We rank companies based on fund manager, research analyst and news sentiment
BITF

Bitfarms
BITF

$1.89
9.24%
 

About: Bitfarms Ltd engaged in the cryptocurrency Mining industry mainly consists of selling its computational power used for hashing calculations for cryptocurrency mining in multiple jurisdictions. Its geographic operations are currently located in Canada, the United States, Argentina, and Paraguay. It owns and operates server farms comprised of computers designed to validate transactions on the Bitcoin Blockchain.

Employees: 170

0
Funds holding %
of 6,474 funds
0
Analysts bullish %
of 11 analysts
0
News positive %
of 21 articles

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

277% more capital invested

Capital invested by funds: $45.9M [Q3] → $173M (+$127M) [Q4]

162% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 13

95% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 21

84% more call options, than puts

Call options by funds: $15.9M | Put options by funds: $8.65M

23% more funds holding

Funds holding: 92 [Q3] → 113 (+21) [Q4]

5.78% more ownership

Funds ownership: 15.66% [Q3] → 21.43% (+5.78%) [Q4]

Research analyst outlook

11 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$2
6%
upside
Avg. target
$3.18
68%
upside
High target
$4
112%
upside

11 analyst ratings

11 positive
100%
neutral
0%
negative
0%
Cantor Fitzgerald
Josh Siegler
112%upside
$4
Overweight
Reiterated
1 Apr 2024
Cantor Fitzgerald
Josh Siegler
112%upside
$4
Overweight
Reiterated
28 Mar 2024
HC Wainwright & Co.
Kevin Dede
112%upside
$4
Buy
Reiterated
26 Mar 2024
Cantor Fitzgerald
Josh Siegler
112%upside
$4
Overweight
Maintained
8 Mar 2024
HC Wainwright & Co.
Kevin Dede
112%upside
$4
Buy
Reiterated
8 Mar 2024

Financial journalist opinion

Based on 21 articles about BITF published over the past 30 days