Bitfarms Stock Today
| BITF Stock | USD 2.11 0.06 2.93% |
Performance0 of 100
| Odds Of DistressLess than 32
|
Bitfarms is trading at 2.11 as of the 25th of November 2024. This is a 2.93 percent increase since the beginning of the trading day. The stock's lowest day price was 1.96. Bitfarms has about a 32 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Bitfarms are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of February 2024 and ending today, the 25th of November 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 28th of August 2018 | Classification Financials |
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. The company has 472.5 M outstanding shares of which 41.83 M shares are currently shorted by private and institutional investors with about 1.74 trading days to cover. More on Bitfarms
Follow Valuation Profit Patterns Odds of Bankruptcy
Check how we calculate scores
Bitfarms Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO President | Geoffrey Morphy | |||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Banks (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||
| Old Name | Bitfarms Ltd | |||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Asset Management & Custody Banks, Financial Services, NASDAQ Composite, Banks, Financials, Capital Markets, Capital Markets, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
| ||||||||||||||||||||||||||||||||||||||||||||||
Debt LevelsBitfarms can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Bitfarms' financial leverage. It provides some insight into what part of Bitfarms' total assets is financed by creditors.
| ||||||||||||||||||||||||||||||||||||||||||||||
Bitfarms (BITF) is traded on NASDAQ Exchange in USA. It is located in 110 Yonge Street, Toronto, ON, Canada, M5C 1C4 and employs 170 people. Bitfarms is listed under Asset Management & Custody Banks category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1 B. Bitfarms conducts business under Capital Markets sector and is part of Financials industry. The entity has 472.5 M outstanding shares of which 41.83 M shares are currently shorted by private and institutional investors with about 1.74 trading days to cover.
Bitfarms currently holds about 45.98 M in cash with 24.03 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.22.
Check Bitfarms Probability Of Bankruptcy
Ownership AllocationBitfarms holds a total of 472.5 Million outstanding shares. Bitfarms retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Bitfarms Ownership Details
Bitfarms Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2024-09-30 | 1.9 M | |
| Mmcap International Inc. Spc | 2024-09-30 | 1.9 M | |
| Arrowstreet Capital Limited Partnership | 2024-06-30 | 1.8 M | |
| Weiss Asset Management Lp | 2024-09-30 | 1.6 M | |
| Marshall Wace Asset Management Ltd | 2024-06-30 | 1.6 M | |
| Blackrock Inc | 2024-06-30 | 1.3 M | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 1.1 M | |
| Cetera Investment Advisers | 2024-06-30 | 999.8 K | |
| Jane Street Group Llc | 2024-06-30 | 917.3 K | |
| Amvescap Plc. | 2024-06-30 | 19.7 M | |
| Morgan Stanley - Brokerage Accounts | 2024-06-30 | 8.8 M |
Bitfarms Historical Income Statement
Bitfarms Stock Against Markets
Bitfarms Corporate Management
| Patricia Osorio | VP Secretary | Profile | |
| Rachel Silverstein | U Counsel | Profile | |
| Stephanie Wargo | Vice Communications | Profile | |
| Philippe Fortier | Senior Development | Profile | |
| Nicolas Bonta | Founder Chairman | Profile | |
| Tracy Krumme | Senior Relations | Profile | |
| Liam Wilson | Chief Officer | Profile |
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 estimate. For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bitfarms. If investors know Bitfarms will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bitfarms listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.38) | Revenue Per Share 0.493 | Quarterly Revenue Growth 0.296 | Return On Assets (0.13) | Return On Equity (0.31) |
The market value of Bitfarms is measured differently than its book value, which is the value of Bitfarms that is recorded on the company's balance sheet. Investors also form their own opinion of Bitfarms' value that differs from its market value or its book value, called intrinsic value, which is Bitfarms' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bitfarms' market value can be influenced by many factors that don't directly affect Bitfarms' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.