Bitfarms Ltd. (BITF) Revenue History
Annual and quarterly revenue from 2017 to present
BITF Revenue Over Time (2017–2025)
BITF Revenue Growth History
6 of 8 years with positive growth- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- +276.7%
- FY2019 revenue growth
- -4.1%
- FY2020 revenue growth
- +7.0%
- FY2021 revenue growth
- +388.4%
- FY2022 revenue growth
- -16.0%
- FY2023 revenue growth
- +2.8%
- FY2024 revenue growth
- +31.8%
- FY2025 revenue growth
- +18.9%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $37.0M | — |
| Q4 2025 | $15.4M | — |
| Q3 2025 | $69.2M | — |
| Q2 2025 | $77.8M | — |
| Q1 2025 | $66.8M | — |
| Q4 2024 | $56.2M | — |
| Q3 2024 | $44.9M | — |
| Q2 2024 | $41.5M | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
BITF's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
BITF Revenue Analysis (2017–2025)
Current Revenue & Growth
As of June 22, 2026, Bitfarms Ltd. (BITF) generated trailing twelve-month (TTM) revenue of $199.4 million, reflecting significant decline in growth of -44.7% year-over-year. The most recent quarter (Q1 2026) recorded $37.0 million in revenue, up 140.5% sequentially.
Historical Growth Trajectory
BITF's 5-year compound annual growth rate (CAGR) stands at +45.9%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +17.2% is below the 5-year average, signalling a growth deceleration in recent years. Bitfarms Ltd.'s highest annual revenue of $229.3 million was recorded in 2025, an all-time high.
Revenue by Segment
BITF's revenue is primarily driven by Energy Service (100%). With over half of revenue concentrated in Energy Service, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Financial Services sector peers — including MARA, RIOT, and CLSK (+37.7% YoY) — BITF has underperformed the peer group in revenue growth. Compare BITF vs MARA →
BITF Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BITFCurrent | $199M | -44.7% | +45.9% | -65.2% | |
 MARA | $907M | - | - | -90.6% | |
 RIOT | $647M | - | - | -61.8% | |
 CLSK | $766M | +37.7% | +138.0% | 41.6% | |
 CIFR | $224M | - | - | -150.7% | |
 IREN | $501M | - | - | 3.5% |
BITF Historical Revenue Data (2017–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $229.3M | - | $-18,904,000 | -8.2% | $-149,600,000 | -65.2% |
| 2024 | $192.9M | - | $-32,359,000 | -16.8% | $-107,563,000 | -55.8% |
| 2023 | $146.4M | - | $-21,502,000 | -14.7% | $-72,129,000 | -49.3% |
| 2022 | $142.4M | - | $10.5M | 7.4% | $-284,022,000 | -199.4% |
| 2021 | $169.5M | - | $111.1M | 65.6% | $63.6M | 37.5% |
| 2020 | $34.7M | - | $2.9M | 8.3% | $-6,731,000 | -19.4% |
| 2019 | $32.4M | - | $11.4M | 35.3% | $1.4M | 4.3% |
| 2018 | $33.8M | - | $10.9M | 32.2% | $-17,998,000 | -53.2% |
| 2017 | $9.0M | - | $7.6M | 84.4% | $7.4M | 82.5% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
9+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
BITF — Frequently Asked Questions
Quick answers to the most common questions about buying BITF stock.
Is BITF's revenue growth accelerating or slowing?
BITF revenue is declining -44.7% year-over-year. TTM revenue fell to $199M, contrasting with the 5-year CAGR of +45.9%. The reversal reflects either macro headwinds or company-specific challenges.
What is BITF's revenue history from 2017 to 2026?
Bitfarms Ltd. (BITF) revenue history spans 2017 to 2026. TTM revenue as of 2026 is $199M, growing at -44.7% YoY. The 5-year CAGR is +45.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is BITF's long-term revenue growth rate (CAGR)?
Bitfarms Ltd.'s 5-year revenue CAGR of +45.9% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -44.7% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for BITF.
Why does BITF's quarterly revenue fluctuate?
BITF quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Bitfarms Ltd.'s revenue data from 2017 to 2026 shows full historical quarterly detail on this page.
How is BITF's revenue distributed by segment?
BITF reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does BITF's revenue compare to industry peers?
Bitfarms Ltd. (BITF) with TTM revenue of $199M and -44.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.