Bitfarms Ltd. (BITF)
Bitfarms Ltd. operates in the Financial - Capital Markets industry of the Financial Services sector, headquartered in Toronto, ON, CA. The stock last traded at $2.16, up 9.09% on the session, giving a market capitalisation of $1.30B. On trailing twelve-month figures it carries a trailing P/E of -2.88, a net margin of -282.9%. Its beta of 3.72 implies it has historically moved more than the broad market.
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 most often compared with the following Financial Services names: