Bitfarms Ltd. (BITF) Revenue History
Annual and quarterly revenue from 2017 to 2024
Compound Annual Growth Rate (CAGR)
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BITF Revenue Growth
Revenue Breakdown
BITF's revenue distribution by segment and geography
By Geography
BITF Revenue Analysis (2017–2024)
As of May 8, 2026, Bitfarms Ltd. (BITF) generated trailing twelve-month (TTM) revenue of $270.1 million, reflecting explosive growth of +54.4% year-over-year. The most recent quarter (Q3 2025) recorded $69.2 million in revenue, down 11.0% sequentially.
Looking at the longer-term picture, BITF's 5-year compound annual growth rate (CAGR) stands at +42.9%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $192.9 million in 2024, representing a new all-time high.
When compared to Financial Services sector peers including MARA, RIOT, and CLSK (+68.0% YoY), BITF has underperformed the peer group in terms of 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 | $270M | +54.4% | +42.9% | -55.8% | |
 MARA | $907M | - | - | -90.6% | |
 RIOT | $647M | - | - | -61.8% | |
 CLSK | $766M | +68.0% | +138.0% | 41.6% | |
 CIFR | $224M | - | - | -150.7% | |
 IREN | $501M | - | - | 3.5% |
BITF Historical Revenue Data (2017–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
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Start ComparisonBITF — 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 accelerating at +54.4% year-over-year, exceeding the 5-year CAGR of +42.9%. TTM revenue reached $270M. Growth momentum has increased versus prior periods.
What is BITF's long-term revenue growth rate?
Bitfarms Ltd.'s 5-year revenue CAGR of +42.9% reflects the sustained expansion pattern. Current YoY growth of +54.4% is above this long-term average.
How is BITF's revenue distributed by segment?
BITF reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2017-2024 are available for download. Segment mix reveals concentration and diversification trends.