Bitfarms (BITF) Stock Forecast for 2024–2028. Sell or Buy Prediction







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Bitfarms (BITF) Stock Forecast for 2024–2028. Sell or Buy?

Updated: July 24, 2024 (04:56)

Sector: Financial

The share price of Bitfarms Ltd. (BITF) now

Latest session on the 23rd of July for
Bitfarms Ltd. is negative
Trading Volume: 17125163
Open: 2.82 /  High: 2.86 /  Low: 2.7
What analysts predict: $4.13
52-week High/Low: $3.91 / $0.919

50/200 Day Moving Average: $2.401 / $2.157

This figure corresponds to the Average Price over the previous 50/200 days. For Bitfarms stocks, the 50-day moving average is the support level today.

For Bitfarms stocks, the 200-day moving average is the support level today.

Are you interested in Bitfarms Ltd. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Bitfarms stock price in 2024, 2025, 2026, 2027, 2028. How much will one Bitfarms share be worth in 2024 - 2028?

When should I take profit in Bitfarms stock? When should I record a loss on Bitfarms stock? What are analysts' forecasts for Bitfarms stock? What is the future of Bitfarms stock? We forecast Bitfarms stock performance using neural networks based on historical data on Bitfarms stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

Bitfarms stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. (Next month, 2024, 2025, 2026, 2027 and 2028) The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for Bitfarms shares. This happens once a day.


Historical and forecast chart of Bitfarms stock

The chart below shows the historical price of Bitfarms stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Bitfarms stock price can be found in the table below.

Long-term forecasts by years.

Unraveling BITF Stocks: A Guided Forecast Amidst Dynamic Shifts

Trend: Neutral
Jun 14, 2024

In the fast-evolving landscape of cryptocurrency mining, Bitfarms (BITF) finds itself at a crossroads that could significantly sway its stock rates. Analysts and investors alike are keenly watching the company, particularly in light of recent developments that promise to be pivotal. Understanding the factors at play is crucial for those pondering the BITF stock forecast and whether BITF is a good stock to buy or sell.

Key Influencers on BITF's Stock Trajectory

The departure of Bitfarms' CEO and a looming takeover bid by rival Riot stands as a major turning point for the company. Such leadership uncertainty, coupled with the potential for legal battles and share dilution, casts a shadow over BITF stock price predictions. This event alone urges a careful reevaluation for anyone eyeing the Bitfarms stock forecast with interest in buying or selling.

Moreover, the Bitcoin (BTC) halving in April introduces another layer of complexity. This event, which slashes the reward for mining new blocks, could potentially dampen Bitfarms’ cash flows, thus affecting the BITF stock buy or sell decision-making. Analysts seeking to nail down the most accurate BITF stock price target or BITF stock price prediction will be closely monitoring the aftermath of the halving, alongside Q2 results, for clearer indicators.

Despite these challenges, it's not all doom and gloom. BITF's positive Q1 results spotlight the company's robust operating cash flows and margin improvements. For the optimistic analyst, these factors not only soften the concerns but may also position BITF as a viable contender for those bullish on the BITF stock price forecast.

  • Critical leadership changes and takeover risks
  • The aftermath of BTC's halving on cash flows
  • Promising Q1 financial performances

In crafting a nuanced Bitfarms name stock forecast, these are the variables that will most likely dictate BITF's financial narrative in the near term. As the landscape evolves, keeping a pulse on these developments will be key to making informed BITF stock buy or sell decisions.

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Bitfarms' Stock Forecast: Navigating Expansion, Management, and Acquisition

Trend: Bullish
Jun 03, 2024

When it comes to predicting the course of Bitfarms' (BITF) stock, analysts are focusing on a trifecta of crucial factors that could significantly influence its trajectory. Top of the list is the company's ambitious expansion goals and its push towards operational efficiency. Bitfarms is on a mission to triple its hashrate and beef up its mining capacity while honing the efficiency of its fleet. This move is not just about mining more Bitcoins; it's about doing it cost-effectively, boosting the revenue, and enhancing profitability. Such strategic steps make BITF stock a potential buy for investors aiming for growth, displaying a promising BITF stock forecast.

The Role of Management Dynamics and Acquisition Speculation

However, the waters aren't entirely smooth. Internal management conflicts, especially the dramatic exits of CEOs, have tossed a veil of uncertainty over Bitfarms. The resolution of such conflicts and the stabilization of the company's leadership are key to restoring investor confidence, potentially swinging the BITF stock buy or sell pendulum firmly in the direction of 'buy.'

