Bitfarms (BITF)

• Market cap: $637M
• 1 day: 7.48%
• 5 days: 0.88%
• 1 month: 39.02%
• 3 months: -17.86%
• 6 months: -46.76%
• Year to date: -28.57%
• 1 year: -34.66%
• 5 years: -70.96%
• 10 years: -70.96%
• 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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

206% more call options, than puts

Call options by funds: $21.9M | Put options by funds: $7.18M

61% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 31

21% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 29

4.78% more ownership

Funds ownership: 16.79% [Q3] → 21.57% (+4.78%) [Q4]

2% more funds holding

Funds holding: 144 [Q3] → 147 (+3) [Q4]

5% less capital invested

Capital invested by funds: $160M [Q3] → $152M (-$8.18M) [Q4]

Research analyst outlook

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

• Low target: $3.50 204% upside
• Avg. target: $3.50 204% upside
• High target: $3.50 204% upside

1 analyst rating

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

HC Wainwright & Co. Mike Colonnese 41% 1-year accuracy 24 / 59 met price target

204% upside $3.50

Buy Maintained

27 Mar 2025