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. 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 January 16, 2026, BITF stock price climbed to $2.95 with 40,953,080 million shares trading.

BITF has a beta of 2.02, meaning it tends to be more sensitive to market movements. BITF has a correlation of 0.09 to the broad based SPY ETF.

BITF has a market cap of $1.76 billion. This is considered a Small Cap stock.

Last quarter Bitfarms Ltd. reported $69 million in Revenue and -$.08 earnings per share. This fell short of revenue expectation by $-15 million and missed earnings estimates by -$.06.

In the last 3 years, BITF traded as high as $6.60 and as low as $.67.

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

BITF has outperformed the market in the last year with a price return of +76.6% while the SPY ETF gained +17.9%. However, in the short term, BITF had mixed performance relative to the market. It has underperformed in the last 3 months, returning -54.4% vs +4.3% return in SPY. But in the last 2 weeks, BITF shares have fared better than the market returning +25.5% compared to SPY +1.4%.

BITF support price is $2.67 and resistance is $3.01 (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.