BITF Stock: Bitfarms Ltd. Stock Price, Analysis & Insights
Get live bitf stock price $2.23, comprehensive Bitfarms Ltd. stock analysis, charts, news, and expert forecast. Real-time bitf stock data and investment insights.
Company Overview
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.
Company Information
- CEO
- Benjamin J. Gagnon
- Sector
- Financial Services
- Industry
- Financial - Capital Markets
- Employees
- 170
Contact Information
- Website
- https://www.bitfarms.com
- Address
- 18 King Street East
- Country
- CA
Investment Analysis & Insights
Key Investment Highlights
- Market Position: Financial Services leader with 1.23B market capitalization
- Trading Volume: 138.42M shares traded today
- Price Range: 52-week range of $0.67 - $2.76
- Exchange: Listed on NASDAQ Global Market
Financial Metrics
Market Analysis for Bitfarms Ltd.
Bitfarms Ltd. (BITF) operates in the Financial - Capital Markets industry within the Financial Services sector. With a current market capitalization of 1.23B, the company represents a significant player in its market. The stock is currently trading at $2.23 with a positivedaily change of 9.31%.
The company's 170 employee base and presence on the NASDAQ Global Marketexchange position it as a Financial Services sector leader. Investors should consider the stock's P/E ratio of -13.94, beta of 4.10, and 52-week price range from $0.67 to $2.76when evaluating investment opportunities.
Why Invest in Bitfarms Ltd.?
Strengths
- • Established market presence in Financial Services
- • Strong financial metrics and market position
- • Listed on major exchange (NASDAQ Global Market)
- • Experienced leadership under Benjamin J. Gagnon
Investment Considerations
- • Monitor sector-specific market trends
- • Track quarterly earnings performance
- • Consider market volatility and beta
- • Evaluate long-term growth potential
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About Financial Services Sector
The Financial Services sector includes companies that provide banking, insurance, investment, and other financial services to consumers and businesses.