $142.43 million in revenue each year.

How many employees does Bitfarms have?

The company employs 106 workers across the globe.

How can I contact Bitfarms?

The official website for the company is www.bitfarms.com. The company can be reached via phone at 64-7259-1790 or via email at investors@bitfarms.com.

This page (NASDAQ:BITF) was last updated on 6/2/2023 by MarketBeat.com Staff

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