BitfarmsBITF
Market Cap: $910M
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
89% more call options, than puts
Call options by funds: $17.3M | Put options by funds: $9.13M
35% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 31
27% more capital invested
Capital invested by funds: $164M [Q1] → $209M (+$44.9M) [Q2]
16% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 25
3% more funds holding
Funds holding: 131 [Q1] → 135 (+4) [Q2]
1.77% less ownership
Funds ownership: 22.13% [Q1] → 20.36% (-1.77%) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Cantor Fitzgerald Brett Knoblauch 22% 1-year accuracy 17 / 77 met price target | 149%upside $5 | Overweight Reiterated | 3 Sept 2024 |
HC Wainwright & Co. Mike Colonnese 16% 1-year accuracy 7 / 44 met price target | 99%upside $4 | Buy Reiterated | 22 Aug 2024 |
HC Wainwright & Co. Mike Colonnese 16% 1-year accuracy 7 / 44 met price target | 99%upside $4 | Buy Reiterated | 12 Aug 2024 |
HC Wainwright & Co. Mike Colonnese 16% 1-year accuracy 7 / 44 met price target | 99%upside $4 | Buy Reiterated | 18 Jul 2024 |
HC Wainwright & Co. Mike Colonnese 16% 1-year accuracy 7 / 44 met price target | 99%upside $4 | Buy Reiterated | 9 Jul 2024 |
Financial journalist opinion
Based on 9 articles about BITF published over the past 30 days