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Bitfarms Ltd (NASDAQ:BITF)
1.02 USD
+0.010 0.990%Sponsored Reports
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| Previous Close (in USD) | 1.01 |
|---|---|
| Change | +0.010 0.990% |
| 52 W H/L (in USD) | 3.910/1.470 |
| EBITDA (in USD) | 40.418M |
| PE Ratio | -- |
| Volume | 28048379 |
| Diluted Eps TTM | -0.38 |
| Total Assets (in USD) | 378.725M |
|---|---|
| Total Liabilities (in USD) | 83.963M |
| Revenue TTM (in USD) | 182.959M |
| Cash (in USD) | 84.038M |
| Market Cap (in USD) | 812.819 M |
| Revenue Per Share TTM | 0.493 |
| Gross Profit TTM (in USD) | -31.989M |
Summary
Income Statement
Balance Sheet
Change in Cash
Operating Cash
Bitfarms Ltd
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was formerly known as Bitfarms Technologies Ltd and changed its name to Bitfarms Ltd. in October 2018. The company was founded in 2017 and is based in Toronto, Canada.
Employees: 170
Key Executives
| Sr. No. | Name | Title | Year Born |
|---|---|---|---|
| 1. | Mr. Nicolas Bonta | Founder & Exec. Chairman | 1975 |
| 2. | Mr. Emiliano Joel Grodzki | Founder, CEO & Director | 1976 |
| 3. | Mr. L. Geoffrey Morphy | Pres & COO | NA |
| 4. | Mr. Jeffrey P. Lucas | Chief Financial Officer | 1960 |
| 5. | Mr. Benjamin Gagnon | Chief Mining Officer | NA |
| 6. | Mr. Marc-Andre Ammann | VP Fin. & Accounting | NA |
| 7. | Ms. Sonia Tercas | Director of Investor Relations | NA |
| 8. | Ms. Stephanie Wargo | VP of Marketing & Communications | NA |
| 9. | Mr. Philippe Fortier | VP of Corp. Devel. | NA |
| 10. | Ms. Andrea Keen Souza | Vice-Pres of HR | NA |
Peers
Sector: Financial Services
Industry: Capital Markets
| Company | Change (USD) | Price (USD) | Trailing PE(x) | Forward PE(x) | Price Sales TTM(x) | Price to Book Value(x) | Enterprise Value to Revenue(x) | Enterprise Value to EBITDA(x) |
|
MS
Morgan Stanley |
+1.280 0.896% | 143.36 | 16.500 | 13.755 | 2.802 | 1.654 | 0.000 | 0.000 |
|
CGXYY
China Galaxy Securities Co Ltd ADR |
0.000 0.000% | 26.5 | 144.440 | 86.207 | 4.246 | 7.959 | 0.000 | 0.000 |
|
SCHW
Charles Schwab Corp |
+0.140 0.153% | 91.5 | 22.860 | 17.391 | 6.141 | 4.278 | 0.000 | 0.000 |
|
GS
Goldman Sachs Group Inc |
+7.790 1.088% | 715.91 | 18.440 | 10.605 | 2.828 | 1.157 | 0.000 | 0.000 |
Income Statement
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Income Before Tax | -256.462M | 42.637M | -16.117M | -0.484M | -18.177M |
| Minority Interest | - | - | 0M | 0.792M | 5.209M |
| Net Income | -239.05M | 22.13M | -16.289M | 2.107M | -9.363M |
| Selling General Administrative | 51.506M | 43.238M | 3.348M | 4.182M | 8.543M |
| Gross Profit | -140.292M | 110.831M | -1.903M | 5.437M | 10.877M |
| Reconciled Depreciation | 72.42M | 24.476M | 11.486M | 6.843M | 12.548M |
| Ebit | -284.022M | 37.348M | -9.306M | 2.564M | 2.062M |
| Ebitda | -95.242M | 61.824M | 2.18M | 9.407M | 14.61M |
| Depreciation And Amortization | 188.78M | 24.476M | 11.486M | 6.843M | 12.548M |
| Operating Income | -284.022M | 37.348M | -9.306M | 2.564M | -17.998M |
| Other Operating Expenses | 181.25M | 106.47M | 40.08M | 31.276M | 31.743M |
| Interest Expense | 14.221M | 3.42M | 6.104M | 3.268M | 0.179M |
| Tax Provision | -17.412M | 20.507M | 0.172M | -2.591M | 0.059M |
| Interest Income | - | - | - | - | - |
| Net Interest Income | 27.56M | -23.864M | -10.121M | -1.849M | -0.179M |
| Income Tax Expense | -17.412M | 20.507M | 0.172M | -2.591M | 0.059M |
