S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
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AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way

Bitfarms (BITF) Stock Price, News & Analysis

$2.59
+0.45 (+21.03%)
(As of 12/8/2023 ET)
Compare
Today's Range
$2.16
$2.62
50-Day Range
$0.95
$2.59
52-Week Range
$0.38
$2.62
Volume
55.49 million shs
Average Volume
24.93 million shs
Market Capitalization
$834.31 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.67

Bitfarms MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
41.6% Upside
$3.67 Price Target
Short Interest
Bearish
5.35% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.74mentions of Bitfarms in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($0.21) to ($0.22) Per Share

Overall MarketRank

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

1.80 out of 5 stars

Business Services Sector

207th out of 287 stocks

Nondepository Credit Institutions Industry

23rd out of 43 stocks


BITF stock logo

About Bitfarms Stock (NASDAQ:BITF)

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. It also undertakes hosting of third-party mining hardware. Bitfarms Ltd. was founded in 2017 and is based in Toronto, Canada.

BITF Stock Price History

BITF Stock News Headlines

Bitfarms (NASDAQ:BITF) Sets New 52-Week High at $2.37
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Head to Head Analysis: Bitfarms (NASDAQ:BITF) & NU (NYSE:NU)
Bitfarms Ltd. (NASDAQ:BITF) Short Interest Update
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Bitfarms Earns 392 BTC in November 2023
Bitfarms' (BITF) Overweight Rating Reaffirmed at Cantor Fitzgerald
Where Bitfarms Stands With Analysts
Bitfarms Stock Is Rising Tuesday: What's Going On?
What 5 Analyst Ratings Have To Say About Bitfarms
Bitfarms Reports Third Quarter 2023 Results
Bitfarms Q3 Earnings Preview
See More Headlines
Receive BITF Stock News and Ratings via Email

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Company Calendar

Last Earnings
11/06/2023
Today
12/10/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/19/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:BITF
Fax
N/A
Employees
150
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$3.67
High Stock Price Target
$5.00
Low Stock Price Target
$2.00
Potential Upside/Downside
+41.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Pretax Margin
-49.35%

Debt

Sales & Book Value

Annual Sales
$127.16 million
Book Value
$1.17 per share

Miscellaneous

Free Float
291,527,000
Market Cap
$834.31 million
Optionable
Not Optionable
Beta
3.34
7 Stocks to Buy And Hold Forever Cover

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Key Executives

  • Mr. Nicolas Bonta (Age 48)
    Founder & Chairman
    Comp: $1.63M
  • Mr. L. Geoffrey Morphy
    President, CEO & Director
  • Mr. Emiliano Joel Grodzki (Age 47)
    Founder & Director
    Comp: $1.63M
  • Mr. Jeffrey P. Lucas (Age 63)
    Chief Financial Officer
    Comp: $552.47k
  • Mr. Benjamin Gagnon
    Chief Mining Officer
  • Mr. Marc-Andre Ammann
    Vice President Finance & Accounting
  • Ms. Sonia Tercas
    Director of Investor Relations
  • Ms. Stephanie Wargo
    Vice President of Marketing & Communications
  • Mr. Philippe Fortier
    Vice President of Corporate Development
  • Ms. Andrea Keen Souza
    Vice-President of Human Resources














BITF Stock Analysis - Frequently Asked Questions

Should I buy or sell Bitfarms stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bitfarms in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BITF shares.
View BITF analyst ratings
or view top-rated stocks.

What is Bitfarms' stock price target for 2024?

4 brokerages have issued 12 month price objectives for Bitfarms' stock. Their BITF share price targets range from $2.00 to $5.00. On average, they predict the company's share price to reach $3.67 in the next year. This suggests a possible upside of 41.6% 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 at the start of the year. Since then, BITF shares have increased by 488.6% and is now trading at $2.59.
View the best growth stocks for 2023 here
.

Are investors shorting Bitfarms?

Bitfarms saw a increase in short interest in November. As of November 15th, there was short interest totaling 12,090,000 shares, an increase of 24.5% from the October 31st total of 9,710,000 shares. Based on an average daily trading volume, of 7,550,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 5.4% of the shares of the company 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 Tuesday, March 19th 2024.
View our BITF earnings forecast
.

How were Bitfarms' earnings last quarter?

Bitfarms Ltd. (NASDAQ:BITF) announced its quarterly earnings results on Monday, November, 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.04. The firm earned $34.60 million during the quarter, compared to analyst estimates of $37.15 million. Bitfarms had a negative net margin of 49.48% and a negative trailing twelve-month return on equity of 19.17%.

What ETF holds Bitfarms' stock ?

iShares Blockchain and Tech ETF holds 102,855 shares of BITF stock, representing 2.03% of its portfolio.

Who are Bitfarms' major shareholders?

Bitfarms' stock is owned by many different institutional and retail investors. Top institutional shareholders include Invesco Ltd. (4.54%), Toroso Investments LLC (1.83%), Van ECK Associates Corp (1.63%), Mirae Asset Global Investments Co. Ltd. (1.12%), Quadrature Capital Ltd (0.47%) and American Century Companies Inc. (0.37%).

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.

This page (NASDAQ:BITF) was last updated on 12/10/2023 by MarketBeat.com Staff

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