Bitfarms Financials

BITF Stock

USD 2.21 0.12 5.15%

Based on the key indicators related to Bitfarms' liquidity, profitability, solvency, and operating efficiency, Bitfarms may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Bitfarms' Total Current Liabilities is most likely to increase significantly in the upcoming years. The Bitfarms' current Total Stockholder Equity is estimated to increase to about 734.2 M, while Net Debt is forecasted to increase to (30.9 M).

Covid

Interest Hikes

Bitfarms Balance Sheet Chart

At this time, Bitfarms' Total Current Liabilities is most likely to increase significantly in the upcoming years. The Bitfarms' current Total Stockholder Equity is estimated to increase to about 734.2 M, while Net Debt is forecasted to increase to (30.9 M).

Total Assets Other Current Liab Total Current Liabilities Total Stockholder Equity

Key indicators impacting Bitfarms' financial strength include:

Current Value

Last Year

Change From Last Year

10 Year Trend

Debt Equity Ratio

0.0421

0.0443

Notably Down

Very volatile

Current Ratio

5.57

5.3

Sufficiently Up

Slightly volatile

Investors should never underestimate Bitfarms' ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to research Bitfarms' cash flow, debt, and profitability to make informed and accurate decisions about investing in Bitfarms.

Net Income

(51.09 Million)

Build AI portfolio with Bitfarms Stock

Understanding current and past Bitfarms Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Bitfarms' financial statements are interrelated, with each one affecting the others. For example, an increase in Bitfarms' assets may result in an increase in income on the income statement.

Bitfarms Stock Summary

Bitfarms competes with Marex Group, Stifel Financial, Figure Technology, Siriuspoint, and First Financial. Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. The company was founded in 2017 and is headquartered in Toronto, Canada. Bitfarms operates under Capital Markets classification in the United States and is traded on NASDAQ Exchange. It employs 106 people.

Foreign Associate	Canada
Specialization	Financial Services, Financial Services
Instrument	USA Stock View All
Exchange	NASDAQ Exchange
ISIN	CA09173B1076
Business Address	110 Yonge Street,
Sector	Capital Markets
Industry	Financials
Benchmark	Dow Jones Industrial
Website	www.bitfarms.com
Phone	647 259 1790
Currency	USD - US Dollar

Bitfarms Key Financial Ratios

	Return On Equity	-0.12
	Profit Margin	(0.46) %
	Operating Margin	(0.29) %
	Price To Sales	5.00 X
	Revenue	192.88 M

More Fundamentals

Bitfarms Key Balance Sheet Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	542.6M	343.1M	378.7M	667.6M	767.8M	806.1M
Other Current Liab	63.6M	7.8M	52.1M	12.1M	13.9M	19.6M
Other Liab	193K	209K	8.7M	2.0M	2.3M	2.2M
Net Tangible Assets	27.4M	15.1M	403.9M	255.5M	293.9M	308.6M
Net Debt	(40.9M)	34.2M	(64.2M)	(36.1M)	(32.5M)	(30.9M)
Retained Earnings	(21.5M)	(197.2M)	(294.9M)	(334.5M)	(301.1M)	(286.0M)
Accounts Payable	14.5M	12.9M	9.1M	21.9M	25.2M	26.5M
Cash	125.6M	30.8M	84.0M	59.5M	68.5M	43.1M
Net Receivables	1.0M	16.8M	714K	9.0M	10.3M	10.8M
Inventory	548K	588K	705K	1.2M	1.4M	1.4M
Other Current Assets	93.9M	16.3M	44.5M	56.7M	65.2M	68.5M
Total Liab	183.6M	87.7M	84.0M	59.6M	68.6M	67.1M
Net Invested Capital	493.8M	302.7M	298.8M	609.6M	701.0M	736.1M
Total Current Assets	287.1M	69.1M	130.0M	213.7M	245.8M	258.1M
Net Working Capital	185.9M	1.8M	60.8M	177.4M	204.1M	214.3M
Intangible Assets	1.7M	33K	3.7M	4.0M	4.6M	4.9M
Common Stock	354.7M	404.9M	530.1M	852.3M	980.1M	1.0B
Other Assets	973K	90.6M	38.2M	1.3M	1.5M	1.4M
Long Term Debt	174K	910K	4.1M	1.4M	1.3M	1.2M
Short Long Term Debt	70.3M	43.1M	4.0M	146K	167.9K	159.5K
Capital Stock	378.9M	429.1M	530.1M	852.3M	980.1M	1.0B
Short Term Debt	74.6M	46.7M	6.9M	2.2M	2.6M	2.4M

