Bitfarms Reports Fourth Quarter 2024 Results
Bitfarms Ltd. (BITF)
Company Research
Source: GlobeNewswire
- 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- This news release constitutes a “designated news release” for the purposes of the Company’s second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, March 27, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF), a global vertically integrated Bitcoin data center company, reported its financial results for the fourth quarter ended December 31, 2024. All financial references are in U.S. dollars. CEO Ben Gagnon stated, “Bitfarms is a completely different company than we were at the beginning of 2024. Across nearly every
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- Bitfarms (BITF) Stock Deserves Higher Multiple as Q3 Earnings Show Strategic Pivot to High-Margin AI Energy Facilities [Yahoo! Finance Canada]Yahoo! Finance Canada
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- Here's Why Bitfarms Slumped More Than 8% Today [Yahoo! Finance]Yahoo! Finance
- Bitfarms Stock: The Bitcoin Mining Play to Watch [Yahoo! Finance]Yahoo! Finance
- Solo Bitcoin Miner Beats the Odds, Winning $282K Reward [Yahoo! Finance]Yahoo! Finance
BITF
Sec Filings
- 11/17/25 - Form 6-K
- 11/13/25 - Form 6-K
- 11/13/25 - Form 6-K
- BITF's page on the SEC website