FMP
Bitfarms Ltd.
BITF
NASDAQ
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. 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 founded in 2017 and is headquartered in Toronto, Canada.
1.03 USD
0.005 (0.483%)
BITF Financial Statements
Year
2024
2023
2022
2021
Total Revenue
192.88M
146.37M
-8.38M
169.2M
Cost of Revenue
225.24M
167.87M
131.91M
58.37M
Gross Profit
-32.36M
-21.5M
-140.29M
110.83M
Operating Expenses
75.2M
50.63M
49.34M
48.1M
Research and Development
0
0
0
0
Selling, General & Administrative Expenses
73.38M
39.29M
51.51M
43.24M
Selling & Marketing Expenses
721k
491k
333k
174k
General & Administrative Expenses
72.66M
38.8M
51.51M
43.24M
Other Expenses
1.82M
11.34M
-2.17M
4.86M
Operating Income
-107.56M
-72.13M
-284.02M
37.35M
Total Other Income/Expenses Net
39.21M
-37.19M
98.62M
5.29M
Income Before Tax
-68.35M
-109.32M
-256.46M
42.64M
Income Tax
-14.29M
-401k
-17.41M
20.51M
Net Income
-54.06M
-108.92M
-239.05M
22.13M
Basic EPS
-0.12
-0.42
-1.15
0.14
EPS Diluted
-0.12
-0.42
-1.15
0.13
Basic Average Shares
414.67M
262.24M
207.78M
157.65M
Diluted Average Shares
414.67M
262.24M
207.78M
169.39M
EBITDA
70.78M
-15.86M
-102.2M
70.82M
Retained Earning Schedule
Year
2024
2023
2022
2021
Retained Earnings (Previous Year)
-299.81M
-239.06M
-15k
-22.14M
Net Income
-54.06M
-108.92M
-239.05M
22.13M
Stock Repurchases
0
0
0
0
Dividend Paid
0
0
0
0
Retained Earnings
-334.51M
-299.81M
-239.06M
-15k
Other Distributions
-34.7M
-60.74M
-239.05M
22.13M
PPE Schedule
Year
2024
2023
2022
2021
Gross PPE
423.4M
200.33M
268.02M
229.31M
Annual Depreciation
140.97M
84.78M
69.55M
24.26M
Capital Expenditure
-339.85M
-71.31M
-194.98M
-193.26M
Net PPE
622.29M
186.85M
393.45M
398.3M
Intangible and Goodwill Schedule
Year
2024
2023
2022
2021
Acquisitions and Adjustments
0
0
-16.95M
16.95M
Goodwill (Previous Year)
0
0
16.95M
0
Goodwill
0
0
0
16.95M
All figures are in USD.
