Bitfarms is a capital markets business based in Canada. Bitfarms stocks (BITF.V) are listed on the V and all prices are listed in Canadian Dollars. Its last market close was C$8.13 – the same closing value as a week prior. Bitfarms employs 106 staff and has a trailing 12-month revenue of around C$169.5 million.
How to buy Bitfarms stock
- Choose a stock trading platform. Use our comparison table or choose from our Top Picks below.
- Open an account. Provide your personal information and sign up.
- Fund your account. Deposit funds unto your account by linking your banking information or transfer funds from another trading account.
- Search for the stock name – BITF. Search for the stock by name or ticker symbol.
- Buy the stock. Place your order. It's that simple.
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What's in this guide?
- Can I buy shares in Bitfarms?
- Has coronavirus impacted Bitfarms shares?
- Bitfarms shares summary
- Compare share dealing platforms
- Is Bitfarms stock a buy or sell?
- Bitfarms performance over time
- Are Bitfarms shares over-valued?
- Bitfarms's financials
- How volatile are Bitfarms shares?
- Does Bitfarms pay a dividend?
- Other common questions
How has Coronavirus impacted Bitfarms's stock price?
Since the stock market crash in March caused by coronavirus, Bitfarms's stock price has had significant positive movement.
Its last market close was C$4.13, which is 82.57% up on its pre-crash value of C$0.72 and 1,232.26% up on the lowest point reached during the March crash when the stocks fell as low as C$0.31.
If you had bought C$1,000 worth of Bitfarms stocks at the start of February 2020, those stocks would have been worth C$715.52 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth C$7,120.70.
Bitfarms stock price
Use our graph to track the performance of BITF stocks over time.Bitfarms stocks at a glance
Information last updated 2022-05-07.
| Latest market close | C$4.13 |
|---|---|
| 52-week range | C$0 - C$0 |
| 50-day moving average | C$4.6326 |
| 200-day moving average | C$6.2048 |
| Wall St. target price | C$10 |
| PE ratio | 25.3374 |
| Dividend yield | C$0 (0%) |
| Earnings per share (TTM) | C$0.163 |
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Bitfarms price performance over time
Historical closes compared with the last close of C$4.13
| 2 years (2021-06-10) | -21.03% |
|---|---|
| 3 years (2020-06-10) | 760.42% |
Is Bitfarms under- or over-valued?
Valuing Bitfarms stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Bitfarms's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Bitfarms's P/E ratio
Bitfarms's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 25x. In other words, Bitfarms stocks trade at around 25x recent earnings.
Bitfarms's EBITDA
Bitfarms's EBITDA (earnings before interest, taxes, depreciation and amortisation) is CADC$90.7 million.
The EBITDA is a measure of a Bitfarms's overall financial performance and is widely used to measure a its profitability.
Bitfarms financials
| Revenue TTM | CADC$169.5 million |
|---|---|
| Operating margin TTM | 40.05% |
| Gross profit TTM | CADC$111.1 million |
| Return on assets TTM | 14.28% |
| Return on equity TTM | 10.1% |
| Profit margin | 13.06% |
| Book value | C$2.169 |
| Market capitalisation | CADC$831.2 million |
TTM: trailing 12 months
Bitfarms stock dividends
We're not expecting Bitfarms to pay a dividend over the next 12 months. However, you can browse other dividend-paying stocks in our guide.
Bitfarms stock price volatility
Over the last 12 months, Bitfarms's stocks have ranged in value from as little as C$0 up to C$0. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a stocks volatility in relation to the market. The market (V average) beta is 1, while Bitfarms's is 1.9195. This would suggest that Bitfarms's stocks are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Bitfarms overview
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.
Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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