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 PE Ratio as of July 2024 (TTM) for Bitfarms Ltd. (BITF) is -6.97

According to Bitfarms Ltd.’s latest financial reports and current stock price. The company's current PE Ratio is -6.97. This represents a change of -36.61% compared to the average of -11.00 of the last 4 quarters.

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

How has BITF PE Ratio performed in the past?

The mean historical PE Ratio of Bitfarms Ltd. over the last ten years is 3.92. The current -6.97 PE Ratio has changed -17894.36% with respect to the historical average. Over the past ten years (40 quarters), BITF's PE Ratio was at its highest in in the March 2022 quarter at 40.97. The PE Ratio was at its lowest in in the June 2019 quarter at -51.33.

Quarterly (TTM)









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

Discovering the peaks and valleys of Bitfarms Ltd. PE 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 = 1.78%

Maximum Annual PE Ratio = 35.98

Minimum Annual Increase = -Infinity%

Minimum Annual PE Ratio = -9.90

Quarterly (TTM)
YearPE RatioChange

Bitfarms Ltd. (BITF) Average PE Ratio

How has BITF PE Ratio performed in the past?

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

3-year avg


5-year avg


10-year avg


Bitfarms Ltd. (BITF) PE Ratio vs. Peers

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

Bitfarms Ltd.’s PE Ratio is greater than HIVE Blockchain Technologies Ltd. (-8.60), less than CleanSpark, Inc. (58.76), less than Marathon Digital Holdings, Inc. (10.58), less than Riot Blockchain, Inc. (14.32), less than Hut 8 Mining Corp. (27.14), less than Bit Digital, Inc. (11.59), greater than TeraWulf Inc. (-28.47), less than Cipher Mining Inc. (88.60), greater than Iris Energy Limited (-134.53), less than Stronghold Digital Mining, Inc. (-1.50),

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