Bitfarms Ltd.

🇨🇦Canada
BITF
Website@Bitfarms_io

BTC Holdings

1166

Share Price
$1.28

Current trading price per share

Market Cap
$711M

Total market capitalization

Enterprise Value
$693M

Market cap plus debt minus cash

NAV Multiple
5.233

Net Asset Value multiplier

BTC / Market Cap
19.1%

Bitcoin holdings as % of market cap

About Bitfarms Ltd.
Bitfarms Ltd., listed on Nasdaq and the Toronto Stock Exchange with the ticker BITF, is a global Bitcoin mining and blockchain infrastructure company headquartered in Brossard, Quebec. Founded in 2017, Bitfarms leveraged Canada’s abundant hydroelectric power to establish itself as a leader in sustainable cryptocurrency mining. Its core operations focus on operating energy-efficient mining facilities, securing the Bitcoin network, and providing high-performance computing services, with data centers spanning North and South America.
The company employs a Bitcoin treasury strategy, retaining mined Bitcoin as a strategic reserve to diversify its financial portfolio and hedge against inflation, aligning its operations with Bitcoin’s value proposition. Beyond treasury management, Bitfarms pursues a broader digital asset strategy, optimizing mining infrastructure and exploring blockchain applications for energy management and decentralized finance, reinforcing its role in the evolving digital economy.
Led by CEO Ben Gagnon, a seasoned expert in blockchain technology, Bitfarms maintains a strong industry presence through its scalable operations and commitment to renewable energy. Its leadership drives innovation in mining efficiency and strategic expansions, positioning the company as a key player in the global Bitcoin ecosystem. By prioritizing sustainability and technological advancement, Bitfarms ensures long-term relevance in the dynamic landscape of digital assets and decentralized finance.

Recent Developments

  • May 13, 2025: Bitcoin holdings increased by 14.00 BTC to 1166 BTC with cost basis of $102.8K (BTC @ $1.09)
  • Feb 5, 2025: Bitcoin holdings increased by 218.00 BTC to 1152 BTC with cost basis of $97.8K (BTC @ $1.48)
  • Jan 2, 2025: Bitcoin holdings increased by 64.00 BTC to 934 BTC with cost basis of $96.2K (BTC @ $1.49)
  • Nov 30, 2024: Bitcoin holdings decreased by 277.00 BTC to 870 BTC with cost basis of $96.7K (BTC @ $2.15)
  • Sep 30, 2024: Bitcoin holdings increased by 44.00 BTC to 1147 BTC with cost basis of $64K (BTC @ $2.25)
Bitfarms Ltd. — Bitcoin Holdings Over Time
1y - Present
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Bitfarms Ltd. — Stock vs BTC Dynamics
1y - Present
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Balance Sheet History
Date
BTC Balance
Change (BTC)
Cost Basis
Market Price
Stock Price
May 13, 2025
1,166
14
$102.8K$1.09
Feb 5, 2025
1,152
218
$97.8K$1.48
Jan 2, 2025
934
64
$96.2K$1.49
Nov 30, 2024
870
-277
$96.7K$2.15
Sep 30, 2024
1,147
44
$64K$2.25
Aug 31, 2024
1,103
87
$59.2K$2.16
Jul 31, 2024
1,016
111
$66K$2.52
Jun 30, 2024
905
55
$61.5K$2.57
May 31, 2024
850
20
$68K$2.25
Apr 30, 2024
830
24
$61.8K$1.89
Mar 31, 2024
806
2
$70.5K$2.23
Feb 1, 2024
804
419
$42.5K$2.33
Mar 20, 2023
385
-20
$28.2K$0.88
Dec 31, 2022
405
-2,896
$16.6K$0.44
Dec 31, 2021
3,301
3,301
$47.2K$5.12