Bitfarms Ltd. (BITF) Stock Analysis & Investment Frameworks
Bitfarms Ltd. (BITF) stock analysis on Invetso. Review Bitfarms Ltd.’s key financial metrics, company overview and 10 institutional-grade investment frameworks including SWOT Analysis, Economic Moat, Porter’s Five Forces and the Invetso Quality Score.
Bitfarms Ltd. Company Overview
- Exchange: NASDAQ Global Market
- Sector: Technology
- Industry: Information Technology Services
- Country: CA
Bitfarms Ltd. Key Financial Metrics
- Market Cap: $1.30B
- Revenue: $229.28M
- ROE: -104.21%
- ROIC: -23.30%
- Dividend Yield: N/A
About Bitfarms Ltd.
Bitfarms Ltd. operates an enterprise focused on the extraction of various digital currencies across North America. The company maintains and runs its own data centers, primarily dedicated to verifying transactions on the Bitcoin Blockchain, from which it obtains cryptocurrency through block rewards and associated transaction fees. In addition to its mining operations, Bitfarms provides electrical contracting services to commercial and residential customers throughout Quebec, Canada. It also offers hosting facilities for external cryptocurrency mining equipment. Founded in 2017, the company maintains its corporate headquarters in Toronto, Canada.