Bitfarms (NASDAQ:BITF) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Posted by Micah Haroldson on Mar 27th, 2025

Bitfarms (NASDAQ:BITF – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.07, Zacks reports. The company had revenue of $54.40 million during the quarter, compared to analysts’ expectations of $54.22 million. Bitfarms had a negative return on equity of 22.17% and a negative net margin of 69.08%.

Bitfarms Trading Down 3.5 %

Shares of BITF stock traded down $0.03 during trading hours on Thursday, hitting $0.95. 14,526,834 shares of the company were exchanged, compared to its average volume of 28,909,885. The company has a 50 day simple moving average of $1.30 and a two-hundred day simple moving average of $1.73. The firm has a market cap of $456.85 million, a P/E ratio of -2.65 and a beta of 3.68. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 3.70. Bitfarms has a fifty-two week low of $0.93 and a fifty-two week high of $3.28.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BITF shares. HC Wainwright dropped their price objective on shares of Bitfarms from $4.00 to $3.50 and set a “buy” rating for the company in a report on Thursday. Keefe, Bruyette & Woods started coverage on shares of Bitfarms in a report on Wednesday, January 8th. They set an “outperform” rating on the stock. Finally, Alliance Global Partners initiated coverage on shares of Bitfarms in a research note on Wednesday, December 4th. They issued a “buy” rating and a $6.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Bitfarms presently has a consensus rating of “Moderate Buy” and an average price target of $3.97.

Check Out Our Latest Stock Report on Bitfarms

Bitfarms Company Profile

(Get Free Report)

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.