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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. It owns and operates server farms comprised of computers designed to validate transactions on the Bitcoin Blockchain.
2018
197
LTM Revenue $350M
LTM EBITDA $111M
$399M
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 (LTM) of $350M and a last 12-month EBITDA of $111M.
In the most recent fiscal year, Bitfarms achieved revenue of $139M and an EBITDA of $53.7M.
Bitfarms expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Bitfarms valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $350M | XXX | $139M | XXX | XXX | XXX |
| Gross Profit | $25.7M | XXX | -$23.4M | XXX | XXX | XXX |
| Gross Margin | 7% | XXX | -17% | XXX | XXX | XXX |
| EBITDA | $111M | XXX | $53.7M | XXX | XXX | XXX |
| EBITDA Margin | 32% | XXX | 39% | XXX | XXX | XXX |
| EBIT | -$106M | XXX | -$74.8M | XXX | XXX | XXX |
| EBIT Margin | -30% | XXX | -54% | XXX | XXX | XXX |
| Net Profit | -$79.6M | XXX | -$39.0M | XXX | XXX | XXX |
| Net Margin | -23% | XXX | -28% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Bitfarms's stock price is CAD 1 (or $1).
Bitfarms has current market cap of CAD 701M (or $506M), and EV of CAD 552M (or $399M).
See Bitfarms trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $399M | $506M | XXX | XXX | XXX | XXX | $-0.12 |
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Start Free TrialAs of May 30, 2025, Bitfarms has market cap of $506M and EV of $399M.
Bitfarms's trades at 2.9x EV/Revenue multiple, and 7.4x EV/EBITDA.
Equity research analysts estimate Bitfarms's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Bitfarms has a P/E ratio of -8.8x.
See valuation multiples for Bitfarms and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $506M | XXX | $506M | XXX | XXX | XXX |
| EV (current) | $399M | XXX | $399M | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | 2.9x | XXX | XXX | XXX |
| EV/EBITDA | 5.0x | XXX | 7.4x | XXX | XXX | XXX |
| EV/EBIT | -5.2x | XXX | -5.3x | XXX | XXX | XXX |
| EV/Gross Profit | 21.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | -8.8x | XXX | -13.0x | XXX | XXX | XXX |
| EV/FCF | -1.2x | XXX | -1.1x | 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.
Start Free TrialBitfarms's last 12 month revenue growth is 39%
Bitfarms's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.3M for the same period.
Bitfarms's rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Bitfarms's rule of X is 128% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Bitfarms and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 39% | XXX | 66% | XXX | XXX | XXX |
| EBITDA Margin | 32% | XXX | 39% | XXX | XXX | XXX |
| EBITDA Growth | 55% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | 33% | XXX | 77% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 128% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 37% | 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 |
| More Impact | 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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Start Free Trial| 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. |
| Who is the CEO of Bitfarms? | Bitfarms's CEO is Mr. Benjamin J. Gagnon. |
| 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 $506M |
| What is the current revenue of Bitfarms? | Bitfarms's last 12 months revenue is $350M. |
| What is the current revenue growth of Bitfarms? | Bitfarms revenue growth (NTM/LTM) is 39%. |
| What is the current EV/Revenue multiple of Bitfarms? | Current revenue multiple of Bitfarms is 1.6x. |
| Is Bitfarms profitable? | Yes, Bitfarms is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Bitfarms? | Bitfarms's last 12 months EBITDA is $111M. |
| What is Bitfarms's EBITDA margin? | Bitfarms's last 12 months EBITDA margin is 32%. |
| What is the current EV/EBITDA multiple of Bitfarms? | Current EBITDA multiple of Bitfarms is 5.0x. |
| What is the current FCF of Bitfarms? | Bitfarms's last 12 months FCF is -$446M. |
| What is Bitfarms's FCF margin? | Bitfarms's last 12 months FCF margin is -127%. |
| What is the current EV/FCF multiple of Bitfarms? | Current FCF multiple of Bitfarms is -1.2x. |
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