Bitfarms Historical Balance Sheet

BITF Stock

2.96 0.09 3.14%

Trend analysis of Bitfarms balance sheet accounts such as Other Current Liab of 42.4 M, Total Current Liabilities of 44.1 M or Total Stockholder Equity of 166.5 M provides information on Bitfarms' total assets, liabilities, and equity, which is the actual value of Bitfarms to its prevalent stockholders. By breaking down trends over time using Bitfarms balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Bitfarms latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Bitfarms is a good buy for the upcoming year.

Bitfarms Inventory

424,285

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.

About Bitfarms Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Bitfarms at a specified time, usually calculated after every quarter, six months, or one year. Bitfarms Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bitfarms and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Bitfarms currently owns. An asset can also be divided into two categories, current and non-current.

Bitfarms Balance Sheet Chart

At this time, Bitfarms' Property Plant Equipment is very stable compared to the past year. As of the 23rd of November 2024, Other Liabilities is likely to grow to about 2.5 M, while Total Assets are likely to drop about 224.7 M.

Total Assets Other Current Liab Total Current Liabilities Total Stockholder Equity Accounts Payable Total Current Assets

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Total Assets

Total assets refers to the total amount of Bitfarms assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Bitfarms books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Bitfarms balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Bitfarms are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Accounts Payable

An accounting item on the balance sheet that represents Bitfarms obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Bitfarms are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most accounts from Bitfarms' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Bitfarms current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 board of governors.

To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.At this time, Bitfarms' Property Plant Equipment is very stable compared to the past year. As of the 23rd of November 2024, Other Liabilities is likely to grow to about 2.5 M, while Total Assets are likely to drop about 224.7 M.

	2021	2022	2023	2024 (projected)
Other Current Liabilities	16.7M	7.6M	40.4M	42.4M
Total Assets	542.6M	343.1M	378.7M	224.7M

