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Bitfarms Ltd (BITF)
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Upturn Advisory Summary
12/04/2025: BITF (5-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Outstanding Performance
These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.
Number of Analysts
8 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $4.94
1 Year Target Price $4.94
| 6 | Strong Buy |
| 2 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 192.8% | Avg. Invested days 26 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 12/04/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.85B USD | Price to earnings Ratio - | 1Y Target Price 4.94 |
Price to earnings Ratio - | 1Y Target Price 4.94 | ||
Volume (30-day avg) 8 | Beta 4.81 | 52 Weeks Range 0.67 - 6.60 | Updated Date 12/5/2025 |
52 Weeks Range 0.67 - 6.60 | Updated Date 12/5/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.13 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-11-13 | When - | Estimate -0.02 | Actual -0.08 |
Profitability
Profit Margin -46.38% | Operating Margin (TTM) -28.77% |
Management Effectiveness
Return on Assets (TTM) -8.17% | Return on Equity (TTM) -12.5% |
Valuation
Trailing PE - | Forward PE 84.03 | Enterprise Value 1673116518 | Price to Sales(TTM) 6.71 |
Enterprise Value 1673116518 | Price to Sales(TTM) 6.71 | ||
Enterprise Value to Revenue 6.05 | Enterprise Value to EBITDA 37.72 | Shares Outstanding 597923486 | Shares Floating 570526632 |
Shares Outstanding 597923486 | Shares Floating 570526632 | ||
Percent Insiders 4.66 | Percent Institutions 38.3 |
Upturn AI SWOT
Bitfarms Ltd
Company Overview
History and Background
Bitfarms Ltd. was founded in 2017 and is a global Bitcoin mining company. It focuses on acquiring and developing vertically integrated mining operations, leveraging renewable energy sources. It has grown through organic expansion and acquisitions.
Core Business Areas
- Bitcoin Mining: Bitfarms' primary business is Bitcoin mining, which involves using specialized hardware to solve complex cryptographic puzzles and validate transactions on the Bitcoin blockchain. The company receives Bitcoin as a reward for its efforts.
- Data Center Operations: Bitfarms also operates and manages data centers that house its mining equipment. This includes power management, cooling, and security.
Leadership and Structure
Geoff Morphy is the President and COO. The company has a board of directors overseeing strategic decisions and corporate governance. Their operating structure is decentralized across various mining facilities globally.
Top Products and Market Share
Key Offerings
- Bitcoin Mining: Bitfarms generates revenue primarily through Bitcoin mining. As a publicly traded company, it is difficult to precisely determine its market share. Competitors include Marathon Digital Holdings, Riot Platforms, and CleanSpark. Revenue generated varies with the price of Bitcoin and hashing power.
Market Dynamics
Industry Overview
The Bitcoin mining industry is highly competitive and volatile, influenced by factors such as Bitcoin price fluctuations, regulatory changes, and technological advancements in mining hardware. Energy costs and availability are also critical.
Positioning
Bitfarms aims to be a leader in sustainable Bitcoin mining, focusing on using renewable energy sources. Its vertically integrated approach gives it some control over its operations and costs.
Total Addressable Market (TAM)
The TAM is the total Bitcoin mining revenue available globally, which fluctuates with Bitcoin price. Bitfarms is positioned to capture a portion of this TAM by increasing its hashrate and reducing its cost per Bitcoin mined.
Upturn SWOT Analysis
Strengths
- Renewable energy focus
- Vertically integrated operations
- Experienced management team
- Geographically diversified mining facilities
Weaknesses
- High energy consumption
- Dependence on Bitcoin price
- Susceptible to regulatory changes
- Capital intensive operations
Opportunities
- Expansion of mining capacity
- Technological advancements in mining hardware
- Increased institutional adoption of Bitcoin
- Strategic partnerships with energy providers
Threats
- Bitcoin price volatility
- Increased mining difficulty
- Regulatory restrictions on Bitcoin mining
- Competition from other mining companies
Competitors and Market Share
Key Competitors
- MARA
- RIOT
- CLSK
Competitive Landscape
Bitfarms aims to differentiate itself through its focus on renewable energy and vertically integrated operations. However, it faces intense competition from larger and more established mining companies.
Growth Trajectory and Initiatives
Historical Growth: Bitfarms has grown rapidly by expanding mining capacity and acquiring new facilities.
Future Projections: Future growth depends on factors such as Bitcoin price, mining difficulty, and the company's ability to secure access to low-cost energy.
Recent Initiatives: Recent initiatives include expanding existing mining facilities and investing in new mining hardware.
Summary
Bitfarms' focus on renewable energy and vertical integration provides a strategic advantage. However, it faces risks associated with Bitcoin price volatility and regulatory uncertainty. Expansion of mining capacity and managing electricity costs are critical for long-term success. It is important for Bitfarms to ensure sustainable practices which appeal to shareholders.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings
- Industry reports
- Financial news sources
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market conditions and company performance are subject to change.
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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