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

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

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

- Increases hashrate 44% YOY to 6.5 EH/s at Dec. 31, 2023, exceeding guidance -- Expands total contracted capacity to 593 MW at Dec. 31, 2023 -- On track to achieve 12 EH/s and 25 w/TH fleet efficiency in Q2 2024 -- Optionality to achieve 17 EH/s and 23 w/TH fleet efficiency in 2024 -

Bitfarms Earns 446 BTC in December 2023 and 4,928 BTC for the Full Year 2023

Hecla Mining

Tilray Brands

As an investor, I would like to start the year on a high note. There would be no better deal than having a few stocks in the portfolio that skyrocket in the first few months of the year.

3 Hot Penny Stocks That Can Double in the First Quarter of 2024

CleanSpark

Riot Blockchain

Investing in blockchain stocks can be a great way to add a growth dimension to your portfolio. Next year's cryptocurrency rally with a speculated Bitcoin ( BTC-USD ) ETF in the cards and the halving event could end up being explosive.

Blockchain Builders: 3 Stocks Innovating With Blockchain Technology

Spok Holdings

Zymeworks Inc

In the pulsating realm of small-cap stocks, a select few emerge as trailblazers, poised to revolutionize industries and redefine investment landscapes. Enter the triumphant trio of three under-the-radar companies orchestrating remarkable healthcare, biotechnology and cryptocurrency mining feats.

From $10k to $100k in 5 years: 3 Small-Cap Stocks to Make a Fortune

EVgo

Terran Orbital Corp

As the year ends, penny stocks for 2024 are increasingly catching the eye of investors seeking high-growth opportunities in a market brimming with potential. Despite high-interest rates, rising inflation, and possible recession fears, penny stocks are gaining momentum.

Why These 3 Penny Stocks Should Be on Your Radar in 2024

Luminar Technologies

Penny growth stocks are perhaps the best asset you can choose if you want to chase outsized long-term gains without taking massive risks or going too much into speculative territory. Combining high growth potential with the low share prices of pennies — especially ones that are undervalued — can uncover some of the best deals on the market.

3 Hidden-Gem Penny Growth Stocks With 1,000% Upside

ACM Research

Talkspace

Investing in small-cap stocks with growth potential is for those looking to leverage the potential of young companies on the cusp of substantial growth. Often, these stocks are uncharted but brim with potential.

3 Small-Cap Stocks With Substantial Growth Potential fo 2024

Archer Aviation

Kinross Gold

If we look at penny stocks or stocks trading under $10, it's been a mixed year in terms of returns. This is unlike 2021 when low-priced stocks had a broad-based rally.

3 Stocks Under $10 That Can Triple in 2024

Cipher Mining

In the relentless and dynamic waves of the cryptocurrency market, the resilience and adaptability of key players hold the essence of value growth. Amidst the volatile realm of digital currencies, three distinct names illuminate the landscape with their strategic moves and operational prowess.

3 Cryptocurrency-Related Stocks to Ride the Next Crypto Wave

Blink Charging

IAMGOLD

Some investors prefer to look only at fundamentals for making an investment decision. Yet, others solely rely on technicals for trading.

3 Penny Stocks With Strong Technical Charts

Blade Air Mobility

Plug Power

Solid Power

Standard Lithium Ltd

Yatra Online

In general, portfolio stocks are from the blue-chip space along with high-quality growth stocks. On the other hand, penny stocks aren't largely a trading option for the majority of investors.

7 Penny Stocks to Turn $100,000 Into $1 Million: December 2023

Applied Blockchain Inc

Symbotic Inc

2023 has seen a revival in the speculative stocks category. After a dismal 2022, many more adventurous parts of the market are back on the upswing.

3 Speculative Stocks That Are About to Get Absolutely Crushed

Curaleaf Holdings, Inc.

Considering the broad market outlook, I believe it's a good time to buy potential multibagger penny stocks with an investment horizon of 24 months. There is a strong case for multiple rate cuts in 2024 and potentially in 2025 to avoid a recession.

