Bitfarms Reports Third Quarter 2024 Results
Bitfarms Ltd. (BITF)
Company Research
Source: GlobeNewswire
- Revenue of $45 million, up 8% Q/Q and up 30% Y/Y - - Gross mining margin of 38%, compared to 51% in Q2 2024 and 44% in Q3 2023 - - Current hashrate of 11.9 EH/s, up from 10.4 EH/s in Q2 2024 - - Current efficiency of 21 w/TH, a 16% improvement from June 30, 2024 - - Synthetic HODL increased to 802 at October 31, 2024 from 208 long-dated BTC call options at June 30, 2024, up 286% - This news release constitutes a “designated news release” for the purposes of the Company’s amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF), a global vertically integrated Bitcoin data center company, reported its financial results for the third quarter ended September 30, 2024. All financial references are in U.S. dollars. During the quarter, Bitfarms continued
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BITF
News
- Do Redditors Think That Bitfarms Ltd. (BITF) Has a Big Upside Potential? [Yahoo! Finance]Yahoo! Finance
- Tribunal rules crypto company’s takeover defence offside [Investment Executive - News]Investment Executive - News
- Bitfarms Announces Results of Special Meeting of Shareholders [Canadian Business Journal (Canada)]Canadian Business Journal
- Bitfarms Announces Results of Special Meeting of ShareholdersGlobeNewswire
- Market movers: Stocks seeing action on Wednesday - and why [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
BITF
Sec Filings
- 11/13/24 - Form 6-K
- 11/12/24 - Form 6-K
- 11/7/24 - Form 144
- BITF's page on the SEC website