Bitfarms Key Income Statement Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Interest Expense	3.4M	14.2M	11.9M	1.7M	2.0M	1.9M
Total Revenue	169.5M	142.4M	146.4M	192.9M	221.8M	232.9M
Gross Profit	111.1M	10.5M	(21.5M)	(32.4M)	(29.1M)	(27.7M)
Operating Income	63.6M	(284.0M)	(72.1M)	(107.6M)	(96.8M)	(92.0M)
Ebit	46.1M	(178.8M)	(102.2M)	(66.6M)	(60.0M)	(63.0M)
Ebitda	70.5M	(106.4M)	(15.9M)	74.4M	85.5M	89.8M
Cost Of Revenue	58.4M	131.9M	167.9M	225.2M	259.0M	272.0M
Income Before Tax	42.6M	(193.1M)	(104.4M)	(68.4M)	(61.5M)	(64.6M)
Net Income	22.1M	(175.6M)	(104.0M)	(54.1M)	(48.7M)	(51.1M)
Income Tax Expense	20.5M	(17.4M)	(401K)	(14.3M)	(12.9M)	(12.2M)
Tax Provision	20.5M	(17.4M)	(401K)	(14.3M)	(12.9M)	(12.2M)
Net Interest Income	(23.9M)	27.6M	(13.4M)	956K	1.1M	1.2M

Bitfarms Key Cash Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Change To Inventory	(34K)	(379K)	(1.0)	(475K)	(427.5K)	(406.1K)
Change In Cash	119.6M	(94.7M)	53.2M	(24.5M)	(22.0M)	(20.9M)
Net Borrowings	49.5M	(30.1M)	(34.2M)	(4.7M)	(4.2M)	(4.0M)
Free Cash Flow	(230.4M)	(158.7M)	(48.6M)	(480.4M)	(432.4M)	(410.8M)
Depreciation	24.5M	72.4M	86.3M	141.0M	162.1M	170.2M
Other Non Cash Items	(130.6M)	217.4M	34.7M	(216.4M)	(194.8M)	(185.0M)
Capital Expenditures	193.3M	195.0M	72.6M	339.9M	390.8M	410.4M
Net Income	22.1M	(239.1M)	(105.9M)	(54.1M)	(48.7M)	(51.1M)
End Period Cash Flow	125.6M	30.9M	84.0M	59.5M	68.5M	43.5M
Change To Netincome	(696K)	8.8M	(99.2M)	206.9M	237.9M	249.8M
Investments	(215.1M)	(155.0M)	(58.3M)	(178.4M)	(160.5M)	(152.5M)

Bitfarms Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Bitfarms's current stock value. Our valuation model uses many indicators to compare Bitfarms value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Bitfarms competition to find correlations between indicators driving Bitfarms's intrinsic value. More Info.

Bitfarms is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers . At this time, Bitfarms' Return On Equity is most likely to slightly decrease in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value Bitfarms by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Most indicators from Bitfarms' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bitfarms current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.At this time, Bitfarms' Enterprise Value Over EBITDA is most likely to increase slightly in the upcoming years. The Bitfarms' current Enterprise Value Multiple is estimated to increase to 14.16, while Tax Provision is forecasted to increase to (12.2 M).

