Bitfarms Ltd. (BITF.TO)

CAD 1.41

(-1.4%)

Operating Expenses Summary of Bitfarms Ltd.

Bitfarms Ltd.'s latest annual operating expenses in 2023 was 50.62 Million USD , down -13.86% from previous year.
Bitfarms Ltd.'s latest quarterly operating expenses in 2024 Q2 was 12.33 Million USD , down -7.22% from previous quarter.
Bitfarms Ltd. reported a annual operating expenses of 49.34 Million USD in annual operating expenses 2022, up 2.58% from previous year.
Bitfarms Ltd. reported a annual operating expenses of 48.09 Million USD in annual operating expenses 2021, up 1320.53% from previous year.
Bitfarms Ltd. reported a quarterly operating expenses of 12.33 Million USD for 2024 Q2, down -7.22% from previous quarter.
Bitfarms Ltd. reported a quarterly operating expenses of 9.15 Million USD for 2023 Q2, up 503.49% from previous quarter.

Annual Operating Expenses Chart of Bitfarms Ltd. (2023 - 2017)

Historical Annual Operating Expenses of Bitfarms Ltd. (2023 - 2017)

Year	Operating Expenses	Operating Expenses Growth
2023	50.62 Million USD	-13.86%
2022	49.34 Million USD	2.58%
2021	48.09 Million USD	1320.53%
2020	3.38 Million USD	-21.11%
2019	4.29 Million USD	-51.31%
2018	8.81 Million USD	248.14%
2017	2.53 Million USD	0.0%

Year	Operating Expenses	Operating Expenses Growth
2024 Q1	13.26 Million USD	-26.84%
2024 Q2	12.33 Million USD	-7.22%
2023 Q2	9.15 Million USD	503.49%
2023 FY	42.5 Million USD	-13.86%
2023 Q4	18.12 Million USD	89.69%
2023 Q3	9.55 Million USD	4.37%
2023 Q1	1.51 Million USD	113.41%
2022 Q1	5.4 Million USD	-76.31%
2022 Q4	-11.31 Million USD	71.39%
2022 Q3	-39.53 Million USD	-150.64%
2022 Q2	78.06 Million USD	1345.69%
2022 FY	49.34 Million USD	2.58%
2021 FY	48.09 Million USD	1320.53%
2021 Q2	17.99 Million USD	538.38%
2021 Q3	-10.55 Million USD	-158.67%
2021 Q1	2.81 Million USD	208.46%
2021 Q4	22.79 Million USD	315.9%
2020 FY	3.38 Million USD	-21.11%
2020 Q4	-2.59 Million USD	-243.67%
2020 Q3	1.8 Million USD	31.95%
2020 Q2	1.37 Million USD	-51.12%
2020 Q1	2.8 Million USD	185.26%
2019 Q1	1.92 Million USD	170.08%
2019 FY	4.29 Million USD	-51.31%
2019 Q4	-3.29 Million USD	-243.04%
2019 Q3	2.3 Million USD	-31.53%
2019 Q2	3.35 Million USD	74.67%
2018 Q4	712 Thousand USD	-70.21%
2018 Q2	3.5 Million USD	58.86%
2018 Q1	2.2 Million USD	0.0%
2018 Q3	2.39 Million USD	-31.83%
2018 FY	8.81 Million USD	248.14%
2017 FY	2.53 Million USD	0.0%

Peer Operating Expenses Comparison of Bitfarms Ltd.

Name	Operating Expenses	Operating Expenses Difference
Canaccord Genuity Group Inc.	1.1 Billion CAD	95.413%
Canaccord Genuity Group Inc.	1.1 Billion CAD	95.413%
Pinetree Capital Ltd.	745 Thousand CAD	-6695.57%
Goldmoney Inc.	6.53 Million CAD	-674.511%