- Operational hashrate of 16.1 EH/s –- Acquisition of Stronghold Digital Mining & sale of Yguazu site on track for Q1 2025 close –-Appoints Craig Hibbard to SVP of Infrastructure- This news release constitutes a “designated news release” for the purposes of the Company’s second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, March 03, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin and v ...

Core Viewpoint - Bitfarms Ltd. (BITF) is anticipated to report a year-over-year increase in earnings driven by higher revenues for the quarter ended December 2024, with actual results being a significant factor influencing its near-term stock price [1][2]. Financial Expectations - The consensus estimate indicates a quarterly loss of $0.04 per share, reflecting a year-over-year improvement of +33.3%. Revenues are projected to reach $53.82 million, representing a 16.4% increase from the same quarter last year [3]. - The consensus EPS estimate has been revised 16.67% higher in the last 30 days, indicating a reassessment by analysts regarding the company's earnings outlook [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Bitfarms is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -25%, indicating a bearish sentiment among analysts [10][11]. - Despite the negative Earnings ESP, the stock holds a Zacks Rank of 3, complicating predictions of an earnings beat [11]. Historical Performance - In the previous quarter, Bitfarms was expected to report a loss of $0.12 per share but achieved a loss of $0.09, resulting in a positive surprise of +25%. Over the last four quarters, the company has exceeded consensus EPS estimates three times [12][13]. Conclusion - While Bitfarms does not appear to be a strong candidate for an earnings beat, investors are advised to consider other factors when making decisions regarding the stock ahead of its earnings release [16].

Company Performance - Bitfarms Ltd. (BITF) closed at $1.42, reflecting a +1.43% change from the previous day, outperforming the S&P 500 which saw a loss of 0.01% [1] - The stock has decreased by 14.63% over the past month, underperforming the Business Services sector's gain of 15.7% and the S&P 500's gain of 4.88% [1] Financial Forecast - Bitfarms Ltd. is expected to report an EPS of -$0.04, indicating a 33.33% improvement from the same quarter last year [2] - The consensus estimate for quarterly revenue is $55.02 million, representing an 18.98% increase from the previous year [2] Analyst Estimates - Recent changes in analyst estimates for Bitfarms Ltd. indicate a positive outlook, suggesting analyst optimism regarding the company's business and profitability [3] - The Zacks Consensus EPS estimate has decreased by 8.33% over the last 30 days, and Bitfarms Ltd. currently holds a Zacks Rank of 3 (Hold) [5] Industry Context - The Technology Services industry, part of the Business Services sector, has a Zacks Industry Rank of 72, placing it in the top 29% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]

- Operational hashrate of 15.2 EH/s -- Energized two North American sites, Sharon PA & Baie-Comeau QC -- Binding LOI with HIVE for sale of 200 MW Yguazu site; Expected Q1 2025 close -- Acquisition of Stronghold Digital Mining on track for Q1 2025 close -- Signed agreements with ASG and WWT to develop HPC/AI business - This news release constitutes a “designated news release” for the purposes of the Company’s second amended and restated prospectus supplement dated December 17, 2024, to its short form base sh ...

-Engages expert consultants ASG & World Wide Technology- TORONTO, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF), a global Bitcoin and vertically integrated data center company, today announced it has engaged two expert consultants in HPC strategy and artificial intelligence ("AI"), Appleby Strategy Group ("ASG") and World Wide Technology ("WWT"), to conduct a comprehensive feasibility analysis on all its North American sites and advise on its global HPC/AI strategy. In parallel, ASG and ...

-Bitfarms to reinvest capital in US growth opportunities- -Accretive transaction values the completed site at ~$85 million and significantly reduces anticipated 2025 capital requirements- -Rebalances YE 2025 proforma energy portfolio to ~80% North American & 20% international- -Reduces expected average power costs by ~10%- This news release constitutes a "designated news release" for the purposes of Bitfarms' second amended and restated prospectus supplement dated December 17, 2024, to its short form base s ...

Bitfarms Ltd. (BITF) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Indi ...

TORONTO, Ontario and BROSSARD, Québec, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms”), a global vertically integrated Bitcoin data center company, will be attending Needham’s 27th Annual Growth Conference, taking place from January 14-15th in New York City. Bitfarms CEO Ben Gagnon, CFO Jeff Lucas, and SVP IR & Corp. Comms. Tracy Krumme will be conducting investor meetings with a presentation at the following time: Bitfarms Company PresentationDate: Wednesday, January 15thTim ...

This news release constitutes a "designated news release" for the purposes of the Company's second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX:BITF) ("Bitfarms", or the "Company") a global Bitcoin vertically integrated company, announces that it has filed a second amended and restated prospectus supplement dated December 1 ...

This news release constitutes a “designated news release” for the purposes of the Company’s amended and restated prospectus supplement dated October 4, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global leader in vertically integrated Bitcoin data center operations, today announced its latest monthly production report. All financial references are in U.S. dollars. Bitfarms ...