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BITF stock logo

BITF

Bitfarms Ltd.

$2.16
0.18
 (9.09%)
Exchange:  NASDAQ
Market Cap:  1.302B
Shares Outstanding:  57.046M
Delayed data
Calculate BITF Intrinsic Value
5-year outlook →
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Technology
Industry:  Information Technology Services
   
CEO:  Benjamin J. Gagnon
Full Time Employees:  170
Address: 
18 King Street East
Toronto
ON
M5C 1C4
CA
Website:  https://keelinfra.com
Bitfarms Ltd. operates an enterprise focused on the extraction of various digital currencies across North America. The company maintains and runs its own data centers, primarily dedicated to verifying transactions on the Bitcoin Blockchain, from which it obtains cryptocurrency through block rewards and associated transaction fees. In addition to its mining operations, Bitfarms provides electrical contracting services to commercial and residential customers throughout Quebec, Canada. It also offers hosting facilities for external cryptocurrency mining equipment. Founded in 2017, the company maintains its corporate headquarters in Toronto, Canada.

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Revenue Segmentation

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EPS

Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.

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View full analyst estimates

Earnings Call

Full text

Earnings transcript

Read the complete earnings call transcript.

AI summary

Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2026/05/11 — 1 quarter 2026

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue146,366192,881229,276
Gross Profit-21,502-32,359-18,904
EBITDA-17,413.44574,352-74,012
Operating Income-72,129-107,563-97,243
Net Income-108,922-54,063-284,544

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets378,725667,6161,296,344
Total Liabilities83,96359,621735,969
Total Stockholders Equity294,762607,995560,375
Total Debt19,87223,415683,778
Cash and Cash Equivalents84,03859,542573,462

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(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow24,030.759-140,562-226,594
Capital Expenditure-71,305-339,854-100,297
Free Cash Flow-177,016-480,416-326,891
Net Income-108,922-54,063-284,544
Net Change in Cash53,151-24,496571,420

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2028Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Low)180,636.099Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (High)590,898.933Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Avg)394,245.500Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Low)-84,732.882Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (High)-25,902.597Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Avg)-56,533.454Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Low)-183,835.246Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (High)-32,969.791Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Avg)-111,521.456Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Low)58,067.848Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (High)189,952.230Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Avg)126,735.399Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Avg)-0.200Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (High)-0.060Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Low)-0.330Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated Revenue)1Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated EPS)1Research AccessResearch AccessResearch AccessResearch Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
183.62M  ?P/S
 (TTM)
: 
8.56
?Net Income
 (TTM)
: 
-51467235.56  ?P/E
 (TTM)
: 
-2.88
?Enterprise Value
 (TTM)
: 
1.625B  ?EV/FCF
 (TTM)
: 
-4.81
?Dividend Yield
 (TTM)
: 
0%  ?Payout Ratio
 (TTM)
: 
0%
?ROE
 (TTM)
: 
-89.64%  ?ROIC
 (TTM)
: 
-19.83%
?Net Debt
 (TTM)
: 
-156158058.8  ?Debt/Equity
 (TTM)
: 
3.16
?P/B
 (TTM)
: 
3.98  ?Current Ratio
 (TTM)
: 
16.26

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Research Access for high/low estimates and the interactive table.

Forward P/E 1YResearch AccessResearch AccessResearch AccessResearch Access
N/AResearch AccessResearch AccessResearch AccessResearch Access

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SWOT Analysis

Strengths (preview)

  • Strong Financial Progress in Q2 2025: As highlighted in the Q2 2025 earnings call transcript, Bitfarms reported significant developments in financial performance, indicating robust revenue growth and operational improvements. This suggests effective management and operational efficiency in their core Bitcoin mining activities.
  • Strategic Energy Assets: The earnings call emphasized Bitfarms’ ability to leverage energy assets, providing a competitive edge in cost management for mining operations and potential diversification into high-performance computing (HPC) and AI infrastructure.
  • Positive Free Cash Flow Trends: Analysis of cash flow statements shows a focus on generating positive free cash flow, supported by operational cash flow improvements. This financial stability can fund future capital expenditures without excessive reliance on debt.

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At what price to buy it? -
Intrinsic Value Calculator

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.

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Common questions about BITF valuation

Is Bitfarms Ltd. (BITF) overvalued or undervalued right now?

MARKETSnap estimates intrinsic value for Bitfarms Ltd. (BITF) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is BITF a buy, hold, or sell for long-term investors?

MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether BITF trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is BITF’s P/E ratio?

You can see BITF’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for BITF?

MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is BITF a good long-term investment?

Whether BITF fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

BITF

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

9.09
MARKETSnap

Trading Metrics:

Open: 2.07   Previous Close: 1.98
Day Low: 2   Day High: 2.16
Year Low: 0.67   Year High: 6.6
Price Avg 50: 2.19   Price Avg 200: 2.37
Volume: 15.269M   Average Volume: 35.884M

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BITF full analysis

13/11/2025

Welcome to MARKETSNAP’s SWOT analysis for Bitfarms, a company that might not be on everyone’s radar but is definitely worth a closer look if you’re into the crypto mining space. Today, we’re diving deep into what makes Bitfarms tick, breaking down their strengths, weaknesses, opportunities, and threats, all while keeping an eye on what this means for you as a long-term investor. So, grab a coffee, let’s chat about this intriguing player in the blockchain world, and see if it’s…

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See in Nexus

Relevant news

Bitfarms Q2 Earnings Call Highlights
10-08-2026 10:05
Bitfarms Q2 Earnings Call Highlights
Bitfarms Q1 Earnings Call Highlights
11-05-2026 09:07
Bitfarms Q1 Earnings Call Highlights
Bitfarms Rebrands To Keel Infrastructure, But Financial Engineering Still Weighs
03-04-2026 08:00
Bitfarms Rebrands To Keel Infrastructure, But Financial Engineering Still Weighs
BITF Q4 Loss Wider Than Estimates, Revenues Grow Y/Y, Shares Rise
02-04-2026 13:27
BITF Q4 Loss Wider Than Estimates, Revenues Grow Y/Y, Shares Rise

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