Bitfarms remains independent after settling with Riot, stabilizing its leadership team. Q3 results showed 8% revenue growth, but increased costs per BTC due to April's halving and higher energy expenses. The company raised $240M YTD through share sales, with liquidity at $145M, but continued share dilution is expected to fund operations.
Bitfarms Ltd. (NASDAQ:BITF ) Q3 2024 Earnings Conference Call November 13, 2024 8:00 AM ET Company Participants Tracy Krumme - Senior Vice President-Investor Relations & Corporate Communications Ben Gagnon - Chief Executive Officer & Director Jeff Lucas - Chief Financial Officer Conference Call Participants Mike Colonnese - H.C.
Bitfarms Ltd. (BITF) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.12.
In the latest trading session, Bitfarms Ltd. (BITF) closed at $2.24, marking a -0.44% move from the previous day.
Bitfarms (BITF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Bitfarms (BITF) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Bitcoin miner Bitfarms said on Monday it had entered into a settlement agreement with rival and top shareholder Riot Platforms , under which Amy Freedman was appointed to its board.
Bitfarms Ltd. (BITF) reachead $2 at the closing of the latest trading day, reflecting a -1.48% change compared to its last close.
In the latest trading session, Bitfarms Ltd. (BITF) closed at $1.99, marking a -1% move from the previous day.
August 2024 was supposed to be a period of great optimism for the cryptocurrency and blockchain landscape. Although the vast use cases of blockchain technology are growing way beyond the confines of crypto, the price of Bitcoin ( BTC-USD ) will invariably have a major impact on the performance of stocks in the industry in the short term.
For crypto investors, blockchain stocks are important assets to consider. These publicly-traded companies provide liquid exposure to broader crypto trends.
Bitfarms Ltd. (NASDAQ:BITF ) Q2 2024 Earnings Conference Call August 8, 2024 8:00 AM ET Company Participants Ben Gagnon - Chief Executive Officer Jeff Lucas - Chief Financial Officer.