Streetbeat News

BITF

Bitfarms Ltd.

https://www.bitfarms.com

Industry

Financial - Capital Markets

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.

Open

2.02

Mkt cap

912M

Volume

41M

High

2.02

P/E Ratio

-5.08

52-wk high

3.91

Low

1.93

Div yield

N/A

52-wk low

1.52

Bitfarms Ltd. has filed a second amended and restated prospectus supplement for its existing at-the-market equity offering program. This update is part of their short form base shelf prospectus.

Portfolio Pulse from

December 18, 2024 | 12:45 am

Bitfarms has announced a restatement of its previously issued financial statements. This is part of a designated news release related to the company's amended prospectus supplement.

Portfolio Pulse from

December 09, 2024 | 11:00 pm

Bitfarms Ltd. released its November 2024 production and operations update, which is a designated news release as per the company's prospectus supplement. The update is part of the company's ongoing communication with investors.

Portfolio Pulse from

December 02, 2024 | 12:15 pm

Bitfarms held a special meeting where shareholders approved an increase in the Board of Directors to six members, with five being independent. Andrew J. Chang was appointed as an independent director, and a shareholder rights plan was approved.

Portfolio Pulse from

November 20, 2024 | 11:15 pm

Bitfarms remains independent after settling with Riot, stabilizing its leadership team. Q3 results showed 8% revenue growth, but increased costs per BTC due to April's halving and higher energy expenses. The company raised $240M YTD through share sales, with liquidity at $145M, but continued share dilution is expected to fund operations.

Portfolio Pulse from

November 14, 2024 | 1:45 pm

Bitfarms Ltd. (BITF) held its Q3 2024 earnings conference call, discussing financial performance and company updates.

Portfolio Pulse from

November 13, 2024 | 7:30 pm

Bitfarms Ltd. (BITF) reported a Q3 loss of $0.09 per share, which was better than the Zacks Consensus Estimate of a $0.12 loss. The company also exceeded revenue expectations.

Portfolio Pulse from

November 13, 2024 | 2:45 pm

Bitfarms Ltd. has rescheduled its Q3 2024 financial results conference call to November 13th, 2024. The results will be reported before the market opens, and a conference call will be held at 8:00 am EST.

Portfolio Pulse from

November 11, 2024 | 9:30 pm

Bitfarms Ltd. (BITF) experienced a slight decline in its stock price, closing at $2.24, which is a 0.44% decrease from the previous day, despite overall market gains.

Portfolio Pulse from

November 09, 2024 | 12:30 am

Analysts predict that Bitfarms Ltd. (BITF) will report a decline in earnings, lacking the necessary factors for an earnings beat in its upcoming report.

Portfolio Pulse from

November 05, 2024 | 4:30 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.