Bitfarms Ltd. (T:BITF)
Business Focus: Cryptocurrency Mining
Mixed as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for BITF within the last 6 months
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Company News
Apr 17, 2024 07:00 ET
Bitfarms to Participate in Upcoming Conferences
Bitfarms Ltd. (NASDAQ: BITF/TSX: BITF), a global vertically integrated company, today announced that various members of management will be participating in the upcoming investor and industry conferences: Bitcoin Energy Summit Date:April 22-23,...
Apr 12, 2024 07:00 ET
Bitfarms Reaches 7 EH/s with Completion of Fleet Upgrade at Garlock and Farnham Facilities
Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining company, today announced the completion of its first two farm upgrades with over 5,000 Bitmain T21 miners installed and operating in Québec. “Our Bitmain miner...
Valuation Ratios
Industry
Sector
Beta
3.33
--
--
Price to Sales - TTM
4.35
3.71
4.43
Price to Book - most recent quarter
2.03
2.33
2.52
Price to Cash Flow per share - TTM
--
9.06
10.38
Price to Free Cash Flow per share - TTM
--
11.32
24.81
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Mar 31, 2024 | 7,325,678 | -4,043,463 |
| Mar 15, 2024 | 11,369,141 | 1,432,384 |
| Feb 29, 2024 | 9,936,757 | 2,327,271 |
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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