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BITFBitfarms Ltd.
$2.16$1.3B
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BITF logoBitfarms Ltd.(BITF)Earnings, Financials & Key Ratios

BITF•NASDAQ•Banking & Credit
Price updated Jun 8, 2026
SectorFinancial ServicesIndustryCapital MarketsSub-IndustryBitcoin Mining and Data Centers
AboutBitfarms 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.Show more
  • Net Interest Income-$2M-154.3%
  • Total Revenue$229M+18.9%
  • Net Income-$285M-426.3%
  • Return on Equity-48.71%-306.7%
  • Net Interest Margin-0.18%-128.0%
  • Efficiency Ratio57%+46.2%
  • ROA-28.98%-180.4%
  • Equity / Assets43.23%-52.5%
  • Book Value per Share1.02-30.7%

BITF Key Insights

Bitfarms Ltd. (BITF) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Well capitalized: 43.2% equity/assets
  • ✓Diversified revenue: 97.3% from non-interest income
  • ✓Trading at only 1.5x book value

✗Weaknesses

  • ✗Profits declining 77.2% over 5 years
  • ✗Weak Piotroski F-Score: 2/9
  • ✗Weak NIM of -0.2%
  • ✗Shares diluted 33.0% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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BITF Price & Volume

Bitfarms Ltd. (BITF) stock price & volume — 10-year historical chart

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BITF Growth Metrics

Bitfarms Ltd. (BITF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years45.88%
3 Years17.2%
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-369.31%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-266.08%

Return on Capital

10 Years-20%
5 Years-23.9%
3 Years-21.44%
Last Year-16.81%

BITF Recent Earnings

Bitfarms Ltd. (BITF) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
Mar 26, 2026
Metric
Actual
Est
EPS
$0.18-350.0%
$0.04
Rev
$52M-17.3%
$63M
Q4 2025
Nov 13, 2025
Metric
Actual
Est
EPS
$0.02+0.0%
$0.02
Rev
$69M+12.0%
$62M
Q3 2025
Aug 12, 2025
Metric
Actual
Est
EPS
$0.02-100.0%
$0.01
Rev
$78M-4.0%
$81M
Q2 2025
May 14, 2025
Metric
Actual
Est
EPS
$0.04+0.0%
$0.04
Rev
$67M-11.9%
$76M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 26, 2026
$0.18vs $0.04-350.0%
$52Mvs $63M-17.3%
Q4 2025Nov 13, 2025
$0.02vs $0.02+0.0%
$69Mvs $62M+12.0%
Q3 2025Aug 12, 2025
$0.02vs $0.01-100.0%
$78Mvs $81M-4.0%
Q2 2025May 14, 2025
$0.04vs $0.04+0.0%
$67Mvs $76M-11.9%
Based on last 12 quarters of dataView full earnings history →

BITF Peer Comparison

Bitfarms Ltd. (BITF) competitors in Bitcoin Mining and Data Centers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
MARA logoMARAMarathon Digital Holdings, Inc.Direct Competitor5.42B14.22-3.8538.2%-234.83%-51.65%1.05
RIOT logoRIOTRiot Platforms, Inc.Direct Competitor10.65B28.10-14.4171.89%-132.76%-28.78%0.10
CLSK logoCLSKCleanSpark, Inc.Direct Competitor4.42B17.2415.39102.21%-67.66%-29.93%0.38
CIFR logoCIFRCipher Mining Inc.Direct Competitor11.84B29.18-13.5748.04%-5.13%-115.53%3.31
IREN logoIRENIREN LimitedDirect Competitor21.4B59.96153.74167.65%31.71%9.12%0.53
HUT logoHUTHut 8 Corp.Direct Competitor14.01B124.44-58.15-90.71%-17.66%0.25
BTBT logoBTBTBit Digital, Inc.Direct Competitor706.64M2.17-7-30.65%-146.01%-0.11%0.16
CORZ logoCORZCore Scientific, Inc.Product Competitor9.27B29.16-33.14-37.53%-342.93%

Compare BITF vs Peers

Bitfarms Ltd. (BITF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MARA

Most directly comparable listed peer for BITF.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare BITF against a more recognizable public peer.