Yet, the most tantalizing aspect for Bitfarms—and, by extension, its investors—could be the looming takeover bids, with giant Riot showing clear interest. Should Riot or any other party table a more appealing offer, or engage in a hostile bid, the subsequent tug-of-war could elevate the BITF stock price prediction to new heights. Analysts would do well to keep a pulse on these developments, understanding that the outcome of this acquisition dance could be a major determinant in the Bitfarms stock forecast. Competing bids might not just influence the BITF stock price target; they're likely to incite a bidding war, offering a prime opportunity for investors to reassess whether Bitfarms stock is a buy or sell.

  • Expansion Goals and Operational Efficiency
  • Internal Management Conflicts
  • Takeover Bids and Potential Acquisition

By closely monitoring these factors, analysts can make the most accurate predictions about the future rates of BITF company stocks, providing invaluable insight into whether BITF is a good stock to buy or sell.

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Bitfarms' Stock Forecast: Navigating Through Stormy Weathers

Trend: Neutral
May 16, 2024

Investors and analysts closely observing Bitfarms (BITF) stock are currently standing at a crossroads, pondering the future trajectory of its stock price. At the heart of these deliberations lies the company's recent Q1 2024 earnings revelation, which unfolded a narrative of financial troubles characterized by an operating loss primarily due to accelerated depreciation of older machines. Despite robust revenue growth, the high cost of revenues led to a gross margin loss, signaling potential trouble for BITF stock prices. This situation, coupled with the underlying business facing deteriorating unit economics, makes the BITF stock forecast a matter of intricate analysis.

Key Factors Influencing BITF's Stock Trajectory

Several pivotal events are poised to shape the future of Bitfarms' stock value. Notably, the company's performance in April, besieged by a decline in BTC production despite having the highest exahash per second, raises red flags about its ambitious expansion plans. The vision to triple the current level of exahash by year's end, though impressive, is fraught with challenges, potentially swaying the Bitfarms stock forecast.

Adding to the complexity are the leadership upheavals following the termination of Geoffrey Morphy as CEO, and the subsequent legal tussle he initiated against Bitfarms. This uncertainty, casting a shadow over the BITF stock buy or sell decision, complicates the BITF stock price prediction. Analysts aiming to make the most accurate forecasts must weigh these factors - the troubling financial performance, ambitious yet uncertain expansion plans, and leadership and legal tribulations. Navigating through this tumult, the question of 'Is BITF a good stock to buy?' becomes one demanding careful contemplation.

In sum, the Bitfarms stock forecast hinges on how the company navigates its operational challenges, expansion ambitions, and internal instability. For investors and analysts watching the BITF stock price target, these events offer crucial indicators on whether to buy or sell Bitfarms stock. A detailed examination of these elements could offer a clearer BITF stock price prediction, determining the investment's fate in this turbulent landscape.

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About author

Bitfarms Ltd. owns and operates blockchain farms that power the global decentralized financial economy. It provides computing power to crypto currency networks such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash, earning fees from each network for securing and processing transactions. The company was founded on October 11, 2018 and is headquartered in Toronto, Canada.

Bitfarms daily forecast for a month

Date Target Pes. Opt. Vol., %
Jul 26 2.84 2.80 2.88 3.12
Jul 27 2.83 2.73 2.98 9.38
Jul 28 2.82 2.72 2.94 7.90
Jul 29 2.67 2.58 2.72 5.20
Jul 30 2.63 2.50 2.75 9.97
Jul 31 2.61 2.52 2.66 5.65
Aug 01 2.54 2.43 2.62 7.61
Aug 02 2.51 2.39 2.57 7.73
Aug 03 2.56 2.50 2.68 6.95
Aug 04 2.58 2.53 2.66 4.92
Aug 05 2.56 2.49 2.64 6.05
Aug 06 2.51 2.40 2.59 8.27
Aug 07 2.56 2.45 2.67 9.24
Aug 08 2.53 2.46 2.62 6.47
Aug 09 2.52 2.40 2.57 7.36
Aug 10 2.51 2.45 2.54 3.80
Aug 11 2.44 2.32 2.52 8.38
Aug 12 2.50 2.40 2.58 7.90
Aug 13 2.39 2.35 2.48 5.55
Aug 14 2.29 2.22 2.36 6.13
Aug 15 2.23 2.11 2.33 10.51
Aug 16 2.20 2.11 2.33 9.99
Aug 17 2.19 2.11 2.24 6.47
Aug 18 2.21 2.09 2.33 11.42
Aug 19 2.20 2.13 2.26 6.30
Aug 20 2.31 2.19 2.39 9.23
Aug 21 2.20 2.16 2.27 5.20
Aug 22 2.11 2.00 2.21 10.42
Aug 23 2.03 1.99 2.12 6.85
Aug 24 1.91 1.87 1.96 4.78

Bitfarms Daily Price Targets


Bitfarms Stock Forecast 07-26-2024.

