Financial Snapshot

Revenue
$172.7M
TTM
Gross Margin
-17.55%
TTM
Net Earnings
-$108.7M
TTM
Current Assets
$237.3M
Q2 2024
Current Liabilities
$46.43M
Q2 2024
Current Ratio
511.02%
Q2 2024
Total Assets
$535.9M
Q2 2024
Total Liabilities
$62.06M
Q2 2024
Book Value
$473.9M
Q2 2024
Cash
$138.6M
Q2 2024
P/E
-10.23
Nov 29, 2024 EST
Free Cash Flow
-$147.4M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $146.4M $142.4M $169.5M $34.70M $32.42M $33.81M $8.663M
YoY Change 2.76% -15.97% 388.4% 7.04% -4.09% 290.22%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $146.4M $142.4M $169.5M $34.70M $32.42M $33.81M $8.663M
Cost Of Revenue $167.9M $131.9M $58.37M $31.83M $20.98M $22.93M $1.349M
Gross Profit -$21.50M $10.52M $111.1M $2.873M $11.44M $10.88M $7.314M
Gross Profit Margin -14.69% 7.38% 65.56% 8.28% 35.28% 32.18% 84.43%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin $39.29M $51.51M $43.24M $8.250M $10.29M $8.815M $171.0K
YoY Change -23.71% 19.12% 424.1% -19.86% 16.78% 5054.97%
% of Gross Profit 489.69% 38.91% 287.16% 89.99% 81.04% 2.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $84.79M $72.42M $24.48M $11.49M $6.843M $12.55M $1.107M
YoY Change 17.07% 195.88% 113.09% 67.85% -45.47% 1033.51%
% of Gross Profit 688.53% 22.03% 399.79% 59.82% 115.36% 15.14%
Operating Expenses $39.29M $51.51M $43.24M $8.250M $10.29M $8.815M $422.0K
YoY Change -23.71% 19.12% 424.1% -19.86% 16.78% 1988.86%
Operating Profit -$60.79M -$40.99M $67.88M -$5.377M $1.145M $2.062M $6.892M
YoY Change 48.32% -160.38% -1362.45% -569.61% -44.47% -70.08%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017
Interest Expense $324.0K $34.48M $2.082M -$5.315M -$1.216M -$179.0K -$4.000K
YoY Change -99.06% 1556.24% -139.17% 337.09% 579.33% 4375.0%
% of Operating Profit 3.07% -106.2% -8.68% -0.06%
Other Income/Expense, Net -$19.80M -$6.923M -$23.09M -$4.071M -$357.0K
YoY Change 185.96% -70.01% 467.06% 1040.34%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017
Pretax Income -$104.4M -$256.5M $42.64M -$16.12M -$484.0K -$18.18M $6.888M
YoY Change -59.28% -701.5% -364.55% 3229.96% -97.34% -363.89%
Income Tax -$401.0K -$17.41M $20.51M $172.0K -$2.591M $59.00K $1.983M
% Of Pretax Income 48.1% 28.79%
Net Earnings -$104.0M -$239.1M $22.13M -$16.29M $2.899M -$9.363M $4.905M
YoY Change -56.48% -1180.21% -235.86% -661.88% -130.96% -290.89%
Net Earnings / Revenue -71.08% -167.84% 13.06% -46.94% 8.94% -27.7% 56.62%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.40 -$1.15 $130.6K -$191.8K $40.80K -$164.0K $85.94K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $30.89M $125.6M $5.947M $2.159M $552.0K $4.518M
YoY Change -75.41% 2011.91% 175.45% 291.12% -87.78%
Cash & Equivalents $30.89M $125.6M $5.947M $2.159M
Short-Term Investments
Other Short-Term Assets $20.85M $157.3M $1.652M $565.0K $1.362M $3.017M
YoY Change -86.75% 9419.92% 192.39% -58.52% -54.86%
Inventory $588.0K $548.0K $169.0K $135.0K $124.0K $431.0K
Prepaid Expenses
Receivables $701.0K $1.038M $1.103M $1.108M $912.0K $0.00
Other Receivables $16.07M $2.677M $297.0K $2.583M $345.0K $519.0K
Total Short-Term Assets $69.09M $287.1M $9.168M $6.550M $3.295M $8.485M
YoY Change -75.94% 3031.84% 39.97% 98.79% -61.17%
Property, Plant & Equipment $235.8M $146.2M $41.19M $44.01M $20.86M $21.34M
YoY Change 61.23% 255.09% -6.41% 110.94% -2.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $36.10M $88.51M $973.0K $1.624M $1.063M $0.00
YoY Change -59.21% 8996.61% -40.09% 52.78%
Total Long-Term Assets $274.0M $255.5M $42.54M $46.31M $22.94M $26.06M
YoY Change 7.26% 500.57% -8.14% 101.87% -11.99%
Total Assets $343.1M $542.6M $51.70M $52.86M $26.23M $34.55M
YoY Change
Accounts Payable $12.90M $9.873M $2.059M $2.287M $2.695M $4.454M
YoY Change 30.63% 379.5% -9.97% -15.14% -39.49%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $60.00M $0.00 $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $46.70M $14.60M $20.80M $1.620M $1.025M $0.00
YoY Change 219.82% -29.78% 1183.77% 58.05%
Total Short-Term Liabilities $67.24M $101.2M $28.48M $4.009M $4.656M $5.735M
YoY Change -33.54% 255.3% 610.33% -13.9% -18.81%
Long-Term Debt $18.31M $10.14M $7.571M $20.57M $693.0K $0.00
YoY Change 80.61% 33.89% -63.19% 2867.68%
Other Long-Term Liabilities $1.979M $239.0K $209.0K $193.0K $232.0K $207.0K
YoY Change 728.03% 14.35% 8.29% -16.81% 12.08%
Total Long-Term Liabilities $20.29M $10.38M $7.780M $20.76M $925.0K $207.0K
YoY Change 95.52% 33.37% -62.52% 2144.22% 346.86%
Total Liabilities $87.53M $120.0M $36.26M $24.77M $10.79M $6.644M
YoY Change -27.06% 230.98% 46.39% 129.55% 62.4%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.1111 Billion

About Bitfarms Ltd

Bitfarms Ltd. (Canada) engages in the business of mining cryptocurrency. The company is headquartered in Toronto, Ontario and currently employs 170 full-time employees. The company went IPO on 2019-07-16. The firm 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 Company’s proprietary data analytics system delivers operational performance and uptime. The firm operates through the cryptocurrency mining segment. The firm operates server farms comprised of computers (Miners) designed for the purpose of validating transactions on the Bitcoin (BTC) Blockchain (Mining). The firm 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 firm has 11 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.

Industry: Finance Services Peers: D-Wave Quantum Inc.