Bitfarms Ltd.

Bitfarms Ltd.verified

BITF

Price:

$1.79

Market Cap:

$811.78M

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.[Read more]

Industry

Financial - Capital Markets

IPO Date

2019-08-16

Stock Exchange

NASDAQ

Ticker

BITF

The ROE as of September 2024 (TTM) for Bitfarms Ltd. (BITF) is -30.99%

According to Bitfarms Ltd.’s latest financial reports and current stock price. The company's current ROE is -30.99%. This represents a change of 266.99% compared to the average of -8.44% of the last 4 quarters.

Bitfarms Ltd. (BITF) Historical ROE (quarterly & annually)

How has BITF ROE performed in the past?

The mean historical ROE of Bitfarms Ltd. over the last ten years is -37.83%. The current -30.99% ROE has changed -18.07% with respect to the historical average. Over the past ten years (40 quarters), BITF's ROE was at its highest in in the March 2018 quarter at 21.77%. The ROE was at its lowest in in the December 2018 quarter at -84.61%.

Quarterly (TTM)
Annual

Average

-37.83%

Median

-36.13%

Minimum

-105.45%

Maximum

18.21%

Bitfarms Ltd. (BITF) ROE by Quarter and Year

Discovering the peaks and valleys of Bitfarms Ltd. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 0%

Maximum Annual ROE = 18.21%

Minimum Annual Increase = -1886.13%

Minimum Annual ROE = -105.45%

Quarterly (TTM)
Annual
YearROEChange
2023-36.13%-61.38%
2022-93.54%-1886.13%
20215.24%-104.97%
2020-105.45%-1505.75%
20197.50%-112.37%
2018-60.63%-432.94%

Bitfarms Ltd. (BITF) Average ROE

How has BITF ROE performed in the past?

The current ROE of Bitfarms Ltd. (BITF) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

-41.48%

5-year avg

-44.48%

10-year avg

-37.83%

Bitfarms Ltd. (BITF) ROE vs. Peers

How is BITF’s ROE compared to its peers?

Bitfarms Ltd.’s ROE is greater than HIVE Blockchain Technologies Ltd. (-15.17%), greater than CleanSpark, Inc. (-14.56%), less than Marathon Digital Holdings, Inc. (21.92%), less than Riot Blockchain, Inc. (7.78%), less than Hut 8 Mining Corp. (27.17%), less than Bit Digital, Inc. (14.17%), greater than TeraWulf Inc. (-19.47%), less than Cipher Mining Inc. (3.41%), greater than Iris Energy Limited (-4.70%), greater than Stronghold Digital Mining, Inc. (-71.32%),

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