Bitfarms (BITF)

• Market cap: $514M
• 1 day: -3.62%
• 5 days: -6.83%
• 1 month: -27.72%
• 3 months: -23.07%
• 6 months: -56.55%
• Year to date: -47.92%
• 1 year: -70.16%
• 5 years: -78.83%
• 10 years: -78.83%
• Sector: Financials
• Industry: Capital Markets

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. It owns and operates server farms comprised of computers designed to validate transactions on the Bitcoin Blockchain.

Employees: 170

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

63% more call options, than puts

Call options by funds: $4.02M | Put options by funds: $2.47M

41% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 32

7% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 30

2% less funds holding

Funds holding: 147 [Q4 2024] → 144 (-3) [Q1 2025]

4.68% less ownership

Funds ownership: 21.57% [Q4 2024] → 16.89% (-4.68%) [Q1 2025]

51% less capital invested

Capital invested by funds: $152M [Q4 2024] → $73.8M (-$78M) [Q1 2025]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $3.50 317% upside
• Avg. target: $3.50 317% upside
• High target: $3.50 317% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

HC Wainwright & Co. Mike Colonnese

317% upside $3.50

Buy Maintained

27 Mar 2025