Bitfarms Ltd.

Bitfarms Ltd.verified




Market Cap:


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.[Read more]


Financial - Capital Markets

IPO Date


Stock Exchange




The Current Ratio as of May 2024 (TTM) for Bitfarms Ltd. (BITF) is 3.02

According to Bitfarms Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 3.02. This represents a change of 25.14% compared to the average of 2.41 of the last 4 quarters.

Bitfarms Ltd. (BITF) Historical Current Ratio (quarterly & annually)

How has BITF Current Ratio performed in the past?

The mean historical Current Ratio of Bitfarms Ltd. over the last ten years is 1.41. The current 3.02 Current Ratio has changed 21.26% with respect to the historical average. Over the past ten years (40 quarters), BITF's Current Ratio was at its highest in in the March 2021 quarter at 8.74. The Current Ratio was at its lowest in in the September 2020 quarter at 0.29.

Quarterly (TTM)









Bitfarms Ltd. (BITF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Bitfarms Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 781.47%

Maximum Annual Current Ratio = 2.84

Minimum Annual Increase = -80.30%

Minimum Annual Current Ratio = 0.32

Quarterly (TTM)
YearCurrent RatioChange

Bitfarms Ltd. (BITF) Average Current Ratio

How has BITF Current Ratio performed in the past?

The current Current Ratio of Bitfarms Ltd. (BITF) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg


5-year avg


10-year avg


Bitfarms Ltd. (BITF) Current Ratio vs. Peers

How is BITF’s Current Ratio compared to its peers?

Bitfarms Ltd.’s Current Ratio is less than HIVE Blockchain Technologies Ltd. (3.51), less than CleanSpark, Inc. (12.50), less than Marathon Digital Holdings, Inc. (23.07), less than Riot Blockchain, Inc. (8.47), greater than Hut 8 Mining Corp. (1.99), less than Bit Digital, Inc. (12.27), greater than TeraWulf Inc. (0.45), less than Cipher Mining Inc. (8.08), less than Iris Energy Limited (7.47), greater than Stronghold Digital Mining, Inc. (0.50),

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