Other Current Liab Total Assets

Bitfarms balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Other Liab	Net Tangible Assets
Total Assets		0.66	0.99	1.0	0.95	-0.49	-0.59	0.86	0.92	0.96	0.91	0.53	0.89	0.76	0.81	0.6	0.83	0.72	0.98	0.94	-0.37	0.86	0.79	0.86	0.9	1.0
Other Current Liab	0.66		0.66	0.66	0.67	-0.83	-0.85	0.52	0.82	0.67	0.79	0.11	0.77	0.51	0.55	0.48	0.36	0.5	0.65	0.58	-0.02	0.9	0.89	0.31	0.48	0.67
Total Current Liabilities	0.99	0.66		0.98	0.94	-0.45	-0.6	0.83	0.9	0.95	0.89	0.54	0.88	0.75	0.76	0.55	0.81	0.75	0.99	0.92	-0.43	0.86	0.79	0.89	0.88	0.98
Total Stockholder Equity	1.0	0.66	0.98		0.94	-0.52	-0.58	0.87	0.92	0.96	0.91	0.51	0.88	0.73	0.83	0.64	0.83	0.68	0.97	0.95	-0.32	0.85	0.78	0.84	0.9	1.0
Property Plant And Equipment Net	0.95	0.67	0.94	0.94		-0.37	-0.76	0.92	0.8	1.0	0.78	0.71	0.96	0.81	0.82	0.62	0.62	0.77	0.95	0.79	-0.44	0.91	0.88	0.82	0.72	0.95
Net Debt	-0.49	-0.83	-0.45	-0.52	-0.37		0.46	-0.3	-0.76	-0.39	-0.75	0.33	-0.46	-0.13	-0.52	-0.51	-0.42	-0.11	-0.4	-0.57	-0.38	-0.61	-0.55	-0.05	-0.5	-0.5
Retained Earnings	-0.59	-0.85	-0.6	-0.58	-0.76	0.46		-0.66	-0.58	-0.74	-0.52	-0.51	-0.84	-0.58	-0.58	-0.49	-0.1	-0.55	-0.62	-0.34	0.21	-0.9	-0.95	-0.34	-0.25	-0.6
Accounts Payable	0.86	0.52	0.83	0.87	0.92	-0.3	-0.66		0.68	0.92	0.66	0.74	0.84	0.6	0.9	0.79	0.58	0.5	0.82	0.7	-0.2	0.8	0.78	0.72	0.65	0.87
Cash	0.92	0.82	0.9	0.92	0.8	-0.76	-0.58	0.68		0.82	1.0	0.22	0.77	0.64	0.69	0.53	0.83	0.58	0.88	0.93	-0.17	0.87	0.79	0.69	0.9	0.91
Non Current Assets Total	0.96	0.67	0.95	0.96	1.0	-0.39	-0.74	0.92	0.82		0.8	0.69	0.96	0.8	0.82	0.63	0.66	0.76	0.96	0.82	-0.43	0.91	0.88	0.83	0.75	0.97
Cash And Short Term Investments	0.91	0.79	0.89	0.91	0.78	-0.75	-0.52	0.66	1.0	0.8		0.19	0.74	0.63	0.67	0.51	0.85	0.57	0.87	0.95	-0.17	0.83	0.75	0.7	0.92	0.91
Net Receivables	0.53	0.11	0.54	0.51	0.71	0.33	-0.51	0.74	0.22	0.69	0.19		0.59	0.67	0.45	0.28	0.23	0.54	0.59	0.27	-0.62	0.51	0.54	0.69	0.28	0.53
Common Stock Shares Outstanding	0.89	0.77	0.88	0.88	0.96	-0.46	-0.84	0.84	0.77	0.96	0.74	0.59		0.75	0.8	0.63	0.48	0.79	0.89	0.71	-0.36	0.92	0.91	0.67	0.6	0.89
Non Current Liabilities Total	0.76	0.51	0.75	0.73	0.81	-0.13	-0.58	0.6	0.64	0.8	0.63	0.67	0.75		0.37	0.17	0.52	0.9	0.84	0.63	-0.69	0.74	0.72	0.81	0.6	0.75
Capital Surpluse	0.81	0.55	0.76	0.83	0.82	-0.52	-0.58	0.9	0.69	0.82	0.67	0.45	0.8	0.37		0.89	0.55	0.34	0.7	0.7	0.04	0.72	0.68	0.51	0.62	0.83
Inventory	0.6	0.48	0.55	0.64	0.62	-0.51	-0.49	0.79	0.53	0.63	0.51	0.28	0.63	0.17	0.89		0.36	0.18	0.5	0.51	0.39	0.57	0.55	0.29	0.43	0.62
Other Current Assets	0.83	0.36	0.81	0.83	0.62	-0.42	-0.1	0.58	0.83	0.66	0.85	0.23	0.48	0.52	0.55	0.36		0.43	0.78	0.95	-0.26	0.53	0.4	0.81	0.99	0.81
Other Stockholder Equity	0.72	0.5	0.75	0.68	0.77	-0.11	-0.55	0.5	0.58	0.76	0.57	0.54	0.79	0.9	0.34	0.18	0.43		0.82	0.59	-0.68	0.66	0.65	0.75	0.51	0.71
Total Liab	0.98	0.65	0.99	0.97	0.95	-0.4	-0.62	0.82	0.88	0.96	0.87	0.59	0.89	0.84	0.7	0.5	0.78	0.82		0.9	-0.51	0.87	0.81	0.91	0.86	0.97
Total Current Assets	0.94	0.58	0.92	0.95	0.79	-0.57	-0.34	0.7	0.93	0.82	0.95	0.27	0.71	0.63	0.7	0.51	0.95	0.59	0.9		-0.26	0.71	0.61	0.81	0.98	0.94
Intangible Assets	-0.37	-0.02	-0.43	-0.32	-0.44	-0.38	0.21	-0.2	-0.17	-0.43	-0.17	-0.62	-0.36	-0.69	0.04	0.39	-0.26	-0.68	-0.51	-0.26		-0.28	-0.28	-0.66	-0.28	-0.36
Common Stock	0.86	0.9	0.86	0.85	0.91	-0.61	-0.9	0.8	0.87	0.91	0.83	0.51	0.92	0.74	0.72	0.57	0.53	0.66	0.87	0.71	-0.28		0.99	0.63	0.65	0.86
Property Plant Equipment	0.79	0.89	0.79	0.78	0.88	-0.55	-0.95	0.78	0.79	0.88	0.75	0.54	0.91	0.72	0.68	0.55	0.4	0.65	0.81	0.61	-0.28	0.99		0.57	0.53	0.8
Short Long Term Debt Total	0.86	0.31	0.89	0.84	0.82	-0.05	-0.34	0.72	0.69	0.83	0.7	0.69	0.67	0.81	0.51	0.29	0.81	0.75	0.91	0.81	-0.66	0.63	0.57		0.83	0.85
Other Liab	0.9	0.48	0.88	0.9	0.72	-0.5	-0.25	0.65	0.9	0.75	0.92	0.28	0.6	0.6	0.62	0.43	0.99	0.51	0.86	0.98	-0.28	0.65	0.53	0.83		0.89
Net Tangible Assets	1.0	0.67	0.98	1.0	0.95	-0.5	-0.6	0.87	0.91	0.97	0.91	0.53	0.89	0.75	0.83	0.62	0.81	0.71	0.97	0.94	-0.36	0.86	0.8	0.85	0.89

