Northland Capmk Has Bullish Outlook for Bitfarms Q1 Earnings

Bitfarms Ltd. (NASDAQ:BITF) – Investment analysts at Northland Capmk upped their Q1 2025 EPS estimates for shares of Bitfarms in a note issued to investors on Wednesday, January 29th. Northland Capmk analyst M. Grondahl now expects that the company will post earnings of ($0.01) per share for the quarter, up from their previous estimate of ($0.02). The consensus estimate for Bitfarms’ current full-year earnings is ($0.21) per share. Northland Capmk also issued estimates for Bitfarms’ Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.03 EPS, Q4 2025 earnings at $0.03 EPS and FY2025 earnings at $0.04 EPS.

BITF has been the subject of several other reports. Stifel Canada raised Bitfarms from a “hold” rating to a “moderate buy” rating in a research note on Friday, November 22nd. Keefe, Bruyette & Woods started coverage on shares of Bitfarms in a research report on Wednesday, January 8th. They issued an “outperform” rating for the company. Alliance Global Partners started coverage on shares of Bitfarms in a research note on Wednesday, December 4th. They issued a “buy” rating and a $6.00 price objective on the stock. Finally, HC Wainwright reissued a “buy” rating and set a $4.00 target price on shares of Bitfarms in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4.05.

Bitfarms Price Performance

BITF opened at $1.45 on Friday. Bitfarms has a 12-month low of $1.36 and a 12-month high of $3.91. The company has a quick ratio of 3.68, a current ratio of 3.70 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $656.75 million, a P/E ratio of -4.03 and a beta of 3.67. The stock has a fifty day moving average of $1.77 and a 200-day moving average of $2.03.

Hedge Funds Weigh In On Bitfarms

Several hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC acquired a new position in shares of Bitfarms during the 3rd quarter valued at about $25,000. Lifeworks Advisors LLC acquired a new position in Bitfarms during the third quarter valued at approximately $37,000. Money Concepts Capital Corp bought a new position in shares of Bitfarms in the fourth quarter valued at approximately $30,000. Guided Capital Wealth Management LLC acquired a new stake in shares of Bitfarms in the fourth quarter worth $30,000. Finally, Chesapeake Capital Corp IL boosted its holdings in shares of Bitfarms by 27.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 22,000 shares of the company’s stock worth $50,000 after buying an additional 4,800 shares during the period. 20.59% of the stock is owned by institutional investors and hedge funds.

Bitfarms Company Profile

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.