| Total Revenue | -8.382M | 169.202M | 34.791M | 32.421M | 33.805M |
| Total Operating Expenses | 49.34M | 48.099M | 3.386M | 4.292M | 8.815M |
| Cost Of Revenue | 131.91M | 58.371M | 36.694M | 26.984M | 22.928M |
| Total Other Income Expense Net | 27.56M | 5.289M | -6.811M | -3.048M | -20.06M |
| Net Income From Continuing Ops | -239.05M | 22.13M | -16.289M | 2.107M | -18.236M |
| Net Income Applicable To Common Shares | -239.05M | 22.13M | -16.289M | 2.899M | -9.363M |
Balance Sheet
(Currency in USD)| Breakdown | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 |
|---|---|---|---|---|---|
| Total Assets | 378.725M | 376.787M | 343.098M | 542.587M | 51.704M |
| Intangible Assets | 3.7M | 3.7M | 0.033M | 1.681M | 0.377M |
| Other Current Assets | 44.527M | 9.016M | 16.289M | 91.56M | 1.652M |
| Total Liab | 83.963M | 83.533M | 87.531M | 120.005M | 36.257M |
| Total Stockholder Equity | 294.762M | 293.254M | 255.567M | 422.582M | 15.447M |
| Other Current Liab | 52.094M | 51.822M | 7.644M | 16.7M | 4.668M |
| Common Stock | 530.123M | 527.411M | 429.12M | 378.893M | 32.004M |
| Capital Stock | - | 530.123M | 429.12M | 378.893M | 32.004M |
| Retained Earnings | -294.924M | -293.415M | -239.065M | -0.015M | -22.145M |
| Good Will | - | 0M | 0M | 16.955M | - |
| Other Assets | - | 0M | 38.185M | 90.577M | 0.973M |
| Cash | 84.038M | 83.608M | 30.809M | 125.273M | 5.947M |
| Cash And Equivalents | - | - | - | - | - |
| Total Current Liabilities | 69.154M | 68.8M | 67.244M | 101.178M | 28.477M |
| Current Deferred Revenue | - | 1.104M | - | - | 0.953M |
| Net Debt | -64.166M | -63.838M | 34.202M | -40.531M | 22.421M |
| Short Term Debt | 6.879M | 6.844M | 46.703M | 74.605M | 20.797M |
| Short Long Term Debt | - | 4.022M | 43.054M | 70.259M | 17.171M |
| Short Long Term Debt Total | 19.872M | 19.77M | 65.011M | 84.742M | 28.368M |
| Other Stockholder Equity | 56.622M | 56.332M | - | - | - |
| Property Plant Equipment | - | - | 235.792M | 146.247M | 41.186M |
| Total Current Assets | 129.984M | 129.319M | 69.088M | 287.127M | 9.168M |
| Long Term Investments | - | - | - | - | - |
| Short Term Investments | 31.87M | 33.797M | 4.635M | 66.031M | - |
| Net Receivables | 0.714M | 2.197M | 16.767M | 3.715M | 1.4M |
| Long Term Debt | - | - | 4.093M | 0.91M | 0.174M |
| Inventory | 0.705M | 0.701M | 0.588M | 0.548M | 0.169M |
| Accounts Payable | 9.077M | 9.031M | 12.897M | 9.873M | 2.059M |
| Accumulated Other Comprehensive Income | 2.941M | 2.926M | 65.512M | 43.704M | 5.588M |
| Non Currrent Assets Other | 44.714M | 44.466M | 5.955M | 3.622M | 0.942M |
| Non Current Assets Total | 248.741M | 247.468M | 274.01M | 255.46M | 42.536M |
| Capital Lease Obligations | - | 15.85M | 17.864M | 13.573M | 11.023M |
| Long Term Debt Total | - | - | - | - | - |
Cash Flow
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Investments | -155.011M | -215.147M | -3.605M | -22.364M | -21.678M |
| Total Cashflows From Investing Activities | -155.011M | -215.147M | -3.605M | -22.364M | -22.077M |
| Total Cash From Financing Activities | 24.01M | 371.986M | 0.185M | 17.974M | 4.332M |
| Net Income | -239.05M | 22.13M | -16.289M | 2.107M | -18.236M |
| Change In Cash | -94.708M | 119.648M | 3.788M | 1.607M | -3.966M |
| Begin Period Cash Flow | 125.595M | 5.947M | 2.159M | 0.552M | 4.518M |
| End Period Cash Flow | 30.887M | 125.595M | 5.947M | 2.159M | 0.552M |
| Total Cash From Operating Activities | 36.25M | -37.17M | 7.223M | 6.02M | 13.362M |
