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Upturn AI SWOT - About
Bitfarms Ltd (BITF)
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Upturn Advisory Summary
07/11/2025: BITF (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
8 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $3.25
1 Year Target Price $3.25
| 6 | Strong Buy |
| 2 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -22.11% | Avg. Invested days 20 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 07/11/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 594.88M USD | Price to earnings Ratio - | 1Y Target Price 3.25 |
Price to earnings Ratio - | 1Y Target Price 3.25 | ||
Volume (30-day avg) 8 | Beta 4.16 | 52 Weeks Range 0.67 - 3.15 | Updated Date 07/12/2025 |
52 Weeks Range 0.67 - 3.15 | Updated Date 07/12/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.18 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -40.09% | Operating Margin (TTM) -30.99% |
Management Effectiveness
Return on Assets (TTM) -10.43% | Return on Equity (TTM) -16.3% |
Valuation
Trailing PE - | Forward PE 84.03 | Enterprise Value 487343797 | Price to Sales(TTM) 2.84 |
Enterprise Value 487343797 | Price to Sales(TTM) 2.84 | ||
Enterprise Value to Revenue 2.33 | Enterprise Value to EBITDA 10.29 | Shares Outstanding 555961984 | Shares Floating 480417739 |
Shares Outstanding 555961984 | Shares Floating 480417739 | ||
Percent Insiders 13.55 | Percent Institutions 22.03 |
Upturn AI SWOT
Bitfarms Ltd
Company Overview
History and Background
Bitfarms Ltd. was founded in 2017 and is a global Bitcoin mining company. It has grown through strategic acquisitions and organic expansion, establishing mining operations in North America and South America. Initially based in Canada, the company has evolved to operate multiple facilities and become a significant player in the Bitcoin mining industry.
Core Business Areas
- Bitcoin Mining: Bitfarms' primary business is Bitcoin mining, which involves using specialized hardware to solve complex cryptographic problems and validate transactions on the Bitcoin blockchain, earning newly minted Bitcoin as a reward.
Leadership and Structure
Bitfarms is led by a management team with experience in cryptocurrency mining, technology, and finance. The company has a board of directors overseeing its operations and strategic direction. As of October 2023, Olivier Piou is the CEO. Marco Beattie is the CFO.
Top Products and Market Share
Key Offerings
- Bitcoin Mining: Bitfarms' main product is mined Bitcoin. Market share is difficult to quantify precisely, but Bitfarms is a top 10 public miner globally, and its market share fluctuates based on mining difficulty, hashrate, and Bitcoin price. Competitors include Marathon Digital (MARA) and Riot Platforms (RIOT).
Market Dynamics
Industry Overview
The Bitcoin mining industry is characterized by high competition, technological advancements (ASIC chips), fluctuations in Bitcoin price, regulatory uncertainty, and electricity costs. Consolidation is a key trend with bigger players having efficiency advantages
Positioning
Bitfarms is positioned as a vertically integrated Bitcoin miner with a focus on low-cost electricity and efficient operations. It aims to expand its mining capacity and increase its hashrate to gain a greater share of the Bitcoin network. Bitfarms is in a good position because of its efficient operations and high-quality infrastructure.
Total Addressable Market (TAM)
The TAM is the total value of all Bitcoin rewards mined globally. This is constantly changing based on the Bitcoin price and mining difficulty. Bitfarms aims to capture an increasing share of the TAM through operational efficiency and capacity growth.
Upturn SWOT Analysis
Strengths
- Low-cost electricity access
- Efficient mining operations
- Diversified geographic locations
- Experienced management team
- Vertically integrated infrastructure
Weaknesses
- High dependence on Bitcoin price
- Exposure to regulatory risks
- Concentration of revenue in Bitcoin mining
- Intense competition in the mining industry
Opportunities
- Expansion of mining capacity
- Diversification into related services (e.g., hosting)
- Development of proprietary mining technology
- Strategic acquisitions of smaller miners
- Increased adoption of Bitcoin and cryptocurrency
Threats
- Declining Bitcoin price
- Increased mining difficulty
- Regulatory changes
- Competition from larger miners
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- MARA
- RIOT
- CLSK
- Hut 8 Corp (HUT)
Competitive Landscape
Bitfarms competes with other Bitcoin mining companies based on factors such as electricity costs, mining efficiency, hashrate, and geographic location. Bitfarms strengths are low-cost energy and operational expertise. Its weaknesses include dependence on Bitcoin price volatility and regulatory uncertainty.
Major Acquisitions
Backbone Hosting Solutions Inc
- Year: 2019
- Acquisition Price (USD millions): 0.8
- Strategic Rationale: Provided greater capacity for Bitfarms' existing mining operations and enabled the company to increase the utilization of available power at its Canadian mining sites.
Growth Trajectory and Initiatives
Historical Growth: Bitfarms' historical growth is tied to its ability to increase mining capacity and hashrate, as well as the price of Bitcoin. The financial statements and press releases would detail historical growth rates.
Future Projections: Future projections depend on factors such as Bitcoin price forecasts, planned capacity expansions, and technological advancements. Analyst estimates from investment banks can provide insights into future growth expectations.
Recent Initiatives: Recent initiatives include expanding mining facilities, upgrading mining hardware, and pursuing strategic partnerships to reduce costs and increase efficiency.
Summary
Bitfarms is a mid-sized Bitcoin miner striving for efficient operations. Its success hinges on Bitcoin's price, electricity costs, and regulatory developments. The company has demonstrated solid growth via capacity increases and strategic acquisitions. It needs to focus on managing risks associated with Bitcoin volatility and intensifying industry competition.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings (10-K, 10-Q)
- Company Press Releases
- Investor Presentations
- Analyst Reports
- Industry News Sources
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor. Market share data is based on estimates and may not be precise. Financial data is subject to change. Stock prices and projections are volatile and based on market conditions.
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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