Bitfarms Ltd. operates digital and energy infrastructure, with a primary focus on high-performance computing (HPC) and artificial intelligence (AI) workloads in North America, Canada, and the United States. It primarily owns and operates data centers housing computers to validate transactions on the bitcoin blockchain, as well as sells computational power used for hashing calculations for cryptocurrency mining in multiple jurisdictions. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was formerly known as Bitfarms Technologies Ltd and changed its name to Bitfarms Ltd. in October 2018. The company was founded in 2017 and is based in Toronto, Canada.
Financial Outlook | Analysts set price targets ranging from $2.30 to $5.00, with an average of $3.70, reflecting varied perspectives on Bitfarms' growth potential and market position. |
Operational Efficiency | Delve into Bitfarms' impressive efficiency gains, reaching its year-end target of 21 watts per terahash, despite challenges in meeting hash rate goals. |
Strategic Acquisition | Explore the transformative $125 million all-stock deal with Stronghold Digital Mining, marking Bitfarms' entry into power generation and energy trading. |
Mining Mammoth | Bitfarms Ltd. emerges as a Bitcoin mining powerhouse, with ambitious expansion plans set to triple its capacity and potentially position it among the top five global miners. |
Metrics to compare | KEEL | Peers Peers - average of corresponding metrics from companies closely matching KEEL: | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipKEELPeersSector |
|---|---|---|---|---|
P/E Ratio | −5.7x | 0.0x | 12.7x | |
PEG Ratio | 0.01 | 0.00 | 0.01 | |
Price / Book | 2.1x | 0.0x | 2.4x | |
Price / LTM Sales | 5.2x | 0.0x | 2.3x | |
Upside (Analyst Target) | 203.0% | 0.0% | 26.9% | |
Fair Value Upside | Unlock | 0.0% | 3.4% | Unlock |