Northland Capmk Brokers Lift Earnings Estimates for Bitfarms

Bitfarms Ltd. (NASDAQ:BITF) – Northland Capmk boosted their Q1 2025 EPS estimates for Bitfarms in a report released on Wednesday, January 29th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings per share of ($0.01) for the quarter, up from their prior forecast of ($0.02). The consensus estimate for Bitfarms’ current full-year earnings is ($0.21) per share. Northland Capmk also issued estimates for Bitfarms’ Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.03 EPS, Q4 2025 earnings at $0.03 EPS and FY2025 earnings at $0.04 EPS.

Several other research firms have also recently issued reports on BITF. HC Wainwright reiterated a “buy” rating and issued a $4.00 price target on shares of Bitfarms in a report on Thursday, November 14th. Alliance Global Partners started coverage on shares of Bitfarms in a research note on Wednesday, December 4th. They issued a “buy” rating and a $6.00 target price on the stock. Stifel Canada raised shares of Bitfarms from a “hold” rating to a “moderate buy” rating in a research note on Friday, November 22nd. Keefe, Bruyette & Woods assumed coverage on shares of Bitfarms in a research note on Wednesday, January 8th. They issued an “outperform” rating on the stock. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $5.00 target price on shares of Bitfarms in a research report on Thursday, October 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $4.05.

Bitfarms Stock Up 4.2 %

Shares of BITF opened at $1.50 on Friday. The business’s fifty day moving average price is $1.78 and its two-hundred day moving average price is $2.05. Bitfarms has a 52 week low of $1.36 and a 52 week high of $3.91. The company has a current ratio of 3.70, a quick ratio of 3.68 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Bitfarms

Several institutional investors have recently modified their holdings of BITF. HighTower Advisors LLC bought a new stake in shares of Bitfarms during the third quarter worth $25,000. Money Concepts Capital Corp acquired a new stake in shares of Bitfarms in the 4th quarter valued at about $30,000. Guided Capital Wealth Management LLC bought a new stake in shares of Bitfarms in the fourth quarter valued at about $30,000. Lifeworks Advisors LLC acquired a new position in shares of Bitfarms during the third quarter worth about $37,000. Finally, Chesapeake Capital Corp IL grew its holdings in shares of Bitfarms by 27.9% during the third quarter. Chesapeake Capital Corp IL now owns 22,000 shares of the company’s stock worth $50,000 after buying an additional 4,800 shares in the last quarter. Institutional investors own 20.59% of the company’s stock.

About Bitfarms

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. 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.