Bitfarms Ltd.

Toronto Stock Exchange BITF.TO

Bitfarms Ltd. Net Income Margin for the year ending December 31, 2023: -71.08%

Bitfarms Ltd. Net Income Margin is -71.08% for the year ending December 31, 2023. Net Income Ratio, also known as the profit margin, is the ratio of net income to net sales, showing the percentage of revenue that remains as profit after all expenses are deducted.

Bitfarms Ltd. Net Income Margin for the year ending December 31, 2021 was 13.08%, a 127.93% change year over year.
Bitfarms Ltd. Net Income Margin for the year ending December 31, 2020 was -46.82%, a -820.43% change year over year.
Bitfarms Ltd. Net Income Margin for the year ending December 31, 2019 was 6.50%, a 123.46% change year over year.

Key data

Date	Net Income Margin	EBITDA Margin	EBIT Margin	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

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