Bitfarms Ltd.

BITF

CA09173B1076

Blockchain & Cryptocurrency

Market Closed - Toronto S.E. Other stock markets 16:00:00 2024-05-16 EDT			5-day change	1st Jan Change
2.43 ^CAD	-4.33%		-3.57%	-36.88%

05-15	Toronto Stocks Edge Up; Boyd Group Services Down on 1Q Earnings Decline, 2Q Outlook	DJ
05-15	This bodes well for rate cuts

Bitfarms Ltd. Reports Production Results for the Month and Year to Date Ended April 2024

May 01, 2024 at 07:00 am

Bitfarms Ltd. reported production results for the month and year to date ended April 2024. For the month, the company mining operations generated 269 BTC compared to 286 BTC in March 2024 and 379 BTC in April 2023.

For year to date, the company generated 1,212 BTC as compared to 1,676 BTC a year ago.

Latest news about Bitfarms Ltd.

Toronto Stocks Edge Up; Boyd Group Services Down on 1Q Earnings Decline, 2Q Outlook	05-15	DJ
This bodes well for rate cuts	05-15
Bitfarms Q1 Net Loss Widens 62%, Revenue Up 67%	05-15	MT
Transcript : Bitfarms Ltd., Q1 2024 Earnings Call, May 15, 2024	05-15
Bitfarms Ltd. Provides Operating Guidance for the Second Quarter of 2024 and Year 2024	05-15	CI
Bitfarms Ltd. Reports Operating Results for the First Quarter Ended March 31, 2024	05-15	CI
Bitfarms Brief: Q1 Revenue of US$50 million, up 9% Q/Q and 67% Y/Y; Says "On track" to achieve guidance of 21 EH/s and 21 w/TH in 2024	05-15	MT
Bitfarms Doubles Power Capacity to 200 MW at Paraguay Site	05-14	MT
Bitfarms Down 3.1% In US Premarket Although Says Doubled Yguazu Power Capacity to 200 MW with Additional 100 MW of Hydropower in Paraguay	05-14	MT
Bitfarms Brief: Says Doubled Yguazu Power Capacity to 200 MW with Additional 100 MW of Hydropower in Paraguay	05-14	MT
Bitfarms Ltd. Doubles Yguazu Power Capacity to 200 MW with Additional 100 MW of Hydropower in Paraguay	05-14	CI
Sector Update: Financial Stocks Decline Late Afternoon	05-13	MT
Sector Update: Financial Stocks Ease Monday Afternoon	05-13	MT
Bitfarms Terminates CEO Geoffrey Morphy Following Lawsuit Against Company	05-13	MT
TSX moves higher on consumer staples boost	05-13	RE
Bitfarms Accelerates Previously Announced CEO Termination, Reschedules Q1 Report to May 15	05-13	MT
Bitfarms Brief: Reschedules First Quarter Conference Call To May 15	05-13	MT
Bitfarms Brief: Announcing Acceleration of Previously Announced Termination of CEO and Provides Update on New CEO Appointment	05-13	MT
TSX closes at 3-week high as rate cut hopes renew	05-06	RE
TSX jumps to 3-week high as rate cut bets revive	05-06	RE
Bitfarms Down 3.7% as it Reports a Decline in Bitcoin Production in April	05-01	MT
Bitfarms Reports Decline in Bitcoin Production in April	05-01	MT
Bitfarms Brief: Says Tracking to 21 EH/s and 21 w/TH in 2024 with "Transformative" fleet upgrade; Expects VAT Refund from Canada of US$23.7 Million	05-01	MT
Bitfarms Brief: Providing April 2024 Production and Operations Update; Says Earned 269 BTC in April 2024; Adds It Improves corporate energy efficiency 9% to 31 w/TH	05-01	MT
Bitfarms Ltd. Reports Production Results for the Month and Year to Date Ended April 2024	05-01	CI

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Company Profile

Bitfarms Ltd. is a Canada-based global vertically integrated bitcoin mining company. The Company develops, owns, and operates vertically integrated mining farms with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Companyâs proprietary data analytics system delivers operational performance and uptime. The Company operates through the cryptocurrency mining segment. The Company operates server farms comprised of computers (Miners) designed for the purpose of validating transactions on the Bitcoin (BTC) Blockchain (Mining). The Company also operates Miners about 24 hours a day producing computational power (measured by hashrate) which it sells to Mining Pools under a formula-driven rate commonly known as Full Pay Per Share (FPPS). The Company has 11 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.

Sector

Blockchain & Cryptocurrency

Calendar

2024-05-21 - B. Riley Securities Institutional Investor Conference

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Ratings for Bitfarms Ltd.

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.785 USD

Average target price

5.146 USD

Spread / Average Target

+188.33%

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Cryptocurrency Mining

Bitfarms Ltd.

Equities

BITF

CA09173B1076

Blockchain & Cryptocurrency

Bitfarms Ltd. Reports Production Results for the Month and Year to Date Ended April 2024

EPS Revisions