Nicolas Bonta - Bitfarms Founder Chairman
| BITF Stock | 2.96 0.09 3.14% |
Insider
Nicolas Bonta is Founder Chairman of Bitfarms
| Age | 49 |
| Address | 110 Yonge Street, Toronto, ON, Canada, M5C 1C4 |
| Phone | 647 259 1790 |
| Web | https://www.bitfarms.com |
Bitfarms Management Efficiency
The company has return on total asset (ROA) of (0.13) % which means that it has lost $0.13 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.3107) %, meaning that it generated substantial loss on money invested by shareholders. Bitfarms' management efficiency ratios could be used to measure how well Bitfarms manages its routine affairs as well as how well it operates its assets and liabilities. As of the 23rd of November 2024, Return On Tangible Assets is likely to drop to -0.29. In addition to that, Return On Capital Employed is likely to drop to -0.25. At this time, Bitfarms' Other Current Assets are very stable compared to the past year. As of the 23rd of November 2024, Intangible Assets is likely to grow to about 3.9 M, while Total Assets are likely to drop about 224.7 M.Similar Executives
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Management Performance
| Return On Equity | -0.31 | ||||
| Return On Asset | -0.13 |
Bitfarms Leadership Team
Elected by the shareholders, the Bitfarms' board of directors comprises two types of representatives: Bitfarms inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bitfarms. The board's role is to monitor Bitfarms' management team and ensure that shareholders' interests are well served. Bitfarms' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bitfarms' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rachel Silverstein, U Counsel | ||
| Stephanie Wargo, Vice Communications | ||
| Philippe Fortier, Senior Development | ||
| Nicolas Bonta, Founder Chairman | ||
| Tracy Krumme, Senior Relations | ||
| Liam Wilson, Chief Officer | ||
| Patricia Osorio, VP Secretary | ||
| Andrea Souza, VicePresident Resources | ||
| Alex Brammer, Senior Operations | ||
| Jeffrey Lucas, Chief Officer | ||
| MarcAndre Ammann, Senior Accounting | ||
| Geoffrey Morphy, CEO President | ||
| Benoit Gobeil, Senior Infrastructure | ||
| Emiliano Grodzki, Founder Director | ||
| Benjamin Gagnon, Chief Officer | ||
| Jeffrey CPA, Chief Officer | ||
| Philippe CPA, Executive Development | ||
| Paul Magrath, Vice Sustainability | ||
| Guillaume Reeves, Vice Technology | ||
| Sonia Tercas, Director Relations |
Bitfarms Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Bitfarms a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.31 | ||||
| Return On Asset | -0.13 | ||||
| Profit Margin | (0.68) % | ||||
| Operating Margin | (0.88) % | ||||
| Current Valuation | 1.23 B | ||||
| Shares Outstanding | 472.5 M | ||||
| Shares Owned By Insiders | 23.37 % | ||||
| Shares Owned By Institutions | 18.80 % | ||||
| Number Of Shares Shorted | 9.84 M | ||||
| Price To Book | 1.95 X |
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.Moving against Bitfarms Stock
The ability to find closely correlated positions to Bitfarms could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitfarms when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bitfarms - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bitfarms to buy it.
The correlation of Bitfarms is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bitfarms moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitfarms moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bitfarms can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 board of governors. To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.