Bitfarms Ltd. (BITF.TO)

CAD 2.6

(-12.75%)

Gross Profit Summary of Bitfarms Ltd.

Bitfarms Ltd.'s latest annual gross profit in 2023 was -21.5 Million USD , up 84.67% from previous year.
Bitfarms Ltd.'s latest quarterly gross profit in 2024 Q2 was -11.27 Million USD , down -5.55% from previous quarter.
Bitfarms Ltd. reported a annual gross profit of -140.29 Million USD in annual gross profit 2022, down -226.58% from previous year.
Bitfarms Ltd. reported a annual gross profit of 110.83 Million USD in annual gross profit 2021, up 5924.01% from previous year.
Bitfarms Ltd. reported a quarterly gross profit of -11.27 Million USD for 2024 Q2, down -5.55% from previous quarter.
Bitfarms Ltd. reported a quarterly gross profit of -6.04 Million USD for 2023 Q2, up 53.26% from previous quarter.

Annual Gross Profit Chart of Bitfarms Ltd. (2023 - 2017)

Historical Annual Gross Profit of Bitfarms Ltd. (2023 - 2017)

Year	Gross Profit	Gross Profit Growth
2023	-21.5 Million USD	84.67%
2022	-140.29 Million USD	-226.58%
2021	110.83 Million USD	5924.01%
2020	-1.9 Million USD	-135.0%
2019	5.43 Million USD	-50.01%
2018	10.87 Million USD	-75.21%
2017	43.88 Million USD	0.0%

Year	Gross Profit	Gross Profit Growth
2024 Q1	-10.68 Million USD	-707.97%
2024 Q2	-11.27 Million USD	-5.55%
2023 Q2	-6.04 Million USD	53.26%
2023 FY	-21.5 Million USD	84.67%
2023 Q4	1.75 Million USD	119.82%
2023 Q3	-8.86 Million USD	-46.79%
2023 Q1	-12.92 Million USD	68.21%
2022 Q1	9.34 Million USD	-75.95%
2022 Q4	-40.65 Million USD	25.23%
2022 Q3	-54.36 Million USD	30.54%
2022 Q2	-78.26 Million USD	-937.71%
2022 FY	-140.29 Million USD	-226.58%
2021 FY	110.83 Million USD	5924.01%
2021 Q2	15.9 Million USD	-17.54%
2021 Q3	21.74 Million USD	36.68%
2021 Q1	19.29 Million USD	1038.69%
2021 Q4	38.84 Million USD	78.69%
2020 FY	-1.9 Million USD	-135.0%
2020 Q4	-2.05 Million USD	-99.13%
2020 Q3	-1.03 Million USD	-829.73%
2020 Q2	-111 Thousand USD	-108.57%
2020 Q1	1.29 Million USD	140.86%
2019 Q1	212 Thousand USD	109.56%
2019 FY	5.43 Million USD	-50.01%
2019 Q4	-3.16 Million USD	-171.01%
2019 Q3	4.46 Million USD	13.56%
2019 Q2	3.93 Million USD	1753.77%
2018 Q4	-2.21 Million USD	-409.34%
2018 Q2	1.78 Million USD	-83.09%
2018 Q1	10.57 Million USD	0.0%
2018 Q3	717 Thousand USD	-59.9%
2018 FY	10.87 Million USD	-75.21%
2017 FY	43.88 Million USD	0.0%

Peer Gross Profit Comparison of Bitfarms Ltd.

Name	Gross Profit	Gross Profit Difference
Canaccord Genuity Group Inc.	535.64 Million CAD	104.014%
Canaccord Genuity Group Inc.	535.64 Million CAD	104.014%
Pinetree Capital Ltd.	6.62 Million CAD	424.804%
Goldmoney Inc.	21.25 Million CAD	201.156%