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
- Bitfarms Files Second Amended and Restated Prospectus Supplement for its Existing At-the-Market Equity Offering Program [Canadian Business Journal (Canada)]Canadian Business Journal
- Bitfarms Files Second Amended and Restated Prospectus Supplement for its Existing At-the-Market Equity Offering ProgramGlobeNewswire
- High Growth Tech Stocks To Watch For Potential Portfolio Boost [Yahoo! Finance]Yahoo! Finance
- Bitfarms Announces Restatement of Previously Issued Financial Statements [Canadian Business Journal (Canada)]Canadian Business Journal
- Bitfarms Announces Restatement of Previously Issued Financial StatementsGlobeNewswire
BITF
Sec Filings
- 12/20/24 - Form F-4/A
- 12/18/24 - Form SUPPL
- 12/18/24 - Form 6-K
- BITF's page on the SEC website