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Bitfarms Ltd engaged in the cryptocurrency Mining industry mainly consists of selling its computational power used for hashing calculations for cryptocurrency mining in multiple jurisdictions. Its geographic operations are currently located in Canada, the United States, Argentina, and Paraguay. It owns and operates server farms comprised of computers designed to validate transactions on the Bitcoin Blockchain.
2018
197
LTM Revenue $331M
LTM EBITDA $104M
$322M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Bitfarms has a last 12-month revenue of $331M and a last 12-month EBITDA of $104M.
In the most recent fiscal year, Bitfarms achieved revenue of $135M and an EBITDA of $52.0M.
Bitfarms expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Bitfarms valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $102M | $135M | XXX | XXX | XXX |
| Gross Profit | $7.4M | -$15.0M | XXX | XXX | XXX |
| Gross Margin | 7% | -11% | XXX | XXX | XXX |
| EBITDA | -$5.4M | $52.0M | XXX | XXX | XXX |
| EBITDA Margin | -5% | 39% | XXX | XXX | XXX |
| Net Profit | -$167M | -$72.8M | XXX | XXX | XXX |
| Net Margin | -163% | -54% | XXX | XXX | XXX |
| Net Debt | $11.4M | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Bitfarms's stock price is CAD 1 (or $1).
Bitfarms has current market cap of CAD 631M (or $441M), and EV of CAD 460M (or $322M).
See Bitfarms trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $322M | $441M | XXX | XXX | XXX | XXX | $-0.11 |
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Sign UpAs of April 15, 2025, Bitfarms has market cap of $441M and EV of $322M.
Bitfarms's trades at 1.4x LTM EV/Revenue multiple, and 4.4x LTM EBITDA.
Analysts estimate Bitfarms's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Bitfarms and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $322M | XXX | XXX | XXX |
| EV/Revenue | 2.4x | XXX | XXX | XXX |
| EV/EBITDA | 6.2x | XXX | XXX | XXX |
| P/E | -11.7x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -1.0x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpBitfarms's NTM/LTM revenue growth is 52%
Bitfarms's revenue per employee for the last fiscal year averaged $0.7M, while opex per employee averaged $0.3M for the same period.
Over next 12 months, Bitfarms's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Bitfarms's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Bitfarms and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 32% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 39% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -1062% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 90% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.7M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.3M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 38% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 37% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Phoenix Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Jasmine Technology Solution | XXX | XXX | XXX | XXX | XXX | XXX |
| Advanced Blockchain | XXX | XXX | XXX | XXX | XXX | XXX |
| Bitcoin Group | XXX | XXX | XXX | XXX | XXX | XXX |
| AEE Gold | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Bitfarms acquired XXX companies to date.
Last acquisition by Bitfarms was XXXXXXXX, XXXXX XXXXX XXXXXX . Bitfarms acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Bitfarms founded? | Bitfarms was founded in 2018. |
| Where is Bitfarms headquartered? | Bitfarms is headquartered in Canada. |
| How many employees does Bitfarms have? | As of today, Bitfarms has 197 employees. |
| Is Bitfarms publicy listed? | Yes, Bitfarms is a public company listed on TSE. |
| What is the stock symbol of Bitfarms? | Bitfarms trades under BITF ticker. |
| When did Bitfarms go public? | Bitfarms went public in 2019. |
| Who are competitors of Bitfarms? | Similar companies to Bitfarms include e.g. Phoenix Group, Jasmine Technology Solution, Advanced Blockchain, Bitcoin Group. |
| What is the current market cap of Bitfarms? | Bitfarms's current market cap is $441M |
| What is the current revenue of Bitfarms? | Bitfarms's last 12-month revenue is $331M. |
| What is the current EBITDA of Bitfarms? | Bitfarms's last 12-month EBITDA is $104M. |
| What is the current EV/Revenue multiple of Bitfarms? | Current revenue multiple of Bitfarms is 1.4x. |
| What is the current EV/EBITDA multiple of Bitfarms? | Current EBITDA multiple of Bitfarms is 4.4x. |
| What is the current revenue growth of Bitfarms? | Bitfarms revenue growth between 2023 and 2024 was 32%. |
| Is Bitfarms profitable? | Yes, Bitfarms is EBITDA-positive (as of the last 12 months). |
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