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Bitfarms Ltd (BITF)



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Upturn Advisory Summary
10/13/2025: BITF (3-star) is a STRONG-BUY. BUY since 65 days. Simulated Profits (399.07%). Updated daily EoD!
1 Year Target Price $2.68
1 Year Target Price $2.68
6 | Strong Buy |
2 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 288.71% | Avg. Invested days 25 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.32B USD | Price to earnings Ratio - | 1Y Target Price 2.68 |
Price to earnings Ratio - | 1Y Target Price 2.68 | ||
Volume (30-day avg) 8 | Beta 4.43 | 52 Weeks Range 0.67 - 5.42 | Updated Date 10/13/2025 |
52 Weeks Range 0.67 - 5.42 | Updated Date 10/13/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.16 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -35.09% | Operating Margin (TTM) -34.58% |
Management Effectiveness
Return on Assets (TTM) -9.5% | Return on Equity (TTM) -15.17% |
Valuation
Trailing PE - | Forward PE 84.03 | Enterprise Value 1551679135 | Price to Sales(TTM) 9.45 |
Enterprise Value 1551679135 | Price to Sales(TTM) 9.45 | ||
Enterprise Value to Revenue 6.32 | Enterprise Value to EBITDA 62.08 | Shares Outstanding 552599613 | Shares Floating 524914372 |
Shares Outstanding 552599613 | Shares Floating 524914372 | ||
Percent Insiders 4.67 | Percent Institutions 21.54 |
Upturn AI SWOT
Bitfarms Ltd
Company Overview
History and Background
Bitfarms Ltd. was founded in 2017 and is a global Bitcoin mining company. It began with operations in Quebec, Canada, and has since expanded internationally. The company focuses on acquiring and developing facilities to mine Bitcoin efficiently.
Core Business Areas
- Bitcoin Mining: The primary business is Bitcoin mining, utilizing specialized hardware and infrastructure to validate transactions and earn Bitcoin rewards.
Leadership and Structure
Bitfarms' leadership team consists of experienced professionals in finance, technology, and mining. The company has a hierarchical structure with a board of directors overseeing management.
Top Products and Market Share
Key Offerings
- Bitcoin Mining: Bitfarms generates revenue primarily from mining Bitcoin. The company's hash rate contributes to the overall Bitcoin network hash rate. Competitors include Marathon Digital Holdings (MARA) and Riot Platforms (RIOT).
Market Dynamics
Industry Overview
The Bitcoin mining industry is characterized by increasing competition, fluctuating Bitcoin prices, and evolving regulatory landscapes. Energy costs and access to efficient hardware are critical factors for success.
Positioning
Bitfarms is positioned as a vertically integrated Bitcoin miner, owning its infrastructure and controlling its energy sources in some locations. This offers cost advantages.
Total Addressable Market (TAM)
The total addressable market is the entire market capitalization of Bitcoin which is in the trillions. Bitfarms is positioned to capture a portion of the revenue generated from mining activities within this market.
Upturn SWOT Analysis
Strengths
- Vertical integration in some locations
- Experienced management team
- Significant hash rate capacity
Weaknesses
- High energy consumption
- Dependence on Bitcoin price
- Susceptibility to regulatory changes
Opportunities
- Expansion into new geographic locations
- Adoption of more efficient mining technologies
- Diversification into other crypto-related services
Threats
- Decreasing Bitcoin mining rewards (halving events)
- Increased competition from other miners
- Adverse regulatory actions
- Fluctuations in Bitcoin price
Competitors and Market Share
Key Competitors
- MARA
- RIOT
- CLSK
Competitive Landscape
Bitfarms faces intense competition from other large-scale Bitcoin mining operations. Its competitive advantage lies in its low-cost energy sources and efficient operations.
Growth Trajectory and Initiatives
Historical Growth: Bitfarms' growth has been primarily driven by increasing its hash rate and expanding its mining infrastructure.
Future Projections: Future growth is dependent on factors such as Bitcoin price, mining efficiency, and access to capital. Analyst estimates vary widely based on these factors.
Recent Initiatives: Recent initiatives include expanding mining facilities and upgrading mining hardware to improve efficiency.
Summary
Bitfarms is a Bitcoin mining company dependent on the price of Bitcoin and its operational efficiency. While it has expanded its mining capacity, its performance is strongly tied to market volatility. The company needs to manage its energy costs and remain competitive in the evolving mining landscape. They should also look out for new regulations and Bitcoin Halving events.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Financial News Outlets
- Industry Reports
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market conditions and company performance can change rapidly. Consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Bitfarms Ltd
Exchange NASDAQ | Headquaters Toronto, ON, Canada | ||
IPO Launch date 2018-08-28 | CEO & Director Mr. Benjamin J. Gagnon | ||
Sector Financial Services | Industry Capital Markets | Full time employees - | Website https://www.bitfarms.com |
Full time employees - | Website https://www.bitfarms.com |
Bitfarms Ltd. operates integrated bitcoin data centers in Canada, the United States, Paraguay, and Argentina. It primarily owns and operates data centers housing computers to validate transactions on the bitcoin blockchain, as well as sells computational power used for hashing calculations for cryptocurrency mining in multiple jurisdictions. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was formerly known as Bitfarms Technologies Ltd and changed its name to Bitfarms Ltd. in October 2018. The company was founded in 2017 and is based in Toronto, Canada.

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