Peer Set

Compare Top 5

vs MARA, RIOT, CLSK, CIFR

BITF Income Statement

Bitfarms Ltd. (BITF) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Net Interest Income
0-63K-3.27M-6.1M-3.42M-13.77M-2.66M4.3M-2.33M-4.14M
NII Growth %
---5087.3%-86.78%43.97%-302.49%80.68%261.68%-154.31%-924.37%
Net Interest Margin %
0%-0.24%-6.18%-11.81%-0.63%-4.01%-0.7%0.64%-0.18%-0.39%
Interest Income
00000456K1.42M6.04M6.29M9.06M
Interest Expense
063K3.27M6.1M3.42M14.22M4.08M1.74M8.62M13.2M
Loan Loss Provision
1.4M22.86M17.71M25.73M54.95M117.69M163.79M223.5M239.56M230.89M
Non-Interest Income
8.97M33.8M32.42M34.7M169.49M141.97M144.95M186.84M222.99M190.36M
Non-Interest Income %
100%100%100%100%100%99.68%99.03%96.87%97.26%95.45%
Total Revenue
8.97M▲ 0%
33.8M▲ 276.7%
32.42M▼ 4.1%
34.7M▲ 7.0%
169.49M▲ 388.4%
142.43M▼ 16.0%
146.37M▲ 2.8%
192.88M▲ 31.8%
229.28M▲ 18.9%
199.42M▲ 0%
Revenue Growth %
-276.68%-4.09%7.04%388.4%-15.97%2.76%31.78%18.87%24.36%
Non-Interest Expense
177.15K28.88M10.04M9.6M47.48M294.54M50.63M75.2M130.7M125.72M
Efficiency Ratio
1.97%85.42%30.97%27.67%28.01%206.8%34.59%38.99%57%63.04%
Operating Income
7.4M▲ 0%
-18M▼ 343.2%
1.4M▲ 107.8%
-6.73M▼ 581.1%
63.64M▲ 1045.5%
-284.02M▼ 546.3%
-72.13M▲ 74.6%
-107.56M▼ 49.1%
-149.6M▼ 39.1%
-170.38M▲ 0%
Operating Margin %
82.45%-53.24%4.32%-19.4%37.55%-199.41%-49.28%-55.77%-65.25%-85.44%
Operating Income Growth %
--343.22%107.77%-581.13%1045.48%-546.29%74.6%-49.13%-39.08%-
Pretax Income
7.14M▲ 0%
-18.18M▼ 354.7%
-484K▲ 97.3%
-16.12M▼ 3230.0%
42.64M▲ 364.5%
-193.06M▼ 552.8%
-109.32M▲ 43.4%
-68.35M▲ 37.5%
-208.41M▼ 204.9%
-305.74M▲ 0%
Pretax Margin %
79.51%-53.77%-1.49%-46.44%25.16%-135.55%-74.69%-35.44%-90.9%-153.32%
Income Tax
2.05M59K-2.59M172K20.51M-17.41M-401K-14.29M101K-5.52M
Effective Tax Rate %
28.79%-0.32%535.33%-1.07%48.1%9.02%0.37%20.91%-0.05%1.81%
Net Income
5.08M▲ 0%
-9.36M▼ 284.3%
2.9M▲ 131.0%
-16.29M▼ 661.9%
22.13M▲ 235.9%
-175.64M▼ 893.7%
-108.92M▲ 38.0%
-54.06M▲ 50.4%
-284.54M▼ 426.3%
-394.02M▲ 0%
Net Margin %
56.62%-27.7%8.94%-46.94%13.06%-123.32%-74.42%-28.03%-124.11%-197.58%
Net Income Growth %
--284.26%130.96%-661.88%235.86%-893.69%37.99%50.37%-426.32%-369.31%
Net Income (Continuing)
5.08M-18.24M2.11M-16.29M22.13M-175.64M-108.92M-54.06M-208.51M-317.99M
EPS (Diluted)
0.09▲ 0%
-0.16▼ 279.6%
0.03▲ 118.6%
-0.19▼ 739.7%
0.13▲ 168.4%
-1.15▼ 984.6%
-0.42▲ 63.5%
-0.13▲ 69.0%
-0.52▼ 300.0%
-0.65▲ 0%
EPS Growth %
--279.57%118.56%-739.73%168.42%-984.62%63.48%69.05%-300%-266.08%
EPS (Basic)
0.09-0.160.03-0.190.14-1.15-0.42-0.13-0.52-
Diluted Shares Outstanding
57.05M56.92M71.06M84.92M169.39M207.78M262.24M414.67M551.68M602.58M

