Bitfarms Ltd. (BITF.TO)

CAD 2.6

(-12.75%)

Revenue Summary of Bitfarms Ltd.

Bitfarms Ltd.'s latest annual revenue in 2023 was 146.36 Million USD , up 1846.19% from previous year.
Bitfarms Ltd.'s latest quarterly revenue in 2024 Q2 was 41.54 Million USD , down -17.43% from previous quarter.
Bitfarms Ltd. reported a annual revenue of -8.38 Million USD in annual revenue 2022, down -104.95% from previous year.
Bitfarms Ltd. reported a annual revenue of 169.2 Million USD in annual revenue 2021, up 386.34% from previous year.
Bitfarms Ltd. reported a quarterly revenue of 41.54 Million USD for 2024 Q2, down -17.43% from previous quarter.
Bitfarms Ltd. reported a quarterly revenue of 35.47 Million USD for 2023 Q2, up 15.8% from previous quarter.

Annual Revenue Chart of Bitfarms Ltd. (2023 - 2017)

Historical Annual Revenue of Bitfarms Ltd. (2023 - 2017)

Year	Revenue	Revenue Growth
2023	146.36 Million USD	1846.19%
2022	-8.38 Million USD	-104.95%
2021	169.2 Million USD	386.34%
2020	34.79 Million USD	7.31%
2019	32.42 Million USD	-4.09%
2018	33.8 Million USD	-34.96%
2017	51.97 Million USD	0.0%

Year	Revenue	Revenue Growth
2024 Q1	50.31 Million USD	8.81%
2024 Q2	41.54 Million USD	-17.43%
2023 Q2	35.47 Million USD	15.8%
2023 FY	146.36 Million USD	1846.19%
2023 Q4	46.24 Million USD	33.66%
2023 Q3	34.59 Million USD	-2.49%
2023 Q1	30.63 Million USD	2102.42%
2022 Q1	40.29 Million USD	-32.23%
2022 Q4	-1.53 Million USD	86.19%
2022 Q3	-11.08 Million USD	69.27%
2022 Q2	-36.06 Million USD	-189.5%
2022 FY	-8.38 Million USD	-104.95%
2021 FY	169.2 Million USD	386.34%
2021 Q2	36.73 Million USD	29.3%
2021 Q3	44.59 Million USD	21.41%
2021 Q1	28.41 Million USD	149.45%
2021 Q4	59.46 Million USD	33.33%
2020 FY	34.79 Million USD	7.31%
2020 Q4	11.38 Million USD	67.61%
2020 Q3	6.79 Million USD	-8.11%
2020 Q2	7.39 Million USD	-19.72%
2020 Q1	9.21 Million USD	-12.56%
2019 Q1	3.62 Million USD	-22.02%
2019 FY	32.42 Million USD	-4.09%
2019 Q4	10.53 Million USD	8.17%
2019 Q3	9.73 Million USD	14.35%
2019 Q2	8.51 Million USD	134.69%
2018 Q4	4.65 Million USD	-32.22%
2018 Q2	6.59 Million USD	-57.95%
2018 Q1	15.67 Million USD	0.0%
2018 Q3	6.86 Million USD	4.16%
2018 FY	33.8 Million USD	-34.96%
2017 FY	51.97 Million USD	0.0%

Peer Revenue Comparison of Bitfarms Ltd.

Name	Revenue	Revenue Difference
Canaccord Genuity Group Inc.	1.47 Billion CAD	90.102%
Canaccord Genuity Group Inc.	1.47 Billion CAD	90.102%
Pinetree Capital Ltd.	6.64 Million CAD	-2101.324%
Goldmoney Inc.	65.57 Million CAD	-123.209%