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Bitfarms Account Relationship Matchups

Bitfarms balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	52.9M	51.7M	542.6M	343.1M	378.7M	224.7M
Other Current Liab	102K	4.7M	16.7M	7.6M	40.4M	42.4M
Total Current Liabilities	4.0M	28.5M	101.2M	67.2M	69.2M	44.1M
Total Stockholder Equity	28.1M	15.4M	422.6M	255.6M	294.8M	166.5M
Property Plant And Equipment Net	44.1M	41.2M	229.3M	268.0M	240.1M	135.9M
Net Debt	20.0M	22.4M	(40.5M)	34.2M	(64.2M)	(61.0M)
Retained Earnings	(5.9M)	(22.1M)	(15K)	(239.1M)	(294.9M)	(280.2M)
Accounts Payable	2.3M	2.1M	9.9M	12.9M	9.1M	6.8M
Cash	2.2M	5.9M	125.3M	30.8M	84.0M	88.2M
Non Current Assets Total	46.3M	42.5M	255.5M	274.0M	248.7M	144.0M
Other Assets	1.6M	973K	90.6M	38.2M	43.9M	24.3M
Long Term Debt	14.8M	174K	910K	4.1M	4.7M	3.8M
Cash And Short Term Investments	2.2M	5.9M	191.3M	35.4M	115.9M	121.7M
Net Receivables	3.7M	1.4M	3.7M	16.8M	2.2M	2.1M
Common Stock Shares Outstanding	71.1M	84.9M	169.4M	207.8M	262.2M	142.9M
Long Term Debt Total	693K	20.6M	7.6M	10.1M	11.7M	8.6M
Liabilities And Stockholders Equity	52.9M	51.7M	542.6M	343.1M	378.7M	224.7M
Non Current Liabilities Total	20.8M	7.8M	18.8M	20.3M	14.8M	13.2M
Inventory	135K	169K	548K	588K	705K	424.3K
Other Current Assets	565K	1.7M	91.6M	16.3M	11.2M	19.7M
Total Liab	24.8M	36.3M	120.0M	87.5M	84.0M	57.3M
Total Current Assets	6.6M	9.2M	287.1M	69.1M	130.0M	80.7M
Short Term Debt	1.6M	20.8M	74.6M	46.7M	6.9M	6.5M
Intangible Assets	675K	377K	1.7M	33K	3.7M	3.9M
Common Stock	33.9M	32.0M	378.9M	429.1M	530.1M	556.6M
Property Plant Equipment	44.0M	41.2M	146.2M	235.8M	271.2M	284.7M
Short Long Term Debt Total	22.2M	28.4M	84.7M	65.0M	19.9M	18.9M
Other Liab	193K	209K	8.7M	2.0M	2.3M	2.5M
Net Tangible Assets	27.4M	15.1M	403.9M	255.5M	293.9M	157.6M
Non Currrent Assets Other	1.5M	942K	3.6M	6.0M	4.9M	3.3M
Net Invested Capital	43.8M	32.8M	493.8M	302.7M	298.8M	218.0M
Short Long Term Debt	874K	17.2M	70.3M	43.1M	4.0M	3.8M
Capital Stock	33.9M	32.0M	378.9M	429.1M	530.1M	556.6M
Net Working Capital	2.5M	(19.3M)	185.9M	1.8M	60.8M	42.3M

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

0.46

PFE

Pfizer Inc CDR

Pair Corr

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.

Pair Correlation Correlation Matching

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

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Is Bitfarms Stock a good investment?

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What is Bitfarms' Net Worth?

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Largest Asset Management & Custody Banks Companies

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To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.

You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

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.

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

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Bitfarms Historical Balance Sheet

Bitfarms Inventory

424,285

About Bitfarms Balance Sheet Analysis

Bitfarms Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Accounts Payable

Total Current Assets

Bitfarms balance sheet Correlations

Bitfarms Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bitfarms balance sheet Accounts

Pair Trading with Bitfarms

Moving against Bitfarms Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets

Property Plant Equipment	- 0.95	Retained Earnings
Common Stock	- 0.9	Retained Earnings
Retained Earnings	- 0.85	Other Current Liab
Common Stock Shares Outstanding	- 0.84	Retained Earnings
Net Debt	- 0.83	Other Current Liab
Cash	- 0.76	Net Debt