BITF Balance Sheet

Bitfarms Ltd. (BITF) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash & Short Term Investments
4.52M552K2.16M5.95M191.63M35.44M84.04M146.84M573.46M1.33B
Cash & Due from Banks
4.52M552K2.16M5.95M125.59M30.81M84.04M59.54M573.46M357.28M
Short Term Investments
000066.03M4.63M087.3M00
Total Investments
000066.03M4.63M087.3M1.25M42.84M
Investments Growth %
------92.98%-100%--98.57%-10.47%
Long-Term Investments
000000001.25M45.83M
Accounts Receivables
0912K1.55M1.1M1.04M701K714K1.26M5.47M5.36M
Goodwill & Intangibles
4.72M1.01M675K377K18.64M33K3.7M4.04M2.98M3.02M
Goodwill
000016.95M00000
Intangible Assets
4.72M1.01M675K377K1.68M33K3.7M4.04M2.98M3.02M
PP&E (Net)
21.34M20.86M44.13M41.22M146.25M268.02M200.33M423.4M371.56M361.27M
Other Assets
01.06M1.5M942K86.68M5.96M44.71M26.47M94.08M83.94M
Total Current Assets
8.48M3.29M6.55M9.17M287.13M69.09M129.98M213.71M826.47M575.65M
Total Non-Current Assets
26.06M22.94M46.31M42.54M255.46M274.01M248.74M453.91M469.88M491.06M
Total Assets
34.55M▲ 0%
26.23M▼ 24.1%
52.86M▲ 101.5%
51.7M▼ 2.2%
542.59M▲ 949.4%
343.1M▼ 36.8%
378.73M▲ 10.4%
667.62M▲ 76.3%
1.3B▲ 94.2%
1.07B▲ 0%
Asset Growth %
--24.07%101.49%-2.18%949.41%-36.77%10.38%76.28%94.18%222.54%
Return on Assets (ROA)
14.71%-30.81%7.33%-31.16%7.45%-39.66%-30.18%-10.33%-28.98%-39.48%
Accounts Payable
4.45M1.91M2.29M2.06M14.48M12.9M9.08M21.91M16.27M17.91M
Total Debt
01.72M22.19M28.37M84.74M65.01M19.87M23.41M683.78M590.97M
Net Debt
-4.52M1.17M20.03M22.42M-40.85M34.2M-64.17M-36.13M110.32M233.69M
Long-Term Debt
0693K14.85M174K910K4.09M01.43M572.45M573.2M
Short-Term Debt
01.02M874K17.17M70.26M43.05M4.02M146K97.02M6.04M
Other Liabilities
207K232K193K209K239K1.98M1.82M2.11M2.76M2.63M
Total Current Liabilities
5.74M4.66M4.01M28.48M164.75M67.41M69.15M36.27M148.11M59.94M
Total Non-Current Liabilities
909K925K20.76M7.78M18.83M20.29M14.81M23.35M587.86M587.63M
Total Liabilities
6.64M5.58M24.77M36.26M183.58M87.7M83.96M59.62M735.97M647.58M
Total Equity
27.9M▲ 0%
20.65M▼ 26.0%
28.09M▲ 36.0%
15.45M▼ 45.0%
359.01M▲ 2224.1%
255.4M▼ 28.9%
294.76M▲ 15.4%
608M▲ 106.3%
560.38M▼ 7.8%
419.13M▲ 0%
Equity Growth %
--25.99%36.01%-45.01%2224.12%-28.86%15.41%106.27%-7.83%14.42%
Equity / Assets (Capital Ratio)
80.77%78.73%53.14%29.88%66.17%74.44%77.83%91.07%43.23%39.29%
Return on Equity (ROE)
18.21%-38.57%11.9%-74.83%11.82%-57.18%-39.6%-11.98%-48.71%-69.94%
Book Value per Share
0.490.360.400.182.121.231.121.471.020.70
Tangible BV per Share
0.410.350.390.182.011.231.111.461.010.69
Common Stock
115K162K30.48M32M354.71M404.93M535.01M852.29M1.06B1.07B
Additional Paid-in Capital
22.88M19.65M3.47M5.59M25.84M47.65M56.62M67.52M108.28M110.96M
Retained Earnings
4.91M-8.76M-5.86M-22.14M-21.55M-197.19M-299.81M-334.51M-612.48M-757.83M
Accumulated OCI
04.39M3.47M5.59M002.94M22.7M00
Treasury Stock
0000000000
Preferred Stock
0000000000

