Bitfarms Ltd.

BITF

CA09173B1076

Blockchain & Cryptocurrency

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-05-28 pm EDT			5-day change	1st Jan Change
3.01 ^CAD	+5.24%		+18.04%	-21.82%

May. 28	Riot Platforms Discloses Proposal to Acquire Rival Bitcoin Miner Bitfarms	MT
May. 28	Sector Update: Financial Stocks Retreat Late Afternoon	MT

Bitfarms Ltd. Reports Operating Results for the First Quarter Ended March 31, 2024

May 15, 2024 at 07:10 am EDT

Bitfarms Ltd. reported operating results for the first quarter ended March 31, 2024. Current hashrate of 7.0 EH/s, up from 6.5 EH/s in first quarter 2024. Averaged 10.4 BTC per day in daily production for first quarter 2024.

Latest news about Bitfarms Ltd.

Riot Platforms Discloses Proposal to Acquire Rival Bitcoin Miner Bitfarms	May. 28	MT
Sector Update: Financial Stocks Retreat Late Afternoon	May. 28	MT
Sector Update: Financial Stocks Decline Tuesday Afternoon	May. 28	MT
Sector Update: Financial	May. 28	MT
Riot Proposes $2.30 per Share to Acquire Bitfarms in Cash, Stock Deal	May. 28	MT
Riot Platforms proposes to buy crypto miner Bitfarms, becomes largest shareholder	May. 28	RE
Nasdaq-Listed Riot Platforms Offers to Buy Crypto Miner Bitfarms For US$2.30 Per Share; BITF Up 9% at US$2.21 In US Premarket	May. 28	MT
Riot Proposes to Acquire Bitfarms for $2.30 Per Share	May. 28	MT
Riot Proposes to Acquire Bitfarms for $2.30 Per Share	May. 28	MT
Riot Platforms proposes to buy crypto miner Bitfarms	May. 28	RE
Bitfarms Brief: Intends to Requisition a Special Meeting of Bitfarms' Shareholders to Add New Independent Directors to Bitfarms' Board	May. 28	MT
Bitfarms Brief: Riot Has Acquired a 9.25% Stake to Become Bitfarms' Largest Shareholder	May. 28	MT
Bitfarms Brief: Reflecting a 24% Premium to Bitfarms' One-Month Volume Weighted Average Price	May. 28	MT
Bitfarms Brief: Nasdaq-listed Riot Platforms Proposes to Acquire Bitfarms for US$2.30 Per Share	May. 28	MT
Riot Platforms, Inc. cancelled the acquisition of remaining 90.75% stake in Bitfarms Ltd. for approximately $830 million.	May. 27	CI
B. Riley Lowers Price Target on Bitfarms to $3 From $4, Maintains Buy Rating	May. 17	MT
Toronto Stocks Edge Up; Boyd Group Services Down on 1Q Earnings Decline, 2Q Outlook	May. 15	DJ
This bodes well for rate cuts	May. 15
Bitfarms Q1 Net Loss Widens 62%, Revenue Up 67%	May. 15	MT
Transcript : Bitfarms Ltd., Q1 2024 Earnings Call, May 15, 2024	May. 15
Bitfarms Ltd. Provides Operating Guidance for the Second Quarter of 2024 and Year 2024	May. 15	CI
Bitfarms Ltd. Reports Operating Results for the First Quarter Ended March 31, 2024	May. 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	May. 15	MT
Bitfarms Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 15	CI
Riot Platforms, Inc. made a proposal to acquire remaining 90.75% stake in Bitfarms Ltd..	May. 14	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

2024-05-31 - Annual General Meeting

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Ratings for Bitfarms Ltd.

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Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.207 USD

Average target price

5.141 USD

Spread / Average Target

+132.92%

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Cryptocurrency Mining

Bitfarms Ltd.

Equities

BITF

CA09173B1076

Blockchain & Cryptocurrency

Bitfarms Ltd. Reports Operating Results for the First Quarter Ended March 31, 2024

EPS Revisions