The latest trading day saw Bitfarms Ltd. (BITF) settling at $1.27, representing a -3.79% change from its previous close.
In the latest trading session, Bitfarms Ltd. (BITF) closed at $1.04, marking a +1.96% move from the previous day.
Bitfarms Ltd. (BITF) closed the most recent trading day at $0.75, moving 6.24% from the previous trading session.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
After a volatile start to 2025, mainly driven by trade tariff uncertainty, investors are still looking for assets with strong upside potential.
Bitfarms Ltd. (NASDAQ:BITF ) Q1 2025 Earnings Conference Call May 14, 2025 8:00 AM ET Company Participants Tracy Krumme - SVP, IR & Corporate Communications Ben Gagnon - CEO & Director Jeffrey Lucas - CFO Conference Call Participants Mike Colonnese - H.C.
Bitfarms Ltd. (BITF) came out with a quarterly loss of $0.04 per share in line with the Zacks Consensus Estimate.
In the most recent trading session, Bitfarms Ltd. (BITF) closed at $1.08, indicating a +1.89% shift from the previous trading day.
Bitfarms Ltd. (BITF) closed the most recent trading day at $1.02, moving -0.97% from the previous trading session.
Bitfarms Ltd. (BITF) reachead $1.03 at the closing of the latest trading day, reflecting a +0.98% change compared to its last close.
Bitfarms has shifted from Bitcoin mining to an "energy and compute company," aiming to leverage its electrical capacity for AI data centers. Despite $135M in liquidity, capital expenditures make cash burn a concern, necessitating successful revenue generation from new ventures. The company's transformation introduces speculative risks, including potential share dilution and dependency on BTC pricing for the current operation.
Bitfarms' stock has plummeted nearly 50% in five months, underperforming peers, with a 65% drop from November highs. Q4-24 results show a 21% YoY revenue increase, but a 2% gross margin and a $16.4 million operating loss due to rising costs. Bitfarms sold its Paraguay mine for $85 million to HIVE Digital, reducing future capex needs by $325 million, and is pivoting to HPC/AI compute.