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.
News
-
Riot Platforms, Inc. Early Warning Report Press Release Regarding Settlement Agreement With Bitfarms Ltd.
-
Bitfarms and Riot Announce Settlement
-
Bitfarms Enters into 10,000 Miner Hosting Agreement with Stronghold Digital Mining
-
Bitfarms Enhances Operations Teams
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Bitfarms Reschedules Special Meeting of Shareholders
-
Bitfarms to Present at H.C. Wainwright 26th Annual Global Investment Conference
-
Bitfarms Issues Statement to Address Misleading Claims from Riot
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Bitfarms Provides August 2024 Production and Operations Update
Trading Information
- Previous Close Price
- CAD 2.97
- Day Range
- CAD 2.99–3.10
- 52-Week Range
- CAD 1.26–5.25
- Bid/Ask
- CAD 3.02 / CAD 3.03
- Market Cap
- CAD 1.37 Bil
- Volume/Avg
- 3.0 Mil / 3.0 Mil
Key Statistics
- Price/Earnings (Normalized)
- 19.50
- Price/Sales
- 4.24
- Dividend Yield (Trailing)
- 0.00%
- Dividend Yield (Forward)
- 0.00%
- 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
|
HUT
|
HIVE
|
|---|---|---|---|
Price/Earnings (Normalized) | 19.50 | 112.71 | — |
Price/Book Value | 1.99 | 1.80 | 1.41 |
Price/Sales | 4.24 | 2.55 | 2.62 |
Price/Cash Flow | 12.79 | — | — |
Price/Earnings
BITF
HUT
HIVE
Financial Strength
|
Metric
|
BITF
|
HUT
|
HIVE
|
|---|---|---|---|
Quick Ratio | 4.61 | 1.57 | 1.67 |
Current Ratio | 5.11 | 1.68 | 7.35 |
Interest Coverage | −10.73 | 9.18 | −6.65 |
Quick Ratio
BITF
HUT
HIVE
Profitability
|
Metric
|
BITF
|
HUT
|
HIVE
|
|---|---|---|---|
Return on Assets (Normalized) | 14.24% | 34.13% | −59.68% |
Return on Equity (Normalized) | 16.80% | 59.53% | −75.76% |
Return on Invested Capital (Normalized) | 17.34% | 39.86% | −62.59% |
Return on Assets
BITF
HUT
HIVE
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United States