S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Critical asset just had biggest fall on record (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Laser breakthrough could send stock soaring 2,467% (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
Laser breakthrough could send stock soaring 2,467% (Ad)
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Critical asset just had biggest fall on record (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Laser breakthrough could send stock soaring 2,467% (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
Laser breakthrough could send stock soaring 2,467% (Ad)
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Critical asset just had biggest fall on record (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Laser breakthrough could send stock soaring 2,467% (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
Laser breakthrough could send stock soaring 2,467% (Ad)
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Critical asset just had biggest fall on record (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Laser breakthrough could send stock soaring 2,467% (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
Laser breakthrough could send stock soaring 2,467% (Ad)
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
NASDAQ:BITF

Bitfarms (BITF) Stock Price, News & Analysis

$3.02
-0.17 (-5.33%)
(As of 02/23/2024 ET)
Today's Range
$2.97
$3.17
50-Day Range
$2.02
$3.61
52-Week Range
$0.68
$3.72
Volume
20.47 million shs
Average Volume
24.98 million shs
Market Capitalization
$1.01 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.00

Bitfarms MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
32.5% Upside
$4.00 Price Target
Short Interest
Bearish
10.60% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.63mentions of Bitfarms in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.21) to ($0.10) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.56 out of 5 stars

Business Services Sector

220th out of 310 stocks

Nondepository Credit Institutions Industry

28th out of 48 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

BITF Mar 2024 5.500 call
BITF Mar 2024 5.000 call
Elon Musk's "Project Dojo" is a Game-Changer
Morgan Stanley predicts that Musk's latest act will boost Tesla's shares by 80% in the next 12 months. But if you want to profit from this development, you'll buy the firm that could see its sales explode by 829% as "Project Dojo" sweeps the nation.
BITF Mar 2024 1.500 put
7 Millionaire-Maker Penny Stocks to Buy in February 2024
3 Risky Penny Stocks That Are Worth the Shot
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
BITF Feb 2024 4.000 put
BITF Feb 2024 1.000 put
TSX Static by Noon
Bitfarms: Slow And Steady Lose The Race
What's Going On With Bitcoin Mining Stocks?
Bitfarms: Better Mining Economics In Argentina
Bitfarms Ltd. (BITF.TO)
See More Headlines
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Company Calendar

Today
2/24/2024
Next Earnings (Estimated)
3/19/2024
Fiscal Year End
12/31/2024

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
$4.00
High Stock Price Target
$5.00
Low Stock Price Target
$3.00
Potential Upside/Downside
+32.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Pretax Margin
-49.35%

Debt

Sales & Book Value

Annual Sales
$142.43 million
Book Value
$1.17 per share

Miscellaneous

Free Float
302,408,000
Market Cap
$1.01 billion
Optionable
Optionable
Beta
3.71
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Key Executives

  • Mr. Nicolas Bonta (Age 49)
    Founder & Chairman
    Comp: $1.63M
  • Mr. L. Geoffrey Morphy
    President, CEO & Director
  • Mr. Emiliano Joel Grodzki (Age 48)
    Founder & Director
    Comp: $1.63M
  • Mr. Jeffrey P. Lucas (Age 64)
    Chief Financial Officer
    Comp: $552.47k
  • Mr. Benjamin Gagnon
    Chief Mining Officer
  • Mr. Marc-Andre Ammann
    Vice President Finance & Accounting
  • Ms. Tracy H. Krumme (Age 56)
    Senior VP & Head 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?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bitfarms in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street research 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?

5 equities research analysts have issued 1-year price objectives for Bitfarms' shares. Their BITF share price targets range from $3.00 to $5.00. On average, they predict the company's stock price to reach $4.00 in the next twelve months. This suggests a possible upside of 32.5% 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 2024?

Bitfarms' stock was trading at $2.91 at the beginning of the year. Since then, BITF shares have increased by 3.8% and is now trading at $3.02.
View the best growth stocks for 2024 here
.

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
.

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 a variety of retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (1.25%), Mirae Asset Global Investments Co. Ltd. (0.94%), Vident Advisory LLC (0.52%), Shariaportfolio Inc. (0.21%), Citadel Advisors LLC (0.00%) and Baader Bank Aktiengesellschaft (0.08%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:BITF) was last updated on 2/25/2024 by MarketBeat.com Staff