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S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
BREAKING: Tiny biotech successfully treats blindness (Ad)
How major US stock indexes fared Friday 6/9/2023
MarketBeat Week in Review – 6/4 - 6/9
Laser breakthrough could send stock soaring 2,467% (Ad)
Kevin O'Leary Slams Martha Stewart's Comments on Remote Work: 'Nobody Wants to Work in These Places'
FuelCell Is Back To Realistic Valuation
66,000% upside on tiny biotech? (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
BREAKING: Tiny biotech successfully treats blindness (Ad)
How major US stock indexes fared Friday 6/9/2023
MarketBeat Week in Review – 6/4 - 6/9
Laser breakthrough could send stock soaring 2,467% (Ad)
Kevin O'Leary Slams Martha Stewart's Comments on Remote Work: 'Nobody Wants to Work in These Places'
FuelCell Is Back To Realistic Valuation
66,000% upside on tiny biotech? (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
BREAKING: Tiny biotech successfully treats blindness (Ad)
How major US stock indexes fared Friday 6/9/2023
MarketBeat Week in Review – 6/4 - 6/9
Laser breakthrough could send stock soaring 2,467% (Ad)
Kevin O'Leary Slams Martha Stewart's Comments on Remote Work: 'Nobody Wants to Work in These Places'
FuelCell Is Back To Realistic Valuation
66,000% upside on tiny biotech? (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
NASDAQ:BITF

Bitfarms (BITF) Stock Forecast, Price & News

$1.09
-0.04 (-3.54%)
(As of 06/9/2023 ET)
Compare
Today's Range
$1.08
$1.16
50-Day Range
$0.91
$1.25
52-Week Range
$0.38
$2.33
Volume
2.32 million shs
Average Volume
3.27 million shs
Market Capitalization
$237.91 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.00

Bitfarms MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
83.5% Upside
$2.00 Price Target
Short Interest
Healthy
2.63% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.90mentions of Bitfarms in the last 14 days
Based on 7 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.

2.16 out of 5 stars

Business Services Sector

145th out of 333 stocks

Nondepository Credit Institutions Industry

14th out of 41 stocks


BITF stock logo

About Bitfarms (NASDAQ:BITF) Stock

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 headquartered in Toronto, Canada.

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BITF Stock News Headlines

Wall Street Legend Who Called AMZN Crash Issues New Sell Alert
Now, after years of big gains, he says one popular company's day in the sun is finally coming to an end. You must get off this sinking ship – NOW. 1 million people follow him for his surprisingly accurate predictions. His new sell alert could save your wealth in 2023.
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Bitfarms (NASDAQ: BITF)
What 4 Analyst Ratings Have To Say About Bitfarms
Bitfarms (BITF) to Release Quarterly Earnings on Monday
Bitfarms Mines 379 BTC in April
Analyzing Bit Digital (NASDAQ:BTBT) & Bitfarms (NASDAQ:BITF)
Comparing Locafy (NASDAQ:LCFY) and Bitfarms (NASDAQ:BITF)
Bitfarms (NASDAQ:BITF) Now Covered by Stifel Nicolaus
HC Wainwright Cuts Bitfarms (NASDAQ:BITF) Price Target to $2.00
See More Headlines

BITF Price History

BITF Company Calendar

Last Earnings
3/21/2023
Today
6/10/2023
Next Earnings (Estimated)
8/21/2023
Fiscal Year End
12/31/2023

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 Forecast
$2.00
High Stock Price Forecast
$2.00
Low Stock Price Forecast
$2.00
Forecasted Upside/Downside
+83.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Margins
-186.19%
Pretax Margin
-204.49%

Debt

Sales & Book Value

Annual Sales
$142.43 million
Book Value
$1.17 per share

Miscellaneous

Free Float
197,539,000
Market Cap
$237.91 million
Optionable
Not Optionable
Beta
3.10

Key Executives

  • Mr. Nicolas Bonta (Age 48)
    Founder & Chairman
    Comp: $1.63M
  • Mr. L. Geoffrey Morphy
    Pres, 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
    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













BITF Stock - Frequently Asked Questions

Should I buy or sell Bitfarms stock right now?

4 Wall Street research 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 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?

4 brokers have issued 12 month price targets for Bitfarms' stock. 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 83.5% 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 2023?

Bitfarms' stock was trading at $0.44 at the beginning of 2023. Since then, BITF stock has increased by 147.7% and is now trading at $1.09.
View the best growth stocks for 2023 here
.

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
.

How were Bitfarms' earnings last quarter?

Bitfarms Ltd. (NASDAQ:BITF) announced its quarterly earnings results on Tuesday, March, 21st. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.01. The company had revenue of $27.04 million for the quarter, compared to analyst estimates of $25.60 million. Bitfarms had a negative net margin of 186.19% and a negative trailing twelve-month return on equity of 15.91%.

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 $1.09.

How much money does Bitfarms make?

Bitfarms (NASDAQ:BITF) has a market capitalization of $237.91 million and generates $142.43 million in revenue each year.

How many employees does Bitfarms have?

The company employs 150 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 6/10/2023 by MarketBeat.com Staff

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