	2023	2024	2025	2026 (projected)
Total Operating Expenses	50.6M	75.2M	86.5M	71.0M
Cost Of Revenue	167.9M	225.2M	259.0M	272.0M

Total Operating Expenses Cost Of Revenue

Bitfarms fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.57	0.63	0.99	0.56	0.92	0.96	-0.61	-0.87	0.98	0.78	0.99	0.96	0.69	0.96	0.81	0.91	0.92	0.9	0.71	1.0	0.96	0.95	0.04	0.98	0.94
Other Current Liab	0.57		0.9	0.48	0.83	0.79	0.36	-0.72	-0.41	0.42	0.93	0.47	0.71	0.05	0.41	0.49	0.32	0.8	0.36	0.88	0.55	0.72	0.59	-0.15	0.46	0.56
Total Current Liabilities	0.63	0.9		0.52	0.93	0.86	0.43	-0.47	-0.38	0.51	0.91	0.53	0.75	0.29	0.43	0.59	0.33	0.82	0.36	0.99	0.62	0.77	0.62	-0.34	0.48	0.59
Total Stockholder Equity	0.99	0.48	0.52		0.46	0.86	0.98	-0.6	-0.89	0.99	0.71	0.99	0.93	0.7	0.99	0.77	0.95	0.87	0.93	0.61	0.99	0.93	0.94	0.12	0.99	0.93
Other Liab	0.56	0.83	0.93	0.46		0.78	0.32	-0.51	-0.2	0.47	0.86	0.44	0.73	0.13	0.32	0.45	0.31	0.81	0.23	0.9	0.56	0.74	0.64	-0.13	0.38	0.42
Net Tangible Assets	0.92	0.79	0.86	0.86	0.78		0.81	-0.6	-0.76	0.85	0.92	0.88	0.93	0.61	0.81	0.8	0.73	0.95	0.75	0.91	0.91	0.95	0.86	-0.13	0.85	0.9
Property Plant And Equipment Net	0.96	0.36	0.43	0.98	0.32	0.81		-0.48	-0.93	0.97	0.6	0.99	0.85	0.8	0.99	0.79	0.94	0.78	0.95	0.53	0.96	0.85	0.86	0.06	0.99	0.95
Net Debt	-0.61	-0.72	-0.47	-0.6	-0.51	-0.6	-0.48		0.55	-0.54	-0.74	-0.54	-0.7	0.07	-0.56	-0.3	-0.61	-0.73	-0.56	-0.46	-0.6	-0.69	-0.7	-0.46	-0.59	-0.52
Retained Earnings	-0.87	-0.41	-0.38	-0.89	-0.2	-0.76	-0.93	0.55		-0.85	-0.6	-0.92	-0.73	-0.72	-0.94	-0.76	-0.85	-0.68	-0.94	-0.48	-0.86	-0.74	-0.72	-0.04	-0.94	-0.95
Accounts Payable	0.98	0.42	0.51	0.99	0.47	0.85	0.97	-0.54	-0.85		0.67	0.98	0.91	0.73	0.96	0.74	0.96	0.85	0.92	0.59	0.98	0.91	0.93	0.16	0.97	0.9
Cash	0.78	0.93	0.91	0.71	0.86	0.92	0.6	-0.74	-0.6	0.67		0.7	0.88	0.29	0.63	0.7	0.55	0.93	0.56	0.93	0.77	0.89	0.79	-0.1	0.68	0.73
Non Current Assets Total	0.99	0.47	0.53	0.99	0.44	0.88	0.99	-0.54	-0.92	0.98	0.7		0.91	0.76	0.99	0.81	0.93	0.85	0.94	0.63	0.99	0.91	0.91	0.05	0.99	0.96
