BITF Stock Summary and Trading Ideas (Bitfarms Ltd. | NASDAQ:BITF)

Bitfarms Ltd engaged in the cryptocurrency Mining industry mainly consists of selling its computational power used for hashing calculations for cryptocurrency mining in multiple jurisdictions. Its geographic operations are currently located in Canada, the United States, Argentina, and Paraguay. It owns and operates server farms comprised of computers designed to validate transactions on the Bitcoin Blockchain.

Bitfarms Ltd. trades on the NASDAQ stock market under the symbol BITF.

As of March 14, 2025, BITF stock price climbed to $1.11 with 22,238,247 million shares trading.

BITF has a market cap of $548.09 million. This is considered a Small Cap stock.

Last quarter Bitfarms Ltd. reported $45 million in Revenue and -$.08 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.02.

In the last 3 years, BITF traded as high as $4.38 and as low as $.38.

The top ETF exchange traded funds that BITF belongs to (by Net Assets): DAPP, WGMI, BKCH, KOMP, STCE.

BITF has underperformed the market in the last year with a return of -49.8%, while the SPY ETF gained +11.0%. In the last 3 month period, BITF fell short of the market, returning -42.5%, while SPY returned -6.5%. However, in the most recent 2 weeks BITF has outperformed the stock market by returning -4.3%, while SPY returned -5.3%.

BITF support price is $1.02 and resistance is $1.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BITF shares will trade within this expected range on the day.