How have BITF shares performed in 2023?

Bitfarms' stock was trading at C$0.56 at the beginning of 2023. Since then, BITF shares have increased by 328.6% and is now trading at C$2.40. View the best growth stocks for 2023 here .

How do I buy shares of Bitfarms?

Shares of BITF stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

Bitfarms Stock Price, News & Analysis (TSE:BITF)

C$2.40

+0.15 (+6.67%)

(As of 12/4/2023 ET)

Compare

Today's Range: C$2.25
▼
C$2.65
50-Day Range: C$1.29
▼
C$2.40
52-Week Range: C$0.52
▼
C$2.84

Volume: 8.53 million shs
Average Volume: 1.68 million shs
Market Capitalization: C$666.43 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

Stock Analysis Chart Competitors Headlines Insider Trades

About Bitfarms Stock (TSE: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

30 days | 90 days | 365 days | Advanced Chart

BITF Stock News Headlines

December 5, 2023 | americanbankingnews.com

Bitfarms Ltd. (TSE:BITF) Director Edie Hofmeister Sells 30,000 Shares of Stock

December 4, 2023 | markets.businessinsider.com

Why Bitcoin Miners CleanSpark And Bitfarms Are Trading Higher Today

December 5, 2023 | Edge On The Street (Ad)

The Battery Metal Nobody Told You About

According to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy. Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium "the future of battery tech."

November 30, 2023 | americanbankingnews.com

Bitfarms (TSE:BITF) Trading 13.9% Higher

November 29, 2023 | benzinga.com

Thinking about buying stock in Biomea Fusion, Tuya Inc, Bitfarms, Netflix, or Biodexa Pharmaceuticals?

November 28, 2023 | finance.yahoo.com

Bitfarms Announces Closing of C$60 Million Private Placement with U.S. Institutional Investors

November 27, 2023 | forbes.com

Bitfarms Ltd. Announces Major Upgrade In Bitcoin Mining Operations

November 27, 2023 | finance.yahoo.com

Bitfarms Initiates Transformative Fleet Upgrade that Supports 17 EH/s and 391 MW in 2024

December 5, 2023 | Financial Alphas (Ad)

Countries Are Investing Heavily Into Securing Energy Independence

There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.

November 26, 2023 | americanbankingnews.com

Bitfarms (TSE:BITF) Stock Price Down 11.4%

November 24, 2023 | markets.businessinsider.com

Bitfarms And Other Big Stocks Moving Lower On Friday

November 24, 2023 | finance.yahoo.com

Bitfarms Announces C$60 Million Private Placement with U.S. Institutional Investors

November 15, 2023 | msn.com

Bitfarms among financials gainers, Nu Holdings in losers

November 15, 2023 | baystreet.ca

TSX Enjoys 5th Straight Winning Session

November 15, 2023 | finance.yahoo.com

Bitfarms Locks in Power Cost at 2.1 cents per kWh Fixed Rate at Rio Cuarto

November 8, 2023 | finance.yahoo.com

Bitfarms Ltd. (NASDAQ:BITF) Q3 2023 Earnings Call Transcript

November 1, 2023 | finance.yahoo.com

Bitfarms Earns 398 BTC in October 2023

October 31, 2023 | finance.yahoo.com

Bitfarms Ltd. (BITF) Stock Slides as Market Rises: Facts to Know Before You Trade

October 27, 2023 | msn.com

Bitfarms: Efficient, Expanding, And Nearly Debt-Free

October 25, 2023 | msn.com

Bitfarms Ltd. (BITF) Dips More Than Broader Market: What You Should Know

October 24, 2023 | finance.yahoo.com

Bitfarms to Report Third Quarter 2023 Financial Results on Tuesday, November 7, 2023

October 23, 2023 | markets.businessinsider.com

October 23, 2023 | finance.yahoo.com

Bitfarms Reaches 240 MW and 6.3 EH/s as Baie-Comeau Fully Energizes Initial Phase

October 11, 2023 | benzinga.com

Tales From A Crypto Miner: Bitfarms' Geoff Morphy To Speak At Benzinga's Future Of Digital Assets Event

October 5, 2023 | finance.yahoo.com

(BITF) Advances While Market Declines: Some Information for Investors

October 4, 2023 | 247wallst.com

The Zacks Analyst Blog Highlights BlackRock, Coinbase Global, Riot Blockchain, Bitfarms and Marathon

October 2, 2023 | markets.businessinsider.com

Bitfarms Mines 411 BTC in September 2023

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Capital Markets
Sub-Industry: N/A
Sector: Financial Services
Current Symbol: TSE:BITF
CUSIP: N/A
CIK: N/A
Web: www.bitfarms.com
Phone: 647-259-1790
Fax: N/A
Employees: 150
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): C($0.34)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 12.87
P/E Growth: N/A
Net Income: C$-63,510,000.00
Net Margins: -49.94%
Pretax Margin: N/A
Return on Equity: -23.07%
Return on Assets: -13.42%

Debt

Debt-to-Equity Ratio: 9.15
Current Ratio: 2.82
Quick Ratio: 0.63

Sales & Book Value

Annual Sales: C$127.16 million
Price / Sales: 5.24
Cash Flow: C$0.60 per share
Price / Cash Flow: 4.00
Book Value: C$1.03 per share
Price / Book: 2.33

Miscellaneous

Outstanding Shares: 277,680,000
Free Float: N/A
Market Cap: C$666.43 million
Optionable: Not Optionable
Beta: 3.14

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Key Executives

Mr. Nicolas Bonta (Age 48)
Founder & Chairman
Comp: $2.24M
Mr. L. Geoffrey Morphy
President, CEO & Director
Mr. Emiliano Joel Grodzki (Age 47)
Founder & Director
Comp: $2.24M
Mr. Jeffrey P. Lucas (Age 63)
Chief Financial Officer
Comp: $759.94k
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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

BITF Stock Analysis - Frequently Asked Questions

How have BITF shares performed in 2023?: Bitfarms' stock was trading at C$0.56 at the beginning of 2023. Since then, BITF shares have increased by 328.6% and is now trading at C$2.40.
View the best growth stocks for 2023 here.
How do I buy shares of Bitfarms?: Shares of BITF stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:BITF) was last updated on 12/5/2023 by MarketBeat.com Staff

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