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BITF
Upturn stock ratingUpturn stock rating

Bitfarms Ltd (BITF)

Upturn stock ratingUpturn stock rating
$0.75
Last Close (24-hour delay)
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PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

06/27/2025: BITF (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

ratingratingratingratingrating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

8 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.

Year Target Price $3.25

Year Target Price $3.25

Analyst’s Price TargetsFor last 52 week
$3.25Target price
Low$0.67
Current$0.75
high$3.15

Analysis of Past Performance

Type Stock
Historic Profit -22.11%
Avg. Invested days 20
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/27/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 419.23M USD
Price to earnings Ratio -
1Y Target Price 3.25
Price to earnings Ratio -
1Y Target Price 3.25
Volume (30-day avg) -
Beta 4.16
52 Weeks Range 0.67 - 3.15
Updated Date 06/29/2025
52 Weeks Range 0.67 - 3.15
Updated Date 06/29/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.18

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 312706863
Price to Sales(TTM) 2
Enterprise Value 312706863
Price to Sales(TTM) 2
Enterprise Value to Revenue 1.49
Enterprise Value to EBITDA 6.6
Shares Outstanding 555961984
Shares Floating 479711668
Shares Outstanding 555961984
Shares Floating 479711668
Percent Insiders 13.55
Percent Institutions 22.03

Analyst Ratings

Rating 4.75
Target Price 3.25
Buy 2
Strong Buy 6
Buy 2
Strong Buy 6
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Bitfarms Ltd

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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 -
Full time employees -

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.