Bitfarms Ltd

NASDAQ BITF

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Bitfarms Ltd Retained Earnings To Equity Ratio 1 year YoY Change (%) for the Trailing 12 Months (TTM) ending March 31, 2024: -4.41%

Bitfarms Ltd Retained Earnings To Equity Ratio 1 year YoY Change (%) is -4.41% for the Trailing 12 Months (TTM) ending March 31, 2024, a 99.71% change year over year. The retained earnings to equity ratio measures the proportion of a company's retained earnings to its shareholders' equity. It is calculated by dividing the retained earnings by the shareholders' equity. This ratio provides insights into the company's reinvestment of earnings and the level of retained profits relative to shareholders' equity. A higher ratio suggests a higher proportion of earnings being retained for reinvestment or future distribution to shareholders. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.
  • Bitfarms Ltd Retained Earnings To Equity Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was -0.77, a -1,510.66% change year over year.
  • Bitfarms Ltd Retained Earnings To Equity Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was -0.05, a 93.61% change year over year.
  • Bitfarms Ltd Retained Earnings To Equity Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was -0.75, a -103.44% change year over year.
  • Bitfarms Ltd Retained Earnings To Equity Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was -0.37, a -45.08% change year over year.
NASDAQ: BITF

Bitfarms Ltd

CEO Mr. Nicolas Bonta
IPO Date Aug. 28, 2018
Location Canada
Headquarters 18 King Street East, Toronto, ON, Canada, M5C 1C4
Employees 170
Sector Financial Services
Industry Capital markets
Description

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. 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 based in Toronto, Canada.

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StockViz Staff

September 20, 2024

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