Bitfarms Ltd.

Toronto Stock Exchange BITF.TO

Bitfarms Ltd. Debt to Equity Ratio for the year ending December 31, 2023: 0.07

Bitfarms Ltd. Debt to Equity Ratio is 0.07 for the year ending December 31, 2023, a -73.50% change year over year. Debt to equity ratio represents the financing from debt versus equity. Higher ratio indicates more debt reliance, suggesting potential risk.

Bitfarms Ltd. Debt to Equity Ratio for the year ending December 31, 2022 was 0.25, a 26.85% change year over year.
Bitfarms Ltd. Debt to Equity Ratio for the year ending December 31, 2021 was 0.20, a -89.08% change year over year.
Bitfarms Ltd. Debt to Equity Ratio for the year ending December 31, 2020 was 1.84, a 132.50% change year over year.
Bitfarms Ltd. Debt to Equity Ratio for the year ending December 31, 2019 was 0.79, a 610.01% change year over year.

Key data

Date	Debt to Equity Ratio	Debt to Income Ratio	Debt to Tangible Net Worth Ratio	Dividend Coverage Ratio

Toronto Stock Exchange: BITF.TO

Bitfarms Ltd.

CEO	Mr. Benjamin Gagnon
IPO Date	July 16, 2019
Location	Canada
Headquarters	18 King Street East
Employees	170
Sector	Technology
Industries Crypto Mining Bitcoin & Crypto Blockchain

Description

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. 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 founded in 2017 and is headquartered in Toronto, Canada.

Key trends

Past 5 years