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S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
Buy THIS stock before Taiwan is attacked (Ad)
10 Ways Entrepreneurs Can Navigate a Down Economy
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
Buy THIS stock before Taiwan is attacked (Ad)
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
Open vs. Anonymous Employee Feedback — Which is Better?
Buy THIS stock before Taiwan is attacked (Ad)
PwC Australia sidelines 9 directors as leak of tax information investigated
South African president appoints judge to oversee weapons-for-Russia inquiry
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
Buy THIS stock before Taiwan is attacked (Ad)
10 Ways Entrepreneurs Can Navigate a Down Economy
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
Buy THIS stock before Taiwan is attacked (Ad)
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
Open vs. Anonymous Employee Feedback — Which is Better?
Buy THIS stock before Taiwan is attacked (Ad)
PwC Australia sidelines 9 directors as leak of tax information investigated
South African president appoints judge to oversee weapons-for-Russia inquiry
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
Buy THIS stock before Taiwan is attacked (Ad)
10 Ways Entrepreneurs Can Navigate a Down Economy
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
Buy THIS stock before Taiwan is attacked (Ad)
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
Open vs. Anonymous Employee Feedback — Which is Better?
Buy THIS stock before Taiwan is attacked (Ad)
PwC Australia sidelines 9 directors as leak of tax information investigated
South African president appoints judge to oversee weapons-for-Russia inquiry
NASDAQ:BITF

Bitfarms (BITF) Stock Forecast, Price & News

$1.10
+0.03 (+2.80%)
(As of 05/26/2023 04:00 PM ET)
Compare
Today's Range
$1.06
$1.13
50-Day Range
$0.90
$1.25
52-Week Range
$0.38
$2.33
Volume
1.81 million shs
Average Volume
4.70 million shs
Market Capitalization
$240.10 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
81.8% 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 6 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

189th out of 346 stocks

Nondepository Credit Institutions Industry

22nd out of 42 stocks


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

66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Bitfarms (NASDAQ: BITF)
What 4 Analyst Ratings Have To Say About Bitfarms
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
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
Comparing PubMatic (NASDAQ:PUBM) and Bitfarms (NASDAQ:BITF)
Bitfarms Mines 486 Bitcoin in January
See More Headlines
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BITF Company Calendar

Today
5/29/2023
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
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
+81.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 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
$240.10 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













BITF Stock - Frequently Asked Questions

Should I buy or sell Bitfarms stock right now?

3 Wall Street 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 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 Wall Street analysts have issued 1 year target prices for Bitfarms' stock. Their BITF share price forecasts range from $2.00 to $2.00. On average, they expect the company's share price to reach $2.00 in the next year. This suggests a possible upside of 81.8% 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 150.0% and is now trading at $1.10.
View the best growth stocks for 2023 here
.

Are investors shorting Bitfarms?

Bitfarms saw a decrease in short interest in 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 trading volume, of 4,170,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 2.6% of the company's stock are short sold.
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 retail and institutional 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 $1.10.

How much money does Bitfarms make?

Bitfarms (NASDAQ:BITF) has a market capitalization of $240.10 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 5/29/2023 by MarketBeat.com Staff

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