Bitfarms Ltd. (T:BITF)
Business Focus: Cryptocurrency Mining
Cloudy as of January 01, 2025
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Insider Filings
Latest 10 SEDI filings for BITF within the last 6 months
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Company News
Jan 08, 2025 07:00 ET
Bitfarms to Present at Needham Growth Conference in NYC
Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms”), a global vertically integrated Bitcoin data center company, will be attending Needham’s 27th Annual Growth Conference, taking place from January 14-15th in New York City. Bitfarms CEO Ben Gagnon, CFO...
Jan 02, 2025 07:00 ET
Bitfarms Provides December 2024 Production and Operations Update
Bitfarms Ltd. (NASDAQ/TSX: BITF), a global leader in vertically integrated Bitcoin data center operations, today issued its latest monthly production report. All financial references are in U.S. dollars. CEO Ben Gagnon stated, “2024 was a...
Valuation Ratios
Industry
Sector
Beta
3.25
--
--
Price to Sales - TTM
3.98
4.19
4.36
Price to Book - most recent quarter
1.42
1.58
2.79
Price to Cash Flow per share - TTM
57.67
4.89
15.42
Price to Free Cash Flow per share - TTM
--
8.83
19.66
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Dec 31, 2024 | 15,394,992 | 2,536,221 |
| Dec 15, 2024 | 12,858,771 | 2,464,993 |
| Nov 30, 2024 | 10,393,778 | -1,328,153 |
Business Summary
| Sector: Technology | Industry: Blockchain & Cryptocurrency |
Bitfarms Ltd. is a Canada-based global vertically integrated bitcoin mining company. The Company develops, owns, and operates vertically integrated mining farms with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company's proprietary data analytics system delivers operational performance and uptime. The Company operates through the cryptocurrency mining segment. The Company operates server farms comprised of computers (Miners) designed for the purpose of validating transactions on the Bitcoin (BTC) Blockchain (Mining). The Company also operates Miners about 24 hours a day producing computational power (measured by hashrate) which it sells to Mining Pools under a formula-driven rate commonly known as Full Pay Per Share (FPPS). The Company has 11 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.
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