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Upturn AI SWOT - About
Bitfarms Ltd (BITF)
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Upturn Advisory Summary
03/18/2025: BITF (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -24.26% | Avg. Invested days 21 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/18/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 456.96M USD | Price to earnings Ratio - | 1Y Target Price 3.32 |
Price to earnings Ratio - | 1Y Target Price 3.32 | ||
Volume (30-day avg) 32974601 | Beta 3.98 | 52 Weeks Range 0.72 - 3.28 | Updated Date 04/4/2025 |
52 Weeks Range 0.72 - 3.28 | Updated Date 04/4/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.13 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-03-27 | When - | Estimate -0.04 | Actual 0.03 |
Profitability
Profit Margin -28.03% | Operating Margin (TTM) -29.66% |
Management Effectiveness
Return on Assets (TTM) -12.38% | Return on Equity (TTM) -11.98% |
Valuation
Trailing PE - | Forward PE 84.03 | Enterprise Value 328272753 | Price to Sales(TTM) 2.37 |
Enterprise Value 328272753 | Price to Sales(TTM) 2.37 | ||
Enterprise Value to Revenue 1.7 | Enterprise Value to EBITDA 4.42 | Shares Outstanding 553644032 | Shares Floating 462564343 |
Shares Outstanding 553644032 | Shares Floating 462564343 | ||
Percent Insiders 18.88 | Percent Institutions 26.07 |
Analyst Ratings
Rating 4.75 | Target Price 4.29 | Buy 2 | Strong Buy 6 |
Buy 2 | Strong Buy 6 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Bitfarms Ltd
Company Overview
History and Background
Bitfarms Ltd. was founded in 2017 and is a global Bitcoin mining company. It began as a small private company and has grown through strategic expansions and acquisitions to become a publicly traded firm. It focuses on environmentally friendly energy sources for its mining operations.
Core Business Areas
- Bitcoin Mining: Bitfarms' primary business is Bitcoin mining, securing the Bitcoin network and earning block rewards and transaction fees.
- Hosting Services: Bitfarms provides hosting services for other Bitcoin mining operations, providing infrastructure and support.
Leadership and Structure
The leadership team consists of a CEO, CFO, and a board of directors. The company is structured with operational teams managing mining facilities and support staff handling finance, technology, and legal matters.
Top Products and Market Share
Key Offerings
- Bitcoin Mining: Bitcoin mining is Bitfarms' main revenue driver. Specific market share data is difficult to obtain, but Bitfarms contributes to the global Bitcoin hashrate. Competitors include Marathon Digital Holdings, Riot Platforms, and CleanSpark. Revenue is highly dependent on Bitcoin price and mining difficulty.
- Hosting Services: Bitfarms also provide hosting services, for Bitcoin mining equipment. Specific market share data is limited, but this represents a smaller, but reliable revenue stream. Competitors in this market include Core Scientific and Compute North.
Market Dynamics
Industry Overview
The Bitcoin mining industry is competitive and rapidly evolving, influenced by Bitcoin price, mining difficulty, regulatory changes, and technological advancements.
Positioning
Bitfarms positions itself as a sustainable and efficient Bitcoin miner, emphasizing renewable energy sources and cost-effective operations. Their focus is to increase the revenue share of the total market.
Total Addressable Market (TAM)
The total addressable market is tied to the total value of Bitcoin that can be mined and transaction fees. It is difficult to predict. Bitfarms is positioned to capture a share of the TAM based on its hashrate and efficiency.
Upturn SWOT Analysis
Strengths
- Environmentally Conscious Operations
- Efficient Mining Infrastructure
- Experienced Management Team
- Strategic Locations
- Strong focus on operational efficiency
Weaknesses
- High dependence on Bitcoin price
- Vulnerability to regulatory changes
- High energy consumption
- Exposure to Bitcoin network difficulty fluctuations
Opportunities
- Expansion into new geographical regions
- Adoption of more efficient mining technologies
- Increased institutional investment in Bitcoin
- Diversification into related blockchain services
Threats
- Increased competition in the Bitcoin mining industry
- Potential for Bitcoin price crashes
- Changes in government regulations
- Technological advancements rendering mining equipment obsolete
Competitors and Market Share
Key Competitors
- MARA
- RIOT
- CLSK
Competitive Landscape
Bitfarms competes based on mining efficiency, energy costs, and operational scale. Advantages include environmentally friendly operations and experienced management. Disadvantages include dependence on Bitcoin price.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Bitfarms has grown rapidly in terms of hashrate and mining capacity since its inception.
Future Projections: Future growth projections depend on Bitcoin price, mining difficulty, and the company's ability to expand its operations efficiently. Analyst estimates are needed for specific projections.
Recent Initiatives: Recent initiatives include expanding mining facilities, securing renewable energy sources, and investing in new mining hardware.
Summary
Bitfarms, a Bitcoin mining company, is significantly exposed to Bitcoin price volatility. Its focus on renewable energy and efficient mining operations gives it an advantage. The company's financial performance is closely tied to the price of Bitcoin and regulatory landscape. Key watch-outs include increased competition and potential regulatory challenges. Its future growth depends on strategic execution and a favorable Bitcoin market.
Similar Companies
CLSK
CleanSpark Inc
CLSK
CleanSpark Inc
HUT
Hut 8 Corp. Common Stock
HUT
Hut 8 Corp. Common Stock
MARA
Marathon Digital Holdings Inc
MARA
Marathon Digital Holdings Inc
RIOT
Riot Blockchain Inc
RIOT
Riot Blockchain Inc
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
- Analyst Research
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual research and consultation with a financial advisor. Market share percentages are estimates and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Bitfarms Ltd
Exchange NASDAQ | Headquaters Toronto, ON, Canada | ||
IPO Launch date 2018-08-28 | CEO - | ||
Sector Financial Services | Industry Capital Markets | Full time employees - | Website https://www.bitfarms.com |
Full time employees - | Website https://www.bitfarms.com | ||
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was formerly known as Bitfarms Technologies Ltd and changed its name to Bitfarms Ltd. in October 2018. The company was founded in 2017 and is based in Toronto, Canada.
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