3 High-Potential Penny Stocks That Can Be 5-Baggers by 2025

Inmode Ltd

InMode is a medical device company that could benefit from more weight-loss treatments entering the market. Bitfarms has been having a great year due to the rising popularity of crypto, and that trend could continue into 2024.

2 Small-Cap Stocks With Big Potential in 2024

Eventbrite

Playstudios

Many bargain-priced mid-cap and micro-cap penny stocks are trading at highly-discounted levels right now. With the recent cooler-than-expected PCE inflation read, markets are now pricing in just a 2.5% chance of another Fed rate hike.

Have $10? These 3 Stocks Have 5-Year 10X Potential

Within the  penny stocks space, there seem to be a lot of stories that can do 5x or 10x in the coming years. However, not all stocks fire and exposure to penny stocks involves high risk.

3 Penny Stocks With a Potential Catalyst for 5-Bagger Returns

- Miners purchased for H1 2024 upgrade plan to 12 MW -- Increases hashrate 2% in the month to 6.4 EH/s –- Finalizing contract to increase Paso Pe, Paraguay from 50 MW to 70 MW -

Bitfarms Earns 392 BTC in November 2023

New Pacific Metals Corp

Ring Energy

Penny stocks are well known for some exciting price action. It's therefore not surprising that penny stocks are the favourites for short term traders and speculators.

7 Penny Stocks That Could Be Multibaggers in the Making

Rolls-Royce Holdings PLC

Penny stocks are typically stocks that are trading under $5 per share. They offer investors who may not have a large amount of capital to invest in the stock market an opportunity to make substantial gains over time.

If You Can Only Buy One Penny Stock in December, It Better Be One of These 3 Names

TORONTO, Ontario and BROSSARD, Québec, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, is pleased to announce that it has closed its previously announced private placement of equity securities (the “Offering”). The Offering was for gross proceeds of approximately C$60 million and consisted of the sale of 44,444,446 common shares, along with warrants to purchase an aggregate of up to 22,222,223 common shares, at a purchase price of C$1.35 per common share and associated one-half warrant. The warrants have an exercise price of C$1.61 (US$1.17) per common share and exercise period of three years (through November 28, 2026). The funds were raised via a fully subscribed private placement of equity securities among U.S. institutional investors.

Bitfarms Announces Closing of C$60 Million Private Placement with U.S. Institutional Investors

- Purchases 35,888 Bitmain T21 miners to be delivered and installed in H1 2024 -- Provides Q2 2024 guidance of 310 MW and 12 EH/s at 25 w/TH -- Secures option for an additional 28,000 T21 miners to achieve 17 EH/s in H2 2024 -- Schedules special conference call for November 28, 2023 at 8:30 am ET -

Bitfarms Initiates Transformative Fleet Upgrade that Supports 17 EH/s and 391 MW in 2024

Cronos Group

Nordic American Tankers

Wallbox NV

The year has been a mixed bag for undervalued penny stocks as investors continue to remain cautious. I believe that even 2024 will be a year of careful stock selection than a broad-based rally across sectors and stocks.

The 7 Most Undervalued Penny Stocks to Buy Now: November 2023

TORONTO, Ontario and BROSSARD, Québec, Nov. 24, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, announces it has entered into subscription agreements with certain institutional investors for gross proceeds of approximately C$60 million in a private placement in the United States, comprised of 44,444,446 common shares at C$1.35 per common share along with warrants to purchase an aggregate of up to 22,222,223 common shares. The warrants have an exercise price of C$1.61 (US$1.17) per common share and exercise period of three years. The net proceeds of the private placement will be used by the Company mainly to acquire additional miners, expand infrastructure, and improve its working capital position.

Bitfarms Announces C$60 Million Private Placement with U.S. Institutional Investors

Vertical Aerospace Ltd

Micro-cap stocks are defined as companies with a market valuation of $50 to $300 million. These stocks, therefore, represent early-stage companies with a small equity base.

3 Micro-Cap Stocks With 10-Bagger Potential

Value penny stocks have been associated with blockbuster returns in bull markets. Back in 2021, many penny stocks doubled or tripled in a matter of weeks.

7 Value Penny Stocks to Multiply Your Investment

News for Bitfarms Ltd Stock (BITF)