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Bitfarms Ltd. (BITF)
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 35 | 169 | 142 | 146 | 193 | 229 | 152 |
| Operating profit | $m | -97 | -272 | |||||
| Net profit | $m | -16 | 22 | -176 | -109 | -54 | -285 | -430 |
| EPS reported | $ | -0.52 | -0.75 | |||||
| Operating cashflow per share | $ | -0.41 | -0.41 | |||||
| Capex per share | $ | 0.18 | 0.14 | |||||
| FCF per share | $ | -0.59 | -0.56 | |||||
| Free cash flow | $m | -327 | -338 | |||||
| Net debt | $m | 96 | 310 | |||||
| Book value equity | $m | 560 | 329 | |||||
| Book value per share | $ | 1.02 | 0.54 | |||||
| Number of shares | m | 551.68 | 605.37 | |||||
| DPS (TTM paid) | $ | 0.00 | 0.00 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | - | - | |||||
| P/B LTM | x | 2.31 | 3.96 | |||||
| P/S LTM | x | 5.65 | 8.56 | |||||
| P/FCF LTM | x | -3.97 | -3.85 | |||||
| EV/EBITDA LTM | x | -19.01 | -8.27 | |||||
| EV/Sales LTM | x | 6.14 | 10.60 | |||||
| Earnings Yield LTM | % | -21.95% | -32.90% | |||||
| FCF Yield | % | -25.21% | -25.96% | |||||
| Quality | ||||||||
| ROE | % | -50.78% | -89.64% | |||||
| ROIC | % | -7.80% | -19.83% | |||||
| Operating margin | % | -42.41% | -178.58% | |||||
| Gross margin | % | -8.25% | -82.83% | |||||
| FCF/Sales | % | -142.58% | -222.28% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | - | - | |||||
| Sales Growth YoY | % | +18.87% | -38.11% | |||||
| Net Income Growth YoY | % | - | - | |||||
| FCF Growth | % | - | - | |||||
| Operating Profit Growth | % | - | - | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 0.00% | 0.00% | |||||
| Dividend Growth | % | 0.00% | 0.00% | |||||
| Payout Ratio | % | 0.00% | 0.00% | |||||
| FCF/Debt | x | -0.48 | -0.33 | |||||
| Net Debt/EBITDA | x | -1.49 | -1.66 | |||||
| EBIT/Net interest | x | -11.28 | -30.50 | |||||
| Net debt/market cap | % | 7.41% | 23.83% | |||||
| Net debt/Equity | x | 0.17 | 0.94 | |||||
| Gross debt/equity | x | 1.22 | 3.16 | |||||
Company overview
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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For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Bitfarms Ltd. (BITF)
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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