Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

General and administrative

Loss (gain) on disposition of digital assets

Loss (gain) on revaluation of digital assets

Loss (gain) on disposition of PP&E

Impairment on property, plant and equipment

Impairment reversal on property plant and equipment

Impairment on goodwill

Impairment on equipment and construction prepayments, property, plant and equipment and right-of-use assets

Impairment on short-term prepaid deposits, property, plant and equipment and assets held for sale

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Bitfarms Ltd

Bitfarms Ltd. owns and operates blockchain farms that power the global decentralized financial economy. It provides computing power to crypto currency networks such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash, earning fees from each network for securing and processing transactions. The company was founded by Emiliano Joel Grodzki and Nicolas Bonta in 2017 and is headquartered in Toronto, Canada.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q4 2023

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Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Bitfarms Ltd. (Canada) engages in the business of mining cryptocurrency. The firm is also involved in the ownership and operation of server farms comprised of computers designed for the purpose of validating transactions on the Bitcoin blockchain. The company was founded by Emiliano Joel Grodzki and Nicolas Bonta in 2017 and is headquartered in Toronto, Canada.

Cronos Group

Kinross Gold

When the overall market conditions are bullish, the movement in penny stocks is like the cryptocurrency world. Individual stocks can deliver multibagger returns in weeks.

3 Penny Stocks That Can Quadruple by 2025

Solid Power

Tilray Brands

In the entire history of financial markets, equities have never failed to make a strong comeback after a disappointing phase. Be it the Great Depression of 1929 or the financial crisis of 2008, equities have staged a smart comeback.

3 Penny Stocks Primed to Be 10-Baggers in 5 Years

Bitfarms Ltd. (NASDAQ:BITF ) Q1 2023 Earnings Conference Call May 15, 2023 11:00 AM ET Company Participants David Barnard - Investor Relations, LHA Investor Relations Geoff Morphy - President and Chief Executive Officer Jeff Lucas - Chief Financial Officer Conference Call Participants Bill Papanastasiou - Stifel Kevin Dede - H.C.

Bitfarms Ltd. (BITF) Q1 2023 Earnings Call Transcript

Bitfarms Ltd. (BITF) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03.

Bitfarms Ltd. (BITF) Reports Q1 Loss, Tops Revenue Estimates

Bitfarms (TSX-V:BITF) Ltd has announced that its first-quarter 2023 net loss narrowed to US$0.01 per share from an $0.08 per-share deficit during the previous quarter, as the Bitcoin (BTC) miner sped up its stated timeframe for reaching 6 exahash/second (EH/s) of computing power to the end of the third quarter from its previous goal of year's end. The company generated revenue of US$30 million during 1Q, up from US$27 million in 4Q but less than the US$40 million it recorded a year earlier.

Bitfarms sees narrower 1Q loss as it boosts 6 EH/s hashrate target timeline

Here is how Bitfarms Ltd. (BITF) and Bureau Veritas Registre International De Classification (BVRDF) have performed compared to their sector so far this year.

Is Bitfarms (BITF) Outperforming Other Business Services Stocks This Year?

Taboola

Valens Semiconductor Ltd

AppHarvest

Curaleaf Holdings, Inc.

Polestar Automotive Holding UK PLC

Waterdrop

Last year was the worst year for the markets since the financial crisis of 2008. While the index slipped, the correction was felt most in growth and penny stocks.

7 Penny Stocks That Are Flying Under the Radar (But Not For Long)

Workhorse Group

In morning trading on Thursday, the Dow Jones industrials were down 1.14%, the S&P 500 down 0.64% and the Nasdaq 0.19% lower.

Earnings Previews: Bitfarms, Workhorse

Bit Digital, Inc

Hive Blockchain Technologies Ltd

It's easy to find penny crypto stocks to buy, but deciding which ones can be a challenge. Another potentially big crypto bull market is underway and has been led by Bitcoin ( BTC-USD ) surging higher by 75% for year-to-date 2023.

3 Penny Crypto Stocks That Will Surge in a Crypto Bull Market

There is no debate on the point that finding the best penny stocks to buy is a high-risk proposition. This is particularly true for purely speculative penny stocks to buy.

7 Penny Stocks With Huge Return Potential for Long-Term Investors

Leonardo DRS Inc

MakeMyTrip

The efficient market hypothesis states that share prices reflect all information. Therefore, the basic assumption is that a given company's share price trades at fair value.