Cash And Short Term Investments	0.96	0.71	0.75	0.93	0.73	0.93	0.85	-0.7	-0.73	0.91	0.88	0.91		0.5	0.87	0.75	0.82	0.99	0.78	0.8	0.96	1.0	0.98	0.05	0.89	0.84
Net Receivables	0.69	0.05	0.29	0.7	0.13	0.61	0.8	0.07	-0.72	0.73	0.29	0.76	0.5		0.72	0.72	0.64	0.43	0.7	0.4	0.69	0.52	0.49	-0.26	0.73	0.79
Common Stock Shares Outstanding	0.96	0.41	0.43	0.99	0.32	0.81	0.99	-0.56	-0.94	0.96	0.63	0.99	0.87	0.72		0.76	0.95	0.8	0.96	0.52	0.96	0.86	0.89	0.12	1.0	0.94
Non Current Liabilities Total	0.81	0.49	0.59	0.77	0.45	0.8	0.79	-0.3	-0.76	0.74	0.7	0.81	0.75	0.72	0.76		0.59	0.72	0.62	0.72	0.8	0.76	0.7	-0.37	0.78	0.83
Inventory	0.91	0.32	0.33	0.95	0.31	0.73	0.94	-0.61	-0.85	0.96	0.55	0.93	0.82	0.64	0.95	0.59		0.75	0.95	0.4	0.91	0.82	0.87	0.4	0.94	0.85
Other Current Assets	0.92	0.8	0.82	0.87	0.81	0.95	0.78	-0.73	-0.68	0.85	0.93	0.85	0.99	0.43	0.8	0.72	0.75		0.71	0.86	0.92	0.99	0.95	0.02	0.83	0.8
Other Stockholder Equity	0.9	0.36	0.36	0.93	0.23	0.75	0.95	-0.56	-0.94	0.92	0.56	0.94	0.78	0.7	0.96	0.62	0.95	0.71		0.44	0.89	0.77	0.79	0.22	0.96	0.92
Total Liab	0.71	0.88	0.99	0.61	0.9	0.91	0.53	-0.46	-0.48	0.59	0.93	0.63	0.8	0.4	0.52	0.72	0.4	0.86	0.44		0.7	0.82	0.68	-0.37	0.58	0.68
Net Invested Capital	1.0	0.55	0.62	0.99	0.56	0.91	0.96	-0.6	-0.86	0.98	0.77	0.99	0.96	0.69	0.96	0.8	0.91	0.92	0.89	0.7		0.96	0.96	0.05	0.97	0.93
Total Current Assets	0.96	0.72	0.77	0.93	0.74	0.95	0.85	-0.69	-0.74	0.91	0.89	0.91	1.0	0.52	0.86	0.76	0.82	0.99	0.77	0.82	0.96		0.98	0.03	0.89	0.85
Net Working Capital	0.95	0.59	0.62	0.94	0.64	0.86	0.86	-0.7	-0.72	0.93	0.79	0.91	0.98	0.49	0.89	0.7	0.87	0.95	0.79	0.68	0.96	0.98		0.16	0.9	0.8
Intangible Assets	0.04	-0.15	-0.34	0.12	-0.13	-0.13	0.06	-0.46	-0.04	0.16	-0.1	0.05	0.05	-0.26	0.12	-0.37	0.4	0.02	0.22	-0.37	0.05	0.03	0.16		0.09	-0.07
Common Stock	0.98	0.46	0.48	0.99	0.38	0.85	0.99	-0.59	-0.94	0.97	0.68	0.99	0.89	0.73	1.0	0.78	0.94	0.83	0.96	0.58	0.97	0.89	0.9	0.09		0.96
Property Plant Equipment	0.94	0.56	0.59	0.93	0.42	0.9	0.95	-0.52	-0.95	0.9	0.73	0.96	0.84	0.79	0.94	0.83	0.85	0.8	0.92	0.68	0.93	0.85	0.8	-0.07	0.96

