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Bitfarms Valuation Multiples
Discover revenue and EBITDA valuation multiples for Bitfarms and similar public comparables like SUNeVision, American Bitcoin, Phoenix Group, Entel and more.
Bitfarms Overview
About Bitfarms
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. It owns and operates server farms comprised of computers designed to validate transactions on the Bitcoin Blockchain.
Founded
2018
HQ
Employees
197
Website
Financials (FY)
EV
$2B
Bitfarms Financials
Bitfarms reported last fiscal year revenue of $229M and negative EBITDA of ($74M).
In the same fiscal year, Bitfarms generated ($19M) in gross profit, ($74M) in EBITDA losses, and had net loss of ($209M).
Revenue (LTM)
Bitfarms P&L
In the most recent fiscal year, Bitfarms reported revenue of $229M and EBITDA of ($74M).
Bitfarms expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $229M | XXX | XXX | XXX |
| Gross Profit | — | XXX | ($19M) | XXX | XXX | XXX |
| Gross Margin | — | XXX | (8%) | XXX | XXX | XXX |
| EBITDA | — | XXX | ($74M) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (32%) | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (42%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($209M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (91%) | XXX | XXX | XXX |
| Net Debt | — | — | $96M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Bitfarms Stock Performance
Bitfarms has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
Bitfarms' stock price is $2.89.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | 6.3% | XXX | XXX | XXX | $-0.35 |
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Start Free TrialBitfarms Valuation Multiples
Bitfarms trades at 8.1x EV/Revenue multiple, and (25.0x) EV/EBITDA.
EV / Revenue (LTM)
Bitfarms Financial Valuation Multiples
As of April 20, 2026, Bitfarms has market cap of $2B and EV of $2B.
Equity research analysts estimate Bitfarms' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Bitfarms has a P/E ratio of (8.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 8.1x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (25.0x) | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (19.0x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | (97.9x) | XXX | XXX | XXX |
| P/E | — | XXX | (8.4x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (5.3x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Bitfarms Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Bitfarms Margins & Growth Rates
Bitfarms' revenue in the last fiscal year grew by 19%.
Bitfarms' revenue per employee in the last FY averaged $1.2M, while opex per employee averaged $0.4M for the same period.
Bitfarms Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 19% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (32%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (200%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 33% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 34% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Bitfarms Public Comps
See public comps and valuation multiples for other Crypto Mining and Data Centers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Bitfarms | XXX | XXX | XXX | XXX | XXX | XXX |
| SUNeVision | XXX | XXX | XXX | XXX | XXX | XXX |
| American Bitcoin | XXX | XXX | XXX | XXX | XXX | XXX |
| Phoenix Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Entel | XXX | XXX | XXX | XXX | XXX | XXX |
| Quantum Computing Inc. | 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 M&A Activity
Bitfarms acquired XXX companies to date.
Last acquisition by Bitfarms was on XXXXXXXX, XXXXX. Bitfarms acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Bitfarms
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialBitfarms Investment Activity
Bitfarms invested in XXX companies to date.
Bitfarms made its latest investment on XXXXXXXX, XXXXX. Bitfarms invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Bitfarms
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Bitfarms
| 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 over 197 employees. |
| Who is the CEO of Bitfarms? | Bitfarms' CEO is Benjamin J. Gagnon. |
| Is Bitfarms publicly listed? | Yes, Bitfarms is a public company listed on Stuttgart Stock Exchange. |
| What is the stock symbol of Bitfarms? | Bitfarms trades under 1B2 ticker. |
| When did Bitfarms go public? | Bitfarms went public in 2019. |
| Who are competitors of Bitfarms? | Bitfarms main competitors are SUNeVision, American Bitcoin, Phoenix Group, Entel. |
| What is the current market cap of Bitfarms? | Bitfarms' current market cap is $2B. |
| What is the current revenue of Bitfarms? | Bitfarms' last fiscal year revenue is $229M. |
| What is the current EV/Revenue multiple of Bitfarms? | Current revenue multiple of Bitfarms is 8.1x. |
| Is Bitfarms profitable? | No, Bitfarms is not profitable. |
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