B. Riley Comments on Bitfarms’ FY2025 Earnings (NASDAQ:BITF)

Bitfarms Ltd. (NASDAQ:BITF) – B. Riley upped their FY2025 EPS estimates for shares of Bitfarms in a research note issued on Wednesday, December 18th. B. Riley analyst L. Pipes now expects that the company will earn ($0.01) per share for the year, up from their prior estimate of ($0.05). The consensus estimate for Bitfarms’ current full-year earnings is ($0.21) per share. B. Riley also issued estimates for Bitfarms’ FY2026 earnings at $0.01 EPS.

BITF has been the topic of a number of other research reports. Stifel Canada upgraded shares of Bitfarms from a “hold” rating to a “moderate buy” rating in a report on Friday, November 22nd. HC Wainwright reissued a “buy” rating and set a $4.00 price target on shares of Bitfarms in a research report on Thursday, November 14th. Cantor Fitzgerald restated an “overweight” rating and set a $5.00 price objective on shares of Bitfarms in a research report on Thursday, October 3rd. Finally, Alliance Global Partners initiated coverage on Bitfarms in a report on Wednesday, December 4th. They issued a “buy” rating and a $6.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $4.05.

Bitfarms Trading Up 6.3 %

NASDAQ:BITF opened at $1.69 on Monday. The stock has a fifty day simple moving average of $2.06 and a 200 day simple moving average of $2.25. The company has a quick ratio of 3.68, a current ratio of 3.70 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $765.46 million, a price-to-earnings ratio of -4.69 and a beta of 3.59. Bitfarms has a 1-year low of $1.52 and a 1-year high of $3.91.

Institutional Trading of Bitfarms

Large investors have recently made changes to their positions in the stock. Chesapeake Capital Corp IL grew its holdings in Bitfarms by 27.9% during the third quarter. Chesapeake Capital Corp IL now owns 22,000 shares of the company’s stock valued at $50,000 after purchasing an additional 4,800 shares during the last quarter. Gladstone Institutional Advisory LLC grew its stake in Bitfarms by 3.2% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 159,550 shares of the company’s stock valued at $337,000 after buying an additional 5,000 shares during the last quarter. HighTower Advisors LLC bought a new position in Bitfarms in the 3rd quarter worth $25,000. WINTON GROUP Ltd acquired a new position in Bitfarms during the 2nd quarter worth $38,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Bitfarms by 22.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,562 shares of the company’s stock valued at $176,000 after acquiring an additional 15,167 shares during the period. Institutional investors own 20.59% of the company’s stock.

Bitfarms Company Profile

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.