Bitfarms Ltd.

Toronto Stock Exchange BITF.TO

Bitfarms Ltd. Gross Profit for the year ending December 31, 2023: USD -21.50 M

Bitfarms Ltd. Gross Profit is USD -21.50 M for the year ending December 31, 2023. Gross profit is the difference between revenue and the cost of revenue, representing the profit earned from core business operations.

Bitfarms Ltd. Gross Profit for the year ending December 31, 2021 was USD 110.83 M, a 5,924.01% change year over year.
Bitfarms Ltd. Gross Profit for the year ending December 31, 2020 was USD -1.90 M, a -135.00% change year over year.
Bitfarms Ltd. Gross Profit for the year ending December 31, 2019 was USD 5.44 M, a -50.01% change year over year.

Key data

Date	Gross Profit	Operating Income	EBIT	EBITDA

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