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NASDAQ:BITF
Bitfarms LTD (BITF)
Financials 
Technical Analysis 
Jun 23, 2026, 12:00 amThis summary was created by AI, based on 2 opinions in the last 12 months.
Bitfarms Ltd., a prominent cryptocurrency mining company, focuses on large-scale operations designed for optimal cost and energy efficiency. Operating mining farms primarily in Canada and South America, the company benefits from favorable climates and energy resources, which help minimize operational expenses. Recently, Bitfarms reported a revenue of $78 million, reflecting a 16.4% increase from the prior quarter, suggesting a growing demand for its mining services. Additionally, social media mentions have surged by 25% in the last 24 hours, indicating heightened public interest. However, despite this revenue growth, experts emphasize the importance of achieving positive free cash flows and profitability, implying that while the momentum is encouraging, caution is warranted regarding its long-term outlook.
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BITF saw a large move up from September 9 until today, and we note that many other bitcoin miners (many are also now AI data center plays) also rose from that date. September 9 is also when NBIS reported its partnership with MSFT, and the stock rose dramatically. We think the BITF move is mostly tied to positive sentiment around data center plays, and while sales growth is decent, it still does not generate positive free cash flows, and we would like to see it continue its trend towards profitability. There is a high level of short interest around these bitcoin miner/AI names, and we think there is upside potential if bitcoin and AI data centers see positive momentum. We would be cautious around some of these names, but the momentum is good.
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Bitfarms LTD (BITF) Frequently Asked Questions
What is Bitfarms LTD stock symbol?
Bitfarms LTD is a American stock, trading under the symbol BITF (previously BITF-Q on Stockchase) on the NASDAQ (BITF). It is usually referred to as NASDAQ:BITF or BITF
Is Bitfarms LTD a buy or a sell?
In the last year, 2 stock analysts issued a Buy, Sell, or Hold rating on BITF (previously BITF-Q on Stockchase). 2 analysts recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is PARTIAL BUY. Read the latest stock experts' ratings for Bitfarms LTD.
Is Bitfarms LTD a good investment or a top pick?
Bitfarms LTD was recommended as a Top Pick by Stockchase Insights on 2025-09-17. Read the latest stock experts ratings for Bitfarms LTD.
Why is Bitfarms LTD stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Bitfarms LTD.
Is Bitfarms LTD worth watching?
Bitfarms LTD is followed by 25 investors on Stockchase and is a trending stock that is worth watching.
What is Bitfarms LTD stock price?
On 2026-04-02, Bitfarms LTD (BITF) stock closed at a price of $1.96.
Bitfarms Ltd. is a cryptocurrency mining company that operates one of the largest publicly-traded crypto mining for Bitcoin. The company is focused primarily on achieving large scale setups optimized for cost and energy efficiency. Bitfarms operates mining farms in Canada and South America, leveraging favorable climate conditions and energy sources to keep operational costs low. The company aims for growth through strategic acquisitions and expansions into new regions. Bitfarms reported a revenue of 78M, which is a 16.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction. Social media mentions are up 25% in the past 24h.