Bitfarms .(BITF)

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Wall Street Bulls Look Optimistic About Bitfarms (BITF): Should You Buy?
ZACKS· 2025-03-27 14:30
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Bitfarms Ltd. (BITF) .Bitfarms currently has an average brokerage recommen ...
Bitfarms Ltd. (BITF) Tops Q4 Earnings and Revenue Estimates
ZACKS· 2025-03-27 13:25
Bitfarms Ltd. (BITF) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.04 per share. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 175%. A quarter ago, it was expected that this company would post a loss of $0.12 per share when it actually produced a loss of $0.09, delivering a surprise of 25%.Over the last four quarters, the company has s ...
Bitfarms .(BITF) - 2024 Q4 - Earnings Call Presentation
2025-03-27 12:33
Q4 & FY 2024 Earnings Presentation March 27, 2025 Safe Harbor Statement Certain information in this presentation, including market and industry data, was obtained by Bitfarms Ltd. ("Bitfarms" or the "Company") from publicly available and other third-party sources, as well as Bitfarms' good faith estimates. While the Company believes the information was prepared by reputable sources, the Company did not independently verify the information or the underlying assumptions. No representation or warranty is made ...
Bitfarms Reports Fourth Quarter 2024 Results
GlobeNewswire· 2025-03-27 11:00
- Revenue of $56 million, up 21% Y/Y - - Gross mining margin of 47%, down from 57% from Q4 2023 - - 18.6 EHuM up 186% from Q4 2023- - Current efficiency of 19w/TH a 45% improvement from Q4 2023- -Total energy pipeline of ~1.4 GW, ~80% based in the U.S.- -Completed acquisition of Stronghold Digital Mining & sale of Yguazu, Paraguay data center- "While we remain confident in the significant upside potential of our BTC mining operations and continue to maximize the value of our assets, our revenue diversificat ...
Bitfarms Appoints James Bond as Senior Vice President of High-Performance Computing
Newsfilter· 2025-03-26 11:00
Core Insights - Bitfarms Ltd. has appointed James Bond as Senior Vice President of High-Performance Computing (HPC) to lead its HPC/AI strategy [1][5] - Mr. Bond has over 20 years of experience in HPC/AI and previously led a $2 billion HPC/AI infrastructure platform at Hewlett Packard Enterprise (HPE) [2][5] - The company aims to leverage its 1.1GW secured power pipeline in Pennsylvania to develop a scalable HPC/AI business [5] Company Overview - Bitfarms is a global Bitcoin and vertically integrated data center company founded in 2017, operating 15 Bitcoin data centers across the U.S., Canada, Paraguay, and Argentina [6][7] - The company focuses on sustainable energy sources, primarily hydro-electric power, to operate its mining facilities [7] Leadership Background - James Bond has a strong background in public sector solution architecture and IT infrastructure, having previously worked at HPE and Apptix [2][3] - He has been involved in product development, engineering, and marketing, and is recognized as a thought leader in the HPC/AI space [4] Strategic Goals - The appointment of Mr. Bond is seen as critical for Bitfarms to enhance its HPC/AI capabilities and drive growth [5] - The company plans to utilize its existing data centers and power capacity to create a high-performance computing infrastructure for AI solutions [5]
Rosen Law Firm Encourages Bitfarms Ltd. Investors to Inquire About Securities Class Action Investigation - BITF
Prnewswire· 2025-03-25 22:22
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Bitfarms due to allegations of materially misleading business information being issued to the investing public [1] Group 1: Legal Action and Compensation - Shareholders who purchased Bitfarms securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees or costs [2] - The Rosen Law Firm is preparing a class action to seek recovery of investor losses [2] Group 2: Financial Restatement - On December 9, 2024, Bitfarms announced a restatement of its previously issued financial statements for the fiscal years ended December 31, 2023, and 2022 due to a material error in the classification of proceeds from the sale of digital assets [3] - The company also stated that it would restate its financials to correct an error in the accounting for the redemption of warrants in 2023 [3] - Following this announcement, Bitfarms' stock experienced a 6% decline on December 10, 2024 [3] Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time and has been ranked highly for its success in securities class action settlements [4] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering investor losses [4]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bitfarms Ltd. - BITF
Prnewswire· 2025-03-25 16:42
NEW YORK, March 25, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Bitfarms Ltd. ("Bitfarms" or the "Company") (NASDAQ: BITF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Bitfarms and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On December 9, 2024, Bitf ...
Bitfarms Ltd. Announcement: If You Have Suffered Losses in Bitfarms Ltd.
GlobeNewswire News Room· 2025-03-20 22:13
NEW YORK, March 20, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Bitfarms Ltd. (NASDAQ: BITF) resulting from allegations that Bitfarms may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Bitfarms securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangemen ...
Bitfarms Investor News: Rosen Law Firm Encourages Bitfarms Ltd. Investors to Inquire About Securities Class Action Investigation - BITF
Prnewswire· 2025-03-19 22:57
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Bitfarms due to allegations of materially misleading business information issued by the company [1] Group 1: Investigation and Legal Action - Shareholders who purchased Bitfarms securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees [2] - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to Bitfarms [2] Group 2: Financial Restatement - On December 9, 2024, Bitfarms announced a restatement of its consolidated financial statements for the fiscal years ended December 31, 2023, and 2022 due to a material error in the classification of proceeds from the sale of digital assets [3] - The company also stated it would restate its financials to correct an error in the accounting for the redemption of warrants in 2023 [3] - Following this announcement, Bitfarms' stock price fell by 6% on December 10, 2024 [3] Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4] - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [4] - In 2019, the firm secured over $438 million for investors [4]
Bitfarms Schedules Fourth Quarter and Full Year 2024 Conference Call on March 27, 2025
GlobeNewswire· 2025-03-19 18:24
TORONTO, Ontario, March 19, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin and vertically integrated data center company, will report its fourth quarter and full year 2024 financial results on Thursday, March 27 before the market opens. Management will host a conference call on the same day at 8:00 am EST. All Q4 2024 materials will be available before the call and can be accessed on the ‘Financial Results’ section of the Bitfarms investor site. The live webcast and a webcast re ...