Bitfarms Ltd BITF
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
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News
-
Canadian Stocks Reverse Winning Streak, Led by Galaxy Digital
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Bitfarms Provides June 2024 Production and Operations Update
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Bitfarms Announces Appointment of Fanny Philip to Board of Directors
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Bitfarms Receives Shareholder Meeting Requisition
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Riot Platforms Drops Bitfarms Bid, Calls for Board Shakeup
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Riot Requisitions Special Meeting of Bitfarms Shareholders and Nominates Three Highly Qualified, Independent Directors to Bring Urgently Needed Change to Bitfarms Board
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Riot Platforms, Inc. Reports Beneficial Ownership of 14% in Bitfarms Ltd.
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Bitfarms Enters into Agreement to Develop 120 MW in U.S.; Provides 2025 Guidance of Over 35 EH/s
Trading Information
- Previous Close Price
- CAD 3.33
- Day Range
- CAD 3.13–3.66
- 52-Week Range
- CAD 1.26–5.25
- Bid/Ask
- CAD 3.63 / CAD 3.65
- Market Cap
- CAD 1.50 Bil
- Volume/Avg
- 3.5 Mil / 3.2 Mil
Key Statistics
- Price/Earnings (Normalized)
- 14.42
- Price/Sales
- 4.28
- Dividend Yield (Trailing)
- —
- Dividend Yield (Forward)
- —
- Total Yield
- —
Company Profile
Bitfarms Ltd engaged in the cryptocurrency Mining industry mainly consists of selling its computational power used for hashing calculations for cryptocurrency mining in multiple jurisdictions. Its geographic operations are currently located in Canada, the United States, Argentina, and Paraguay. It owns and operates server farms comprised of computers designed to validate transactions on the Bitcoin Blockchain.
- Sector
- Financial Services
- Industry
- Capital Markets
- Stock Style Box
- Small Core
- Total Number of Employees
- 170
- Website
- https://bitfarms.com
Comparables
Valuation
|
Metric
|
BITF
|
9284
|
WULF
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.42 | 16.36 | 33.56 |
Price/Book Value | 2.40 | 0.90 | 6.43 |
Price/Sales | 4.28 | 4.89 | 13.45 |
Price/Cash Flow | 19.12 | 6.96 | 27.58 |
Price/Earnings
BITF
9284
WULF
Financial Strength
|
Metric
|
BITF
|
9284
|
WULF
|
|---|---|---|---|
Quick Ratio | 2.79 | 1.47 | 0.39 |
Current Ratio | 3.02 | 1.54 | 0.45 |
Interest Coverage | −9.15 | 7.57 | −0.61 |
Quick Ratio
BITF
9284
WULF
Profitability
|
Metric
|
BITF
|
9284
|
WULF
|
|---|---|---|---|
Return on Assets (Normalized) | 16.15% | 2.88% | −11.54% |
Return on Equity (Normalized) | 19.42% | 5.70% | −22.22% |
Return on Invested Capital (Normalized) | 20.55% | 3.33% | −0.08% |
Return on Assets
BITF
9284
WULF
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