Bitfarms Ltd. (BITF) Stock
Bitfarms Ltd. operates an enterprise focused on the extraction of various digital currencies across North America.
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About Bitfarms Ltd.
Bitfarms Ltd. operates an enterprise focused on the extraction of various digital currencies across North America. The company maintains and runs its own data centers, primarily dedicated to verifying transactions on the Bitcoin Blockchain, from which it obtains cryptocurrency through block rewards and associated transaction fees. In addition to its mining operations, Bitfarms provides electrical contracting services to commercial and residential customers throughout Quebec, Canada. It also offers hosting facilities for external cryptocurrency mining equipment. Founded in 2017, the company maintains its corporate headquarters in Toronto, Canada.
Bitfarms Ltd. is headquartered in CA.
Bitfarms Ltd. (BITF) stock trades at $2.16 with a market capitalization of $1.30B. The stock is valued at a price-to-earnings (P/E) ratio of -6.75, price-to-book of 6.72, price-to-sales of 14.14. Over the past 52 weeks the stock has ranged between $0.67 and $6.60, and currently trades 67.3% below its 52-week high.
On profitability, Bitfarms Ltd. generates a return on equity (ROE) of -69.94%, return on capital employed of -16.92%, an operating margin of -85.44%, a net profit margin of -197.58%.
Official website: www.bitfarms.com