Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Bourse de Toronto
  5. Bitfarms Ltd.
  6. News
  7. Summary
    BITF   CA09173B1076

BITFARMS LTD.

(BITF)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Bitfarms Has Mined 1,357 Bitcoin in First Half of 2021

07/14/2021 | 06:54am EDT

By Chris Wack

Bitfarms Ltd. said that as of July 12, using green hydroelectricity, it has mined 1,357 Bitcoin in the first six months of 2021, the largest number of Bitcoin mined in North America as reported by publicly traded miners.

The company said it has deposited 1,445 Bitcoin into custody through July 12, representing more than 95% of its Bitcoin production this year.

Bitfarms said it has mined 265 new Bitcoin during June, its largest monthly production rate achieved in 2021 and approximately one-third more than Bitfarms' mining production in January 2021.

Bitfarms has mined 265 Bitcoin in June, and 158 Bitcoin during the period of July 1 to July 12th.

The company said that on July 3, its Bitcoin network experienced its largest difficulty drop in history due to recent macro developments in China. This has resulted in Bitfarms producing significantly higher quantities of Bitcoin at a lower cost per Bitcoin produced.

Bitfarms shares were up 8%, to $3.78, in premarket trading.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

07-14-21 0854ET

All news about BITFARMS LTD.
09/17Bitfarms Ltd. Engages LHA for Investor Relations and Advisory Services
GL
09/08BITFARMS : Falls 6% as Plans to Move Sherbrooke, Quebec Operations to More Remote Location..
MT
09/08BITFARMS : Dual-Listed Bitfarms Moving Sherbrooke, Quebec Operations to More Remote Locati..
MT
09/08Bitfarms Ltd. Provides Bitcoin Production and Mining Operations Updates
CI
09/07Bitfarms Announces Agreement with the City of Sherbrooke on Plan to Fully Develop 96 MW..
CI
09/07BITFARMS : announces agreement with the City of Sherbrooke on plan to fully develop 96 MW ..
PU
09/02BITFARMS : to Present at the H.C. Wainwright 23rd Annual Global Investment Virtual Confere..
PU
09/02BITFARMS LTD. : to Present at the H.C. Wainwright 23rd Annual GlobaláInvestment Virtual Co..
AQ
08/30BITFARMS : to Present at the Benzinga Crypto Festival and Participate in Panel Discussion
PU
08/27Bitfarms Ltd. to Present at the Benzinga Crypto Festival andáParticipate in Panel Discu..
GL
More news
Financials (USD)
Sales 2021 164 M - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 843 M 841 M -
Capi. / Sales 2021 5,15x
Capi. / Sales 2022 3,76x
Nbr of Employees -
Free-Float 76,4%
Chart BITFARMS LTD.
Duration : Period :
Bitfarms Ltd. Technical Analysis Chart | BITF | CA09173B1076 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 4,85 $
Average target price 6,62 $
Spread / Average Target 36,5%
Managers and Directors
Emiliano Joel Grodzki Chief Executive Officer & Director
L. Geoffrey Morphy President
Jeffrey P. Lucas Chief Financial Officer
Nicolas Bonta Executive Chairman & Chief Development Officer
Brian M. Howlett Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
BITFARMS LTD.145.60%841
ADYEN N.V.40.21%95 250
FIDELITY NATIONAL INFORMATION SERVICES, INC.-13.74%75 377
WORLDLINE-15.08%22 060
BROADRIDGE FINANCIAL SOLUTIONS, INC.9.71%19 634
FUTU HOLDINGS LIMITED103.76%13 673