Click cells to compare fundamentals

Bitfarms Account Relationship Matchups

Bitfarms fundamental ratios Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	542.6M	343.1M	378.7M	667.6M	767.8M	806.1M
Other Current Liab	63.6M	7.8M	52.1M	12.1M	13.9M	19.6M
Other Liab	193K	209K	8.7M	2.0M	2.3M	2.2M
Net Tangible Assets	27.4M	15.1M	403.9M	255.5M	293.9M	308.6M
Net Debt	(40.9M)	34.2M	(64.2M)	(36.1M)	(32.5M)	(30.9M)
Retained Earnings	(21.5M)	(197.2M)	(294.9M)	(334.5M)	(301.1M)	(286.0M)
Accounts Payable	14.5M	12.9M	9.1M	21.9M	25.2M	26.5M
Cash	125.6M	30.8M	84.0M	59.5M	68.5M	43.1M
Net Receivables	1.0M	16.8M	714K	9.0M	10.3M	10.8M
Inventory	548K	588K	705K	1.2M	1.4M	1.4M
Other Current Assets	93.9M	16.3M	44.5M	56.7M	65.2M	68.5M
Total Liab	183.6M	87.7M	84.0M	59.6M	68.6M	67.1M
Net Invested Capital	493.8M	302.7M	298.8M	609.6M	701.0M	736.1M
Total Current Assets	287.1M	69.1M	130.0M	213.7M	245.8M	258.1M
Net Working Capital	185.9M	1.8M	60.8M	177.4M	204.1M	214.3M
Intangible Assets	1.7M	33K	3.7M	4.0M	4.6M	4.9M
Common Stock	354.7M	404.9M	530.1M	852.3M	980.1M	1.0B
Other Assets	973K	90.6M	38.2M	1.3M	1.5M	1.4M
Long Term Debt	174K	910K	4.1M	1.4M	1.3M	1.2M
Short Long Term Debt	70.3M	43.1M	4.0M	146K	167.9K	159.5K
Capital Stock	378.9M	429.1M	530.1M	852.3M	980.1M	1.0B
Short Term Debt	74.6M	46.7M	6.9M	2.2M	2.6M	2.4M

Today, most investors in Bitfarms Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Bitfarms' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Bitfarms growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.16

At this time, Bitfarms' Price Earnings To Growth Ratio is most likely to increase slightly in the upcoming years.

Bitfarms February 27, 2026 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Bitfarms help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Bitfarms. We use our internally-developed statistical techniques to arrive at the intrinsic value of Bitfarms based on widely used predictive technical indicators. In general, we focus on analyzing Bitfarms Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Bitfarms's daily price indicators and compare them against related drivers.

	Downside Deviation	5.35
	Information Ratio	(0.01)
	Maximum Drawdown	30.58
	Value At Risk	(7.66)
	Potential Upside	11.91

Complementary Tools for Bitfarms Stock analysis

When running Bitfarms' price analysis, check to measure Bitfarms' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bitfarms is operating at the current time. Most of Bitfarms' value examination focuses on studying past and present price action to predict the probability of Bitfarms' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitfarms' price. Additionally, you may evaluate how the addition of Bitfarms to your portfolios can decrease your overall portfolio volatility.

	Transaction History View history of all your transactions and understand their impact on performance
	Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios
	Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges
	Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
	Share Portfolio Track or share privately all of your investments from the convenience of any device
	Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
	Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years
	Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
	Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC

Bitfarms Financials

Bitfarms Balance Sheet Chart

Net Income

(51.09 Million)

Bitfarms Stock Summary

Bitfarms Key Financial Ratios

Bitfarms Key Balance Sheet Accounts

Bitfarms Key Income Statement Accounts

Bitfarms Key Cash Accounts

Bitfarms Financial Ratios Relationships

Bitfarms fundamental ratios Correlations

Bitfarms Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bitfarms fundamental ratios Accounts

Price Earnings To Growth Ratio

0.16

Bitfarms February 27, 2026 Opportunity Range

Complementary Tools for Bitfarms Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Invested Capital	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Cash And Short Term Investments
Common Stock	+ 1.0	Common Stock Shares Outstanding
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities

Property Plant Equipment	- 0.95	Retained Earnings
Common Stock	- 0.94	Retained Earnings
Other Stockholder Equity	- 0.94	Retained Earnings
Common Stock Shares Outstanding	- 0.94	Retained Earnings
Retained Earnings	- 0.93	Property Plant And Equipment Net
Non Current Assets Total	- 0.92	Retained Earnings