Bitfarms Ltd. (NASDAQ:BITF – Free Report) – Research analysts at Northland Securities issued their Q2 2026 earnings per share (EPS) estimates for Bitfarms in a report issued on Tuesday, March 31st. Northland Securities analyst M. Grondahl anticipates that the company will post earnings per share of ($0.06) for the quarter. The consensus estimate for Bitfarms’ current full-year earnings is ($0.21) per share. Northland Securities also issued estimates for Bitfarms’ Q3 2026 earnings at ($0.06) EPS and Q4 2026 earnings at ($0.06) EPS.
A number of other analysts have also issued reports on BITF. HC Wainwright cut their price target on shares of Bitfarms from $4.00 to $3.70 and set a “buy” rating on the stock in a research note on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Bitfarms in a research report on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $3.00 price objective (up from $2.50) on shares of Bitfarms in a research note on Tuesday, January 27th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Bitfarms presently has an average rating of “Moderate Buy” and a consensus price target of $4.14.
Bitfarms Price Performance
BITF opened at $1.98 on Friday. The stock’s 50-day moving average price is $2.19 and its 200 day moving average price is $2.87. Bitfarms has a 12-month low of $0.67 and a 12-month high of $6.60. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -8.61 and a beta of 3.77. The company has a current ratio of 3.20, a quick ratio of 3.14 and a debt-to-equity ratio of 0.11.
Institutional Trading of Bitfarms
Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in shares of Bitfarms by 144.7% during the 4th quarter. Farther Finance Advisors LLC now owns 11,010 shares of the company’s stock worth $26,000 after acquiring an additional 6,510 shares in the last quarter. Equitable Holdings Inc. acquired a new position in Bitfarms in the fourth quarter valued at approximately $27,000. US Bancorp DE acquired a new position in Bitfarms in the third quarter valued at approximately $34,000. State of Wisconsin Investment Board purchased a new position in Bitfarms in the fourth quarter valued at approximately $32,000. Finally, SummitTX Capital L.P. purchased a new position in Bitfarms in the fourth quarter valued at approximately $34,000. 20.59% of the stock is owned by hedge funds and other institutional investors.
Bitfarms News Summary
Here are the key news stories impacting Bitfarms this week:
- Positive Sentiment: Shares jumped after the company announced a strategic expansion (an AI pivot) and despite reporting a large net loss, investors appeared to focus on growth and strategy. Bitfarms Shares Jump Despite $285M Net Loss as Miner Expands AI Pivot
- Positive Sentiment: Bitfarms officially rebranded as Keel Infrastructure and completed U.S. redomiciliation — moves that can improve U.S. investor access, governance perception and potentially valuation multiples over time. Bitfarms Officially Rebrands as Keel Infrastructure; Completes U.S. Redomiciliation
- Positive Sentiment: Q4 revenue rose ~39.7% year-over-year, a sign of top-line momentum even as profitability remains pressured by costs. BITF Q4 Loss Wider Than Estimates, Revenues Grow Y/Y, Shares Rise
- Neutral Sentiment: Management’s Q4 earnings call transcript is available for investors seeking detail on cost drivers, mining efficiency and the AI initiative (useful for due diligence but not an immediate catalyst). Bitfarms Ltd. Q4 2025 Earnings Call Transcript
- Negative Sentiment: HC Wainwright trimmed near-term EPS and cut its FY2026 EPS forecast materially (FY now pegged at ($0.25) vs prior ($0.17)), signaling weaker profit outlooks even though the firm kept a “Buy” and $3.70 target. Analyst downgrades to EPS can pressure the stock if earnings miss expectations. HC Wainwright Has Lowered Expectations for Bitfarms Stock Price
- Negative Sentiment: Northland Securities also issued lower quarterly and full‑year EPS estimates (several quarters around ($0.05)-($0.06) and FY ~$($0.22)), adding to downward earnings revisions that could weigh on sentiment. MarketBeat – Bitfarms analyst notes
- Negative Sentiment: Q4 posted a wider-than-expected loss (costs continue to pressure margins and drove the larger loss despite revenue growth), a direct near-term drag on profitability expectations. BITF Q4 Loss Wider Than Estimates, Revenues Grow Y/Y, Shares Rise
About Bitfarms
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.
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