Bitfarms Ltd. (NASDAQ:BITF) Q2 2024 Earnings Conference Call August 8, 2024 8:00 AM ET Company Participants Ben Gagnon - Chief Executive Officer Jeff Lucas - Chief Financial Officer. Tracy Krumme - Senior Vice President, Head of IR and Corporate Communications Conference Call Participants Mike Colonnese - H.C. Wainwright Mike Grondahl - Northland Securities Fedor Shabalin - B. Riley Martin Toner - ATB Capital Joe Flynn - Compass Point Research & Trading Thomas Shinske - Cantor Fitzgerald Operator Good mor ...

Bitfarms Ltd. (BITF) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 36.36%. A quarter ago, it was expected that this company would post a loss of $0.03 per share when it actually produced a loss of $0.02, delivering a surprise of 33.33%. Over the last four quarters, the company has surpasse ...

Bitfarms (BITF) is scheduled to release its second-quarter 2024 results on Aug 8, before market open. BITF's earnings surprise history has not been impressive. Earnings lagged the Zacks Consensus Estimate in three of the trailing four quarters and surpassed once, delivering a negative earnings surprise of 47.5%, on average. Q2 Expectations The Zacks Consensus Estimate for the company's revenues is pegged at $44.6 million, indicating a 25.7% increase from the year-ago quarter's actual. Growth in the top line ...

TORONTO, Ontario and BROSSARD, Québec, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining data center company, will report its second quarter 2024 financial results on Thursday, August 8th, before the market opens. Management will host a conference call on the same day at 8:00 am EST. All Q2 2024 materials will be available before the call and can be accessed on the 'Financial Results' section of the Bitfarms investor site. Participants may join ...

TORONTO, Ontario and BROSSARD, Québec, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining data center company, will report its second quarter 2024 financial results on Thursday, August 8th, before the market opens. Management will host a conference call on the same day at 8:00 am EST. All Q2 2024 materials will be available before the call and can be accessed on the 'Financial Results' section of the Bitfarms investor site. Participants may join ...

- Earned 253 BTC in July 2024 & Increased HODL to 1,016 BTC - - Increased Operational Hashrate to 11.1 EH/s - This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining data center company, provides its monthly product ...

Investors should also take note of any recent adjustments to analyst estimates for Bitfarms Ltd. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. To follow BITF in the coming trading sessions, be sure to utilize Zacks.com. Shares of the company have depreciated by 4.85% over the course of the past month, underperforming the Business Servi ...

I'm going to highlight three stocks under $15 with the best risk-reward in this current environment. Let's dive into these more speculative picks. They may be well-suited as individual stock picks for long-term growth investors right now. Additionally, the company flourished in 2023, as revenue rose 35% and its customer base surged 44%. And, the firm expanded its student loans and financial services, projecting a 17.4% revenue through 2026. Despite a slowdown, this trend remains promising. The vast U.S. fin ...

Core Viewpoint - The company has adopted a new shareholder rights plan to protect the interests of all shareholders in light of potential unsolicited takeover bids, particularly in response to actions by Riot Platforms, Inc. [2][11][22] Summary by Sections Shareholder Rights Plan - The Board of Directors has unanimously approved the New Rights Plan to ensure fair treatment of all shareholders during unsolicited takeover bids, including protection against "creeping bids" [2][3] - One right will be issued for each common share outstanding as of August 6, 2024, and will also attach to shares issued thereafter [4] - The rights become exercisable if an acquiring person obtains 20% or more of the common shares without complying with the plan's provisions [4][22] Ratification and Duration - The New Rights Plan is effective immediately but requires shareholder ratification within six months; if not ratified, it will terminate [5] - If approved, the plan will have an initial term of three years [5] Context and Background - The adoption of the New Rights Plan follows a decision by the Capital Markets Tribunal to cease trade the previous rights plan, which was aimed at preserving the integrity of the strategic review process [10][11] - The Board is aware of Riot Platforms' intention to replace three directors at the upcoming shareholder meeting on October 29, 2024 [22] Company Overview - Bitfarms is a global Bitcoin data center company that operates vertically integrated data centers and focuses on sustainable energy sources [6][26] - The company currently has 12 operational data centers and two under development across Canada, the United States, Paraguay, and Argentina [26]

About Bitfarms Ltd. www.bitfarms.com https://www.facebook.com/bitfarms/ https://twitter.com/Bitfarms_io https://www.instagram.com/bitfarms/ https://www.linkedin.com/company/bitfarms/ Advisors Adoption of the New Rights Plan is subject to the acceptance of the Toronto Stock Exchange (the "TSX"). The TSX may notify the Company that it will defer its consideration of the acceptance of the New Rights Plan until such time as it is satisfied that the appropriate securities commission will not intervene pursuant t ...