Bitfarms Financial Statements From 2010 to 2024

Bitfarms Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Total Assets 224.7 M 378.7 M 126.4 M Slightly volatile Other Current Liabilities 42.4 M 40.4 M 8.2 M Slightly volatile Total Current Liabilities 44.1 M 69.2 M 24.3 M Slightly volatile Total Stockholder Equity 166.5 M 294.8 M 94.8 M Slightly volatile Property Plant And Equipment Net 135.9 M 240.1 M 76.7 M Slightly volatile Accounts Payable 6.8 M 9.1 M 5.4 M Slightly volatile Cash 88.2 M 84 M 24.9 M Slightly volatile Non Current Assets Total 144 M 248.7 M 82.8 M Slightly volatile Cash And Short Term Investments 121.7 M 115.9 M 33.9 M Slightly volatile Net Receivables 2.1 M 2.2 M 2.4 M Slightly volatile Common Stock Shares Outstanding 142.9 M 262.2 M 96.7 M Slightly volatile Liabilities And Stockholders Equity 224.7 M 378.7 M 126.4 M Slightly volatile Non Current Liabilities Total 13.2 M 14.8 M 6.9 M Slightly volatile Capital Surpluse 25.3 M 50.3 M 25.1 M Slightly volatile Inventory 424.3 K 705 K 409.4 K Pretty Stable Other Current Assets 19.7 M 11.2 M 11.1 M Slightly volatile Other Stockholder Equity 36.4 M 65.1 M 35.4 M Slightly volatile Total Liabilities 57.3 M 84 M 31.2 M Slightly volatile Total Current Assets 80.7 M 130 M 43.6 M Slightly volatile Intangible Assets 3.9 M 3.7 M 3.3 M Slightly volatile Common Stock 556.6 M 530.1 M 130.8 M Slightly volatile Property Plant Equipment 284.7 M 271.2 M 81 M Slightly volatile Short and Long Term Debt Total 18.9 M 19.9 M 17 M Slightly volatile Other Liabilities 2.5 M 2.3 M 1.2 M Slightly volatile Net Tangible Assets 157.6 M 293.9 M 85.6 M Slightly volatile Current Deferred Revenue 15.4 M 14.7 M 4.3 M Slightly volatile Non Currrent Assets Other 3.3 M 4.9 M 2 M Slightly volatile Net Invested Capital 218 M 298.8 M 103 M Slightly volatile Short and Long Term Debt 3.8 M 4 M 9.9 M Slightly volatile Capital Stock 556.6 M 530.1 M 130.8 M Slightly volatile Capital Lease Obligations 14.3 M 15.8 M 9.1 M Slightly volatile Property Plant And Equipment Gross 286.2 M 466.7 M 150.8 M Slightly volatile Cash And Equivalents 151.7 M 144.4 M 38.3 M Slightly volatile
Bitfarms Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Interest Income 1.3 M 1.4 M 3.1 M Slightly volatile Depreciation And Amortization 89 M 84.8 M 22.8 M Slightly volatile Selling General Administrative 23.5 M 38.8 M 11.6 M Slightly volatile Other Operating Expenses 220.9 M 210.4 M 60.5 M Slightly volatile Cost Of Revenue 176.3 M 167.9 M 45.7 M Slightly volatile Total Operating Expenses 25 M 42.5 M 13.4 M Slightly volatile Interest Expense 7.2 M 11.9 M 3.2 M Slightly volatile Selling And Marketing Expenses 260 K 491 K 256.9 K Very volatile Reconciled Depreciation 89 M 84.8 M 26.8 M Slightly volatile
Bitfarms Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Sale Purchase Of Stock 72.8 M 62.2 M 40.4 M Slightly volatile Other Cashflows From Financing Activities 12.3 M 13 M 53 M Pretty Stable Depreciation 89 M 84.8 M 22.8 M Slightly volatile Capital Expenditures 93.1 M 71.3 M 84 M Pretty Stable Total Cash From Financing Activities 89.5 M 87.9 M 73.5 M Pretty Stable End Period Cash Flow 43.4 M 84 M 34 M Slightly volatile Stock Based Compensation 11.2 M 10.9 M 5.2 M Slightly volatile Begin Period Cash Flow 31.1 M 30.9 M 15.8 M Slightly volatile Issuance Of Capital Stock 78.9 M 109.1 M 35.5 M Slightly volatile
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend PTB Ratio 3.32 2.5889 3.0444 Very volatile Book Value Per Share 0.74 1.124 0.7101 Slightly volatile Capex To Depreciation 0.8 0.841 7.7894 Slightly volatile PB Ratio 3.32 2.5889 3.0444 Very volatile Inventory Turnover 134 238 88.7328 Slightly volatile Days Of Inventory On Hand 1.46 1.5329 60.938 Slightly volatile Payables Turnover 19.42 18.4938 6.5519 Slightly volatile Cash Per Share 0.23 0.442 0.1868 Slightly volatile Days Payables Outstanding 18.75 19.7364 635 Slightly volatile Intangibles To Total Assets 0.0093 0.0098 0.0804 Slightly volatile Current Ratio 1.13 1.8796 1.425 Very volatile Tangible Book Value Per Share 0.71 1.1099 0.653 Slightly volatile Graham Number 1.73 3.1676 1.5869 Slightly volatile Shareholders Equity Per Share 0.73 1.124 0.7033 Slightly volatile Debt To Equity 0.013 0.0136 0.2042 Pretty Stable Capex Per Share 0.4 0.2769 0.3754 Slightly volatile Interest Debt Per Share 0.0578 0.0608 0.1152 Slightly volatile Debt To Assets 0.0101 0.0106 0.1008 Pretty Stable Price Book Value Ratio 3.32 2.5889 3.0444 Very volatile Days Of Payables Outstanding 18.75 19.7364 635 Slightly volatile Company Equity Multiplier 1.9 1.2849 1.5096 Slightly volatile Long Term Debt To Capitalization 0.0172 0.0181 0.0531 Very volatile Total Debt To Capitalization 0.0128 0.0135 0.141 Pretty Stable Debt Equity Ratio 0.013 0.0136 0.2042 Pretty Stable Quick Ratio 1.11 1.8694 1.3775 Very volatile Cash Ratio 1.28 1.2152 0.7573 Pretty Stable Days Of Inventory Outstanding 1.46 1.5329 60.938 Slightly volatile Price To Book Ratio 3.32 2.5889 3.0444 Very volatile Debt Ratio 0.0101 0.0106 0.1008 Pretty Stable Price Fair Value 3.32 2.5889 3.0444 Very volatile
Bitfarms Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 636.9 M 716.5 M 780.2 M Slightly volatile Enterprise Value 604.5 M 680 M 740.5 M Slightly volatile

Bitfarms Fundamental Market Drivers

About Bitfarms Financial Statements

Pair Trading with Bitfarms

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bitfarms position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bitfarms will appreciate offsetting losses from the drop in the long position's value.When determining whether Bitfarms is a strong investment it is important to analyze Bitfarms' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bitfarms' future performance. For an informed investment choice regarding Bitfarms Stock, refer to the following important reports:

How To Invest In Bitfarms Details

Is Bitfarms Stock a good investment? Details

What is Bitfarms' Net Worth? Details

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Altman Z Score Details

Intrinsic Valuation Details

Financial Analysis Details

Buy or Sell Advice Details

Earnings Projections Details

Please note, there is a significant difference between Bitfarms' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitfarms is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitfarms' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.