BITF 📈 Bitfarms - Overview
Exchange: TO • Country: Canada • Currency: CAD • Type: Common Stock •
BITF: Cryptocurrency, Blockchain, Mining, Servers, Electricity
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. 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 formerly known as Bitfarms Technologies Ltd and changed its name to Bitfarms Ltd. in October 2018. The company was founded in 2017 and is based in Toronto, Canada. Web URL: https://www.bitfarms.com
Additional Sources for BITF Stock
BITF Stock Overview
| Market Cap in USD | 989m |
| Sector | Financial Services |
| Industry | Capital Markets |
| GiC Sub-Industry | Investment Banking & Brokerage |
| IPO / Inception |
BITF Stock Ratings
| Growth 5y | 38.7% |
| Fundamental | -29.7% |
| Dividend | - |
| Rel. Strength Industry | -218 |
| Analysts | - |
| Fair Price Momentum | 2.23 CAD |
| Fair Price DCF | - |
BITF Dividends
No Dividends PaidBITF Growth Ratios
| Growth Correlation 3m | 26.2% |
| Growth Correlation 12m | -32.8% |
| Growth Correlation 5y | 25.1% |
| CAGR 5y | 36.65% |
| CAGR/Mean DD 5y | 0.61 |
| Sharpe Ratio 12m | -0.11 |
| Alpha | -83.84 |
| Beta | 1.89 |
| Volatility | 104.92% |
| Current Volume | 5836k |
| Average Volume 20d | 5423.3k |
What is the price of BITF stocks?
As of December 22, 2024, the stock is trading at CAD 2.43 with a total of 5,835,976 shares traded.
Over the past week, the price has changed by -15.28%, over one month by -21.54%, over three months by -11.91% and over the past year by -33.88%.
As of December 22, 2024, the stock is trading at CAD 2.43 with a total of 5,835,976 shares traded.
Over the past week, the price has changed by -15.28%, over one month by -21.54%, over three months by -11.91% and over the past year by -33.88%.
Is Bitfarms a good stock to buy?
Probably not. Based on ValueRay Fundamental Analyses, Bitfarms (TO:BITF) is currently (December 2024) not a good stock to buy. It has a ValueRay Fundamental Rating of -29.67 and therefor a somewhat negative outlook according to the companies health.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of BITF as of December 2024 is 2.23. This means that BITF is currently overvalued and has a potential downside of -8.23%.
Probably not. Based on ValueRay Fundamental Analyses, Bitfarms (TO:BITF) is currently (December 2024) not a good stock to buy. It has a ValueRay Fundamental Rating of -29.67 and therefor a somewhat negative outlook according to the companies health.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of BITF as of December 2024 is 2.23. This means that BITF is currently overvalued and has a potential downside of -8.23%.
Is BITF a buy, sell or hold?
Bitfarms has no consensus analysts rating.
Bitfarms has no consensus analysts rating.
What are the forecast for BITF stock price target?
According to ValueRays Forecast Model, BITF Bitfarms will be worth about 2.6 in December 2025. The stock is currently trading at 2.43. This means that the stock has a potential upside of +4.94%.
According to ValueRays Forecast Model, BITF Bitfarms will be worth about 2.6 in December 2025. The stock is currently trading at 2.43. This means that the stock has a potential upside of +4.94%.
| Issuer | Forecast | Upside |
|---|---|---|
| Wallstreet Target Price | 4.6 | 90.9% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 2.6 | 4.9% |