BITF

Bitfarms
BITF

$2.69

5.43%

Market Cap: 1.11B

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 6,702 funds

0

Analysts bullish %

of 12 analysts

0

News positive %

of 25 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

277% more call options, than puts

Call options by funds: $32.8M | Put options by funds: $8.72M

100% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 24

71% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 17

10% more funds holding

Funds holding: 116 [Q4 2023] → 128 (+12) [Q1 2024]

0.04% less ownership

Funds ownership: 21.45% [Q4 2023] → 21.41% (-0.04%) [Q1 2024]

9% less capital invested

Capital invested by funds: $173M [Q4 2023] → $158M (-$15M) [Q1 2024]

See Fund Rankings

Research analyst outlook

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

Low target

$3

12%

upside

Avg. target

$4

49%

upside

High target

$5

86%

upside

12 analyst ratings

12 positive

100%

0 neutral

0%

0 negative

0%

HC Wainwright & Co. Mike Colonnese	49%upside $4	Buy Reiterated	18 Jul 2024
HC Wainwright & Co. Mike Colonnese	49%upside $4	Buy Reiterated	9 Jul 2024
HC Wainwright & Co. Mike Colonnese	49%upside $4	Buy Reiterated	17 Jun 2024
Cantor Fitzgerald Josh Siegler	86%upside $5	Overweight Assumed	11 Jun 2024
HC Wainwright & Co. Mike Colonnese	49%upside $4	Buy Assumed	4 Jun 2024

See Analyst Rankings

Financial journalist opinion

Based on 25 articles about BITF published over the past 30 days

3 Speculative Stocks to Buy Before They Go Ballistic

Even with a small exposure, speculative stocks can greatly impact the portfolio. With the markets anticipating rate cuts, higher trading and speculative activity is likely.

3 Speculative Stocks to Buy Before They Go Ballistic

Bitfarms Announces Toronto Stock Exchange Deferral of Consideration of Shareholder Rights Plan

This news release constitutes a “designated news release” for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023.

Bitfarms Announces Toronto Stock Exchange Deferral of Consideration of Shareholder Rights Plan

3 Stocks Under $15 That Could Make You a Millionaire

Lately, the stock market has been soaring thanks mostly to growth stocks trading at sky-high valuations. While rate cuts could potentially boost markets, caution is still warranted for most investors.

3 Stocks Under $15 That Could Make You a Millionaire

Bitfarms Issues Statement Regarding Decision by Capital Markets Tribunal of the Ontario Securities Commission

- Announces Adoption of New Shareholder Rights Plan - - Reiterates Commitment to Maximize Value for All Shareholders -

Bitfarms Issues Statement Regarding Decision by Capital Markets Tribunal of the Ontario Securities Commission

Tribunal terminates Bitfarms' 'poison pill' against Riot

Bitcoin miner Riot Platforms said on Wednesday the Ontario Capital Markets Tribunal terminated rival Bitfarms' attempt to adopt a "poison pill" to thwart its acquisition.

Tribunal terminates Bitfarms' 'poison pill' against Riot

3 Meme Stocks to Buy and Hold for Potential 300% Returns in 3 Years

Since 2021, meme stocks have been massive wealth creators for high-risk investors. During this period, dozens of meme stocks have delivered 5x to 10x returns within a few quarters.

3 Meme Stocks to Buy and Hold for Potential 300% Returns in 3 Years

3 Meme Stocks to Buy for Multibagger Returns Before the End of 2024

Besides the economic benefits, easy money policy is likely to translate into higher a level of speculative activity. Meme and penny stocks are therefore likely to be in the limelight.

3 Meme Stocks to Buy for Multibagger Returns Before the End of 2024

Bitfarms' Newly Appointed CEO to Participate Today in a Fireside Chat Hosted by H.C. Wainwright

TORONTO, Ontario and BROSSARD, Québec, July 17, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, announces its participation in a virtual fireside chat hosted by H.C.

Bitfarms' Newly Appointed CEO to Participate Today in a Fireside Chat Hosted by H.C. Wainwright

3 Rate-Sensitive Meme Stocks to Buy Before the First Rate Cut

The likelihood of a rate cut in the coming quarters is the biggest catalyst for equities. Higher interest rates have impacted consumption and investment spending.

3 Rate-Sensitive Meme Stocks to Buy Before the First Rate Cut

3 Small-Cap Stocks to Buy With Explosive Growth Potential

Small-cap growth stocks give investors an opportunity for exposure to some of the best stories at an early stage. Without a doubt, there is hesitation in taking a big plunge as the risk is high.

3 Small-Cap Stocks to Buy With Explosive Growth Potential

See News Rankings