BITF

Company Overview — What Does Bitfarms Ltd Do?

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. Bitfarms Ltd (BITF) is classified as a small-cap stock in the Financials sector, specifically within the Banking industry. The company is led by CEO Emiliano J. Grodzki and employs approximately 110 people. With a market capitalization of $1.2B, BITF is one of the notable companies in the Financials sector.

Bitfarms Ltd (BITF) Stock Rating — Reduce (April 2026)

As of April 2026, Bitfarms Ltd receives a Reduce rating with a composite score of 33.6/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.BITF ranks #3,488 out of 4,446 stocks in our coverage universe. Within the Financials sector, Bitfarms Ltd ranks #785 of 891 stocks, placing it in the lower half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

BITF Stock Price and 52-Week Range

Bitfarms Ltd (BITF) currently trades at $2.32. The stock lost $0.05 (2.1%) in the most recent trading session. The 52-week high for BITF is $6.60, which means the stock is currently trading -64.8% from its annual peak. The 52-week low is $0.67, putting the stock 244.7% above its annual trough. Recent trading volume was 27.3M shares, indicating strong institutional interest and high liquidity.

Is BITF Overvalued or Undervalued? — Valuation Analysis

Bitfarms Ltd (BITF) carries a value factor score of 26/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 2.13x, versus the sector average of 1.22x. The price-to-sales ratio is 1.30x, compared to 0.90x for the average Financials stock. On an enterprise value basis, BITF trades at 8.36x EV/EBITDA, versus 3.26x for the sector.

At current multiples, Bitfarms Ltd trades at a premium to most Financials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Bitfarms Ltd Profitability — ROE, Margins, and Quality Score

Bitfarms Ltd (BITF) earns a quality factor score of 27/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -203.1%, compared to the Financials sector average of 8.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -87.8% versus the sector average of 1.2%.

On a margin basis, Bitfarms Ltd reports gross margins of -8.3%. The operating margin is -65.3% (sector: 21.8%). Net profit margin stands at -124.1%, versus 17.7% for the average Financials stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

BITF Debt, Balance Sheet, and Financial Health

Bitfarms Ltd has a debt-to-equity ratio of 119.0%, compared to the Financials sector average of 121.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 5.58x, indicating strong short-term liquidity. Total debt on the balance sheet is $669M. Cash and equivalents stand at $60M.

BITF has a beta of 2.66, meaning it is more volatile than the broader market — a $10,000 investment in BITF would be expected to move 166.3% more than the S&P 500 on any given day. The stability factor score for Bitfarms Ltd is 16/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Bitfarms Ltd Revenue and Earnings History — Quarterly Trend

In TTM 2026, Bitfarms Ltd reported revenue of $229M and earnings per share (EPS) of $-0.52. Net income for the quarter was $-285M. Gross margin was -8.3%. Operating income came in at $-150M.

In FY 2025, Bitfarms Ltd reported revenue of $229M and earnings per share (EPS) of $-0.52. Net income for the quarter was $-285M. Gross margin was -8.3%. Revenue grew 18.9% year-over-year compared to FY 2024. Operating income came in at $-150M.

In FY 2024, Bitfarms Ltd reported revenue of $193M and earnings per share (EPS) of $-0.13. Net income for the quarter was $-54M. Gross margin was -16.8%. Revenue grew 31.8% year-over-year compared to FY 2023. Operating income came in at $-108M.

In FY 2023, Bitfarms Ltd reported revenue of $146M and earnings per share (EPS) of $-0.42. Net income for the quarter was $-109M. Gross margin was -14.7%. Revenue grew 2.8% year-over-year compared to FY 2022. Operating income came in at $-72M.

Over the past 7 quarters, Bitfarms Ltd has demonstrated a growth trajectory, with revenue expanding from $35M to $229M. Investors analyzing BITF stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

BITF Dividend Yield and Income Analysis

Bitfarms Ltd (BITF) does not currently pay a dividend. This is common among smaller companies in the Banking industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Financials dividend stocks may want to explore other Financials stocks or use the stock screener to filter by dividend yield.

BITF Momentum and Technical Analysis Profile

Bitfarms Ltd (BITF) has a momentum factor score of 60/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 17/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 33/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

BITF vs Competitors — Financials Sector Ranking and Peer Comparison

Within the Financials sector, Bitfarms Ltd (BITF) ranks #785 out of 891 stocks based on the Blank Capital composite score. This places BITF in the lower half of all Financials stocks in our coverage universe. Key competitors and sector peers include WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 62.9/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.6/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, International General Insurance Holdings Ltd. (IGIC) with a score of 61.3/100, and PARKE BANCORP, INC. (PKBK) with a score of 60.4/100.

Comparing BITF against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full BITF vs S&P 500 (SPY) comparison to assess how Bitfarms Ltd stacks up against the broader market across all factor dimensions.

BITF Next Earnings Date

No upcoming earnings date has been announced for Bitfarms Ltd (BITF) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy BITF? — Investment Thesis Summary

The quantitative profile for Bitfarms Ltd suggests caution. The quality score of 27/100 flags below-average profitability. The value score of 26/100 indicates premium valuation. Price momentum is positive at 60/100, suggesting the trend favors buyers. High volatility (stability score 16/100) increases portfolio risk.

In summary, Bitfarms Ltd (BITF) earns a Reduce rating with a composite score of 33.6/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on BITF stock.

Related Resources for BITF Investors

Explore more research and tools: BITF vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare BITF head-to-head with peers: BITF vs WTM, BITF vs OPY, BITF vs ACT.