3 Hidden-Gem Stocks for Multibagger Returns Potential

This news release constitutes a “designated news release” for purposes of the Company's prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021. TORONTO, Ontario and BROSSARD, Québec, May 01, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd.

Bitfarms Mines 379 BTC in April

This news release constitutes a “designated news release” for purposes of the Company's prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021.

Bitfarms Regains Compliance with Nasdaq Continued Listing Requirements

This news release constitutes a “designated news release” for purposes of the Company's prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021 This news release constitutes a “designated news release” for purposes of the Company's prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021

Bitfarms Achieves Hashrate All Time High of 5.0 EH/s

ProShares Bitcoin Strategy ETF

Marathon Digital Holdings

The recent Bitcoin ( BTC-USD ) might have cooled down, with the price dropping well below $30,000. But I believe this rally is unlikely to be the last of it for BTC — conditions seem perfect for another rally in the near future, which could be hugely beneficial for crypto stocks.

3 Crypto Stocks to Buy to Profit From the Bitcoin Rally

Will begin drawing electricity from private power provider at an expected price below $0.03 per KWh Will begin drawing electricity from private power provider at an expected price below $0.03 per KWh

Bitfarms Receives Permit To Power Up To 100 MW In Argentina

I believe that there are penny stocks to buy in Q2 for a potential double from current levels. The first quarter of 2023 has not been easy for money making.

3 Penny Stocks to Buy for 100% Returns in Q2

Hut 8 Mining Corp

Riot Blockchain

Bitcoin is down more than 3% today and is now below the $30,000 level. The U.S. Dollar Index rose and some new data today bolstered the chances of the Federal Reserve raising interest rates in May.

Why Shares of Riot Platforms, Hut 8 Mining, and Bitfarms Are Falling Today

Penny stock investing peaked in 2021 and was a massive wealth creator for high-risk takers. Given the macroeconomic scenario, investors are inclined to remain overweight on blue-chip stocks and quality growth stocks.

3 Penny Stocks That Can Deliver 10x Returns

Stifel GMP analysts published a research note Tuesday on Bitfarms (TSX-V:BITF) Ltd, after the publicly-traded Bitcoin mining company announced an agreement to acquire 22 megawatts (MW) of hydroelectric power capacity from a local utility company in Quebec for total consideration of US$1.8 million while also securing a 10-year lease agreement. The analysts said Quebec remains an attractive region for Bitcoin mining operations given the abundance of hydroelectric generation and sustainably low power rates and, as a result, Bitfarms (TSX-V:BITF) has continued to strategically expand its foothold and remains a leader in the province with an active mining capacity of ~3.65 exahashes per second (EH/s) and power contracts secured for up to 182MW capacity (once the deal closes).

Bitfarms remains a Bitcoin mining leader in Quebec after recent power deal, say Stifel analysts

TORONTO, Ontario and BROSSARD, Québec, April 12, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin vertically integrated company, announced that management will be participating in-person at the Ladenburg Thalmann Technology Expo 2023 on Thursday, April 27, 2023.

Bitfarms to Participate in the Ladenburg Thalmann Technology Expo 2023

Canaan Inc.

CleanSpark

The price of Bitcoin moved past $30,000 today for the first time in 10 months. CleanSpark announced the purchase of 45,000 new Bitcoin-mining machines that will significantly increase its computing power.

Why Shares of Canaan, CleanSpark, and Bitfarms Are Rising Today

Bitfarms Enters Agreements to Acquire 22 Megawatts of Hydro Power Capacity in Baie-Comeau, Quebec

Harmony Gold Mining Co Ltd

While some of the top penny stocks to buy carry risk, there are still plenty of opportunities to be found. In fact, today, my focus is on some thrilling penny stocks that investors may want to consider at current levels.

7 Thrilling Penny Stocks for Aggressive Investors to Buy

Bitfarms (TSX-V:BITF) received a ‘Speculative Buy' rating and a $2 target price from analysts at Stifel GMP as the brokerage kicked off coverage of the low-cost crypto miner.  With a long-standing track record as a proof-of-work mining company, analysts at Stifel said Bitfarms has strategically established a footprint of 10 facilities across geographically diverse regions that provide access to sustainably low-cost, surplus electricity.

Bitfarms gets ‘Speculative Buy' from Stifel in initial coverage

News for Bitfarms Ltd Stock (BITF)