BITF Cash Flow Statement

Bitfarms Ltd. (BITF) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
7.94M13.76M6.02M7.22M-37.17M36.25M-105.71M-140.56M-226.59M-272.7M
Operating CF Growth %
-73.21%-56.25%19.98%-614.61%197.52%-391.62%-32.97%-61.21%-1400.35%
Net Income
5.08M-18.24M2.11M-16.29M22.13M-239.05M-108.92M-54.06M-284.54M-394.02M
Depreciation & Amortization
1.15M12.55M6.84M11.49M24.48M72.42M84.78M140.97M122.63M120.63M
Deferred Taxes
727.25K-1.23M-1.6M1.44M8.84M-32.37M17.09M-15.8M0-5.63M
Other Non-Cash Items
2.62M20.09M-1.17M5.14M-130.59M217.44M-110.82M-216.4M-80.78M28.94M
Working Capital Changes
994.52K-162K-3.03M3.24M15.39M-3.98M1.24M-9.22M1.11M-36.84M
Cash from Investing
-14.19M-22.08M-22.36M-3.6M-215.15M-155.01M70.97M-178.39M103.74M74.56M
Purchase of Investments
0000-6.69M-193.97M-36.26M-51.94M-33.98M1.65M
Sale/Maturity of Investments
000012.84M223.43M177.82M207.94M33.96M-37.72M
Net Investment Activity
00006.15M29.47M141.55M156.01M-13K-36.06M
Acquisitions
0569K1.45M925.43K-23M10.08M00-48.08M-32.04M
Other Investing
0145K-32.87K-46.43K-5.04M416.04K717K5.46M252.14M205.46M
Cash from Financing
10.92M4.33M17.97M185K371.99M24.01M87.88M294.46M694.28M557.85M
Dividends Paid
0000000000
Share Repurchases
00000000-9.95M-9.95M
Stock Issued
10.92M2.94M4.94M54K259.17M54.09M109.07M289.53M108.46M73.41M
Net Stock Activity
10.92M2.94M4.94M54K259.17M54.09M109.07M289.53M98.5M63.46M
Debt Issuance (Net)
01000K1000K-1000K1000K1000K-1000K-1000K1000K-1.78M
Other Financing
10.92M0100K2M63.32M-59.98M12.98M9.6M-69.09M694.17M
Net Change in Cash
4.68M▲ 0%
-3.97M▼ 184.7%
1.61M▲ 140.5%
3.79M▲ 135.7%
119.65M▲ 3058.6%
-94.71M▼ 179.2%
53.15M▲ 156.1%
-24.5M▼ 146.1%
571.42M▲ 2432.7%
376.23M▲ 0%
Exchange Rate Effect
018K-23K-15K-21K43K18K-9K-8K16.53M
Cash at Beginning
2.78M4.52M552K2.16M5.95M125.59M30.89M84.04M59.54M573.46M
Cash at End
7.46M552K2.16M5.95M125.59M30.89M84.04M59.54M630.96M357.28M
Interest Paid
049K00000000
Income Taxes Paid
01.28M00000000
Free Cash Flow
-6.24M▲ 0%
-9.03M▼ 44.7%
-17.76M▼ 96.7%
2.74M▲ 115.4%
-230.43M▼ 8512.8%
-158.73M▲ 31.1%
-177.02M▼ 11.5%
-480.42M▼ 171.4%
-326.89M▲ 32.0%
-335.5M▲ 0%
FCF Growth %
--44.67%-96.66%115.42%-8512.78%31.12%-11.52%-171.4%31.96%31.13%

BITF Banking Ratios

Bitfarms Ltd. (BITF) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20182019202020212022202320242025TTM
Return on Equity (ROE)
-38.57%11.9%-74.83%11.82%-57.18%-39.6%-11.98%-48.71%-69.94%
Return on Assets (ROA)
-30.81%7.33%-31.16%7.45%-39.66%-30.18%-10.33%-28.98%-39.48%
Net Interest Margin
-0.24%-6.18%-11.81%-0.63%-4.01%-0.7%0.64%-0.18%-0.39%
Efficiency Ratio
85.42%30.97%27.67%28.01%206.8%34.59%38.99%57%63.04%
Equity / Assets
78.73%53.14%29.88%66.17%74.44%77.83%91.07%43.23%39.29%
Book Value / Share
0.360.40.182.121.231.121.471.020.7
NII Growth
--5087.3%-86.78%43.97%-302.49%80.68%261.68%-154.31%-196.03%
Dividend Payout
--------0%
Related:BITF Dividend History·BITF Revenue History·BITF Price History·BITF P/E History·BITF Financial Ratios·BITF Institutional Holders

BITF SEC Filings & Documents

Bitfarms Ltd. (BITF) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

3
Material company update

May 11, 2026·SEC

Material company update

Apr 3, 2026·SEC

Material company update

Apr 1, 2026·SEC

10-K Annual Reports

1
FY 2026

Mar 31, 2026·SEC

10-Q Quarterly Reports

1
FY 2026

May 11, 2026·SEC

BITF Frequently Asked Questions

Bitfarms Ltd. (BITF) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Bitfarms Ltd. (BITF) grew revenue by 18.9% over the past year. This is strong growth.

Bitfarms Ltd. (BITF) reported a net loss of $394.0M for fiscal year 2025.

Dividend & Returns

Bitfarms Ltd. (BITF) has a return on equity (ROE) of -48.7%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Bitfarms Ltd. (BITF) has a net interest margin (NIM) of -0.2%. NIM has been under pressure due to interest rate environment.

Bitfarms Ltd. (BITF) has an efficiency ratio of 57.0%. This is reasonable for a bank.

What if you invested $1,000 in BITF back in 2017?

Total return calculator · dividends reinvested · 9+ years of data

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