Bitfarms Ltd. (BITF.TO)

CAD 1.41

(-1.4%)

Net Income Summary of Bitfarms Ltd.

Bitfarms Ltd.'s latest annual net income in 2023 was -104.03 Million USD , up 56.48% from previous year.
Bitfarms Ltd.'s latest quarterly net income in 2024 Q2 was -26.59 Million USD , down -344.8% from previous quarter.
Bitfarms Ltd. reported an annual net income of -239.05 Million USD in 2022, down -1180.21% from previous year.
Bitfarms Ltd. reported an annual net income of 22.13 Million USD in 2021, up 235.86% from previous year.
Bitfarms Ltd. reported a quarterly net income of -26.59 Million USD for 2024 Q2, down -344.8% from previous quarter.
Bitfarms Ltd. reported a quarterly net income of -24.89 Million USD for 2023 Q2, down -904.2% from previous quarter.

Annual Net Income Chart of Bitfarms Ltd. (2023 - 2017)

Historical Annual Net Income of Bitfarms Ltd. (2023 - 2017)

Year	Net Income	Net Income Growth
2023	-104.03 Million USD	56.48%
2022	-239.05 Million USD	-1180.21%
2021	22.13 Million USD	235.86%
2020	-16.28 Million USD	-873.09%
2019	2.1 Million USD	122.5%
2018	-9.36 Million USD	-131.81%
2017	29.43 Million USD	0.0%

Year	Net Income	Net Income Growth
2024 Q1	-5.98 Million USD	89.58%
2024 Q2	-26.59 Million USD	-344.8%
2023 Q2	-24.89 Million USD	-904.2%
2023 FY	-104.03 Million USD	56.48%
2023 Q4	-57.37 Million USD	-206.76%
2023 Q3	-18.7 Million USD	24.87%
2023 Q1	-2.47 Million USD	85.28%
2022 Q1	4.51 Million USD	-53.3%
2022 Q4	-16.84 Million USD	80.14%
2022 Q3	-84.8 Million USD	40.24%
2022 Q2	-141.91 Million USD	-3240.47%
2022 FY	-239.05 Million USD	-1180.21%
2021 FY	22.13 Million USD	235.86%
2021 Q2	-3.67 Million USD	51.68%
2021 Q3	23.73 Million USD	745.8%
2021 Q1	-7.6 Million USD	-41.51%
2021 Q4	9.67 Million USD	-59.23%
2020 FY	-16.28 Million USD	-873.09%
2020 Q4	-5.37 Million USD	-12.88%
2020 Q3	-4.76 Million USD	-27.64%
2020 Q2	-3.73 Million USD	-53.88%
2020 Q1	-2.42 Million USD	-315.66%
2019 Q1	-1.29 Million USD	90.13%
2019 FY	2.1 Million USD	122.5%
2019 Q4	1.12 Million USD	-71.18%
2019 Q3	3.9 Million USD	567.63%
2019 Q2	-834 Thousand USD	35.35%
2018 Q4	-13.06 Million USD	-1036.17%
2018 Q2	-1.22 Million USD	-120.12%
2018 Q1	6.07 Million USD	0.0%
2018 Q3	-1.15 Million USD	5.89%
2018 FY	-9.36 Million USD	-131.81%
2017 FY	29.43 Million USD	0.0%

Peer Net Income Comparison of Bitfarms Ltd.

Name	Net Income	Net Income Difference
Canaccord Genuity Group Inc.	-13.16 Million CAD	-690.367%
Canaccord Genuity Group Inc.	-13.16 Million CAD	-690.367%
Pinetree Capital Ltd.	5.75 Million CAD	1908.378%
Goldmoney Inc.	-23.59 Million CAD	-340.906%