What is Northland Capmk’s Forecast for Bitfarms Q1 Earnings?

Bitfarms Ltd. (NASDAQ:BITF) – Equities research analysts at Northland Capmk raised their Q1 2025 earnings per share (EPS) estimates for Bitfarms in a research note issued to investors on Wednesday, January 29th. Northland Capmk analyst M. Grondahl now expects that the company will post earnings of ($0.01) per share for the quarter, up from their previous 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 issued reports on BITF. HC Wainwright reiterated a “buy” rating and issued a $4.00 target price on shares of Bitfarms in a research note on Thursday, November 14th. Keefe, Bruyette & Woods started coverage on shares of Bitfarms in a research note on Wednesday, January 8th. They issued an “outperform” rating for the company. Stifel Canada raised shares of Bitfarms from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 22nd. Finally, Alliance Global Partners assumed coverage on Bitfarms in a report on Wednesday, December 4th. They issued a “buy” rating and a $6.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Bitfarms presently has a consensus rating of “Moderate Buy” and an average price target of $4.05.

Bitfarms Trading Down 3.3 %

NASDAQ BITF opened at $1.45 on Friday. The company has a current ratio of 3.70, a quick ratio of 3.68 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $1.77 and a 200 day simple moving average of $2.04. Bitfarms has a 12 month low of $1.36 and a 12 month high of $3.91. The firm has a market capitalization of $656.76 million, a P/E ratio of -4.03 and a beta of 3.67.

Institutional Investors Weigh In On Bitfarms

A number of hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC purchased a new stake in Bitfarms in the third quarter worth $25,000. Lifeworks Advisors LLC bought a new position in shares of Bitfarms during the 3rd quarter worth $37,000. Money Concepts Capital Corp purchased a new stake in Bitfarms in the 4th quarter worth about $30,000. Guided Capital Wealth Management LLC bought a new stake in Bitfarms in the 4th quarter valued at about $30,000. Finally, Chesapeake Capital Corp IL raised its stake in Bitfarms by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 22,000 shares of the company’s stock valued at $50,000 after acquiring an additional 4,800 shares during the period. 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.