Bitfarms
Owns and operates blockchain farms that power global decentralized financial economy.
Launch date
Employees
Market cap
€833m
Enterprise valuation
€673m (Public information from Sep 2024)
Share price
CAD2.68 BITF.TO
Brossard Quebec (HQ)
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 34.8m | 169m | 142m | 146m | 227m | 489m | 657m |
| % growth | 7 % | 387 % | (16 %) | 3 % | 55 % | 115 % | 34 % |
| EBITDA | 2.2m | 61.8m | (95.2m) | 19.3m | 82.6m | 268m | - |
| % EBITDA margin | 6 % | 36 % | (67 %) | 13 % | 36 % | 55 % | - |
| Profit | (16.3m) | 22.1m | (239m) | (104m) | (57.4m) | 48.8m | 213m |
| % profit margin | (47 %) | 13 % | (168 %) | (71 %) | (25 %) | 10 % | 32 % |
| EV / revenue | 5.0x | 5.7x | 0.6x | 6.4x | 3.8x | 1.4x | 1.0x |
| EV / EBITDA | 78.9x | 15.7x | -0.9x | 48.6x | 10.4x | 2.6x | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | N/A | IPO | |
$20.0m | Post IPO Debt | ||
| N/A | $5.0m | Post IPO Debt | |
| N/A | CAD20.0m | Private Placement VC | |
| N/A | CAD40.0m | Private Placement VC | |
* | $100m | Post IPO Debt | |
* | $32.0m | Post IPO Debt | |
* | N/A | CAD60.0m | Private Placement VC |
* | N/A | $375m | Post IPO Equity |
* | $6.6m | Post IPO Equity | |
* | N/A | Post IPO Equity | |
| Total Funding | €80.0m | ||
Related Content
Recent News about Bitfarms
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Investments by Bitfarms
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ACQUISITION by Bitfarms Aug 2024