Bitfarms (BITF) to Release Quarterly Earnings on Wednesday

Bitfarms (NASDAQ:BITF) is expected to announce its Q1 2026 results before the market opens on Wednesday, May 13th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $65.6750 million for the quarter. Parties can find conference call details on the company’s upcoming Q1 2026 earning report page for the latest details on the call scheduled for Monday, May 11, 2026 at 8:00 AM ET.

Bitfarms Price Performance

Shares of NASDAQ BITF opened at $3.97 on Tuesday. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of -17.26 and a beta of 3.77. Bitfarms has a 52 week low of $0.70 and a 52 week high of $6.60. The company’s 50-day moving average price is $2.50 and its 200 day moving average price is $2.71. The company has a current ratio of 3.20, a quick ratio of 3.14 and a debt-to-equity ratio of 0.11.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BITF. HC Wainwright dropped their price objective on shares of Bitfarms from $4.00 to $3.70 and set a “buy” rating for the company in a research note on Tuesday, March 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Bitfarms in a report on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $3.00 price target (up from $2.50) on shares of Bitfarms in a report on Tuesday, January 27th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $4.14.

Institutional Investors Weigh In On Bitfarms

Hedge funds and other institutional investors have recently made changes to their positions in the business. Equitable Holdings Inc. purchased a new position in shares of Bitfarms during the 4th quarter worth about $27,000. State of Wisconsin Investment Board purchased a new position in shares of Bitfarms during the 4th quarter worth about $32,000. SummitTX Capital L.P. purchased a new position in shares of Bitfarms during the 4th quarter worth about $34,000. US Bancorp DE purchased a new position in Bitfarms during the third quarter worth approximately $34,000. Finally, WINTON GROUP Ltd purchased a new position in Bitfarms during the second quarter worth approximately $43,000. Hedge funds and other institutional investors own 20.59% of the company’s stock.

Bitfarms Company Profile

Bitfarms Ltd. is a publicly traded, vertically integrated Bitcoin mining company listed on the NASDAQ under the ticker BITF. The company engages in the large-scale operation of cryptocurrency mining farms, leveraging specialized computing hardware to validate and secure the Bitcoin blockchain. By converting electrical energy into computing power, Bitfarms plays a critical role in processing transactions on the Bitcoin network and earning mining rewards.

Bitfarms operates data centers in several jurisdictions with access to low-cost, primarily renewable energy sources.