| Depreciation | 72.42M | 24.476M | 11.486M | 6.843M | 12.548M |
| Other Cashflows From Investing Activities | -22.182M | -22.182M | -22.182M | -22.182M | - |
| Dividends Paid | - | - | - | - | - |
| Change To Inventory | - | -0.379M | -0.034M | -0.005M | 0.407M |
| Sale Purchase Of Stock | - | - | - | - | - |
| Other Cashflows From Financing Activities | 107.222M | 137.544M | 2.081M | 14.764M | 1.886M |
| Capital Expenditures | 194.978M | 193.256M | 4.484M | 23.778M | 22.392M |
| Change In Working Capital | -3.978M | 15.39M | 3.243M | -3.026M | -1.088M |
| Other Non Cash Items | 217.439M | -130.593M | 5.14M | -1.172M | 1.755M |
| Free Cash Flow | -158.728M | -230.426M | 2.739M | -17.758M | -9.03M |
Funds
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Invesco CoinShares Global Blockchain ETF | 6 months ago | 10591041 |
| 2. | VanEck Crypto&Blckchan Innovtr ETF A USD | 6 months ago | 7855671 |
| 3. | CoinShares Bitcoin Miners ETF | 6 months ago | 5628234 |
| 4. | VanEck Digital Trfmt ETF | 6 months ago | 4964584 |
| 5. | SPDR® S&P Kensho New Economies Comps ETF | 6 months ago | 3699574 |
| 6. | Global X Blockchain ETF | 6 months ago | 3509531 |
| 7. | BIT Global Crypto Leaders I-I | 8 months ago | 3304356 |
| 8. | Schwab Crypto Thematic ETF | 6 months ago | 2501953 |
| 9. | Bitwise Crypto Industry Innovators ETF | 6 months ago | 2273878 |
| 10. | iShares S&P/TSX Capped Info Tech ETF | 6 months ago | 1560098 |
| 11. | LUX IM Innovation Strategy HX | 6 months ago | 1000265 |
| 12. | iShares Blockchain Technology ETF USDCap | 6 months ago | 934381 |
| 13. | State St Gbl Sm Cp Eq ex-US Indx NL Cl A | 6 months ago | 890200 |
| 14. | Siren Nasdaq NexGen Economy ETF{mg} | 6 months ago | 800000 |
| 15. | Dimensional International Small Cap ETF | 6 months ago | 510526 |
| 16. | iShares Core MSCI Total Intl Stk ETF | 6 months ago | 483538 |
| 17. | WisdomTree Blockchain UCITS ETF USD Acc | 6 months ago | 466974 |
| 18. | CompAM SB Blockchain Tech I EUR Acc | 7 months ago | 438000 |
| 19. | The Digital Leaders Fund R | 8 months ago | 400000 |
| 20. | State St Gbl All Cp Eq ex-US Idx NL Cl K | 6 months ago | 357604 |
Institutions
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Amvescap Plc. | 9 months ago | 12215876 |
| 2. | Tidal Investments LLC. | 9 months ago | 6225553 |
| 3. | Van Eck Associates Corporation | 9 months ago | 6075744 |
| 4. | State Street Corp | 9 months ago | 4917729 |
| 5. | Susquehanna International Group, LLP | 9 months ago | 4057521 |
| 6. | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 9 months ago | 3451335 |
| 7. | Citadel Advisors Llc | 9 months ago | 3333716 |
| 8. | Morgan Stanley - Brokerage Accounts | 9 months ago | 3289568 |
| 9. | Vident Advisory, LLC | 9 months ago | 3229375 |
| 10. | Group One Trading, LP | 9 months ago | 2690385 |
| 11. | Geode Capital Management, LLC | 9 months ago | 1879454 |
| 12. | Mmcap International Inc. Spc | 9 months ago | 1860095 |
| 13. | Weiss Asset Management LP | 9 months ago | 1582934 |
| 14. | BlackRock Inc | 9 months ago | 1161084 |
| 15. | Charles Schwab Investment Management Inc | 9 months ago | 1131851 |
| 16. | Dimensional Fund Advisors, Inc. | 9 months ago | 855285 |
| 17. | Jane Street Group LLC | 9 months ago | 781996 |
| 18. | Cetera Investment Advisers | 9 months ago | 730972 |
| 19. | Swiss National Bank | 9 months ago | 705800 |
| 20. | Bank of Montreal | 9 months ago | 676465 |
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