Forecast target price for 07-26-2024: $2.84.
Positive dynamics for Bitfarms shares will prevail with possible volatility of 3.029%.
Pessimistic target level: 2.80
Optimistic target level: 2.88

Bitfarms Stock Forecast 07-27-2024.

Forecast target price for 07-27-2024: $2.83.
Negative dynamics for Bitfarms shares will prevail with possible volatility of 8.580%.
Pessimistic target level: 2.73
Optimistic target level: 2.98

Bitfarms Stock Forecast 07-28-2024.

Forecast target price for 07-28-2024: $2.82.
Negative dynamics for Bitfarms shares will prevail with possible volatility of 7.318%.
Pessimistic target level: 2.72
Optimistic target level: 2.94

Bitfarms Stock Forecast 07-29-2024.

Forecast target price for 07-29-2024: $2.67.
Negative dynamics for Bitfarms shares will prevail with possible volatility of 4.947%.
Pessimistic target level: 2.58
Optimistic target level: 2.72

Bitfarms Stock Forecast 07-30-2024.

Forecast target price for 07-30-2024: $2.63.
Negative dynamics for Bitfarms shares will prevail with possible volatility of 9.063%.
Pessimistic target level: 2.50
Optimistic target level: 2.75

Bitfarms Stock Forecast 07-31-2024.

Forecast target price for 07-31-2024: $2.61.
Negative dynamics for Bitfarms shares will prevail with possible volatility of 5.344%.
Pessimistic target level: 2.52
Optimistic target level: 2.66

BITF (BITF) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Aug. 2.68 2.23 2.99 25.61
Sep. 2.39 2.06 2.79 26.20
Oct. 2.57 2.36 2.91 19.01
Nov. 2.29 2.04 2.60 21.68
Dec. 2.27 2.15 2.50 14.16

Bitfarms forecast for this year


Bitfarms Stock Prediction for Aug 2024

An downtrend is forecast for this month with an optimal target price of $2.67952. Pessimistic: $2.23. Optimistic: $2.99


Bitfarms Stock Prediction for Sep 2024

An downtrend is forecast for this month with an optimal target price of $2.39066. Pessimistic: $2.06. Optimistic: $2.79


Bitfarms Stock Prediction for Oct 2024

An uptrend is forecast for this month with an optimal target price of $2.56949. Pessimistic: $2.36. Optimistic: $2.91


Bitfarms Stock Prediction for Nov 2024

An downtrend is forecast for this month with an optimal target price of $2.28684. Pessimistic: $2.04. Optimistic: $2.60


Bitfarms Stock Prediction for Dec 2024

An downtrend is forecast for this month with an optimal target price of $2.26672. Pessimistic: $2.15. Optimistic: $2.50



Bitfarms (BITF) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 2.35 2.08 2.50 16.75
Feb 2.77 2.59 3.04 14.81
Mar 2.52 2.36 2.83 16.68
Apr 2.53 2.22 2.69 17.79
May 2.18 1.96 2.55 23.18
Jun 2.34 1.98 2.73 27.38
Jul 2.32 2.13 2.55 16.62
Aug 2.66 2.38 3.07 22.35
Sep 2.66 2.24 2.95 23.98
Oct 2.55 2.15 2.78 22.65
Nov 2.74 2.56 3.09 17.17
Dec 3.02 2.55 3.20 20.56

Bitfarms (BITF) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 3.42 2.96 3.59 17.63
Feb 4.06 3.79 4.67 18.91
Mar 4.47 4.23 4.88 13.29
Apr 4.33 4.03 5.08 20.80
May 4.03 3.50 4.72 25.86
Jun 4.34 3.78 4.62 18.20
Jul 4.67 3.91 5.49 28.81
Aug 5.39 4.62 6.02 23.25
Sep 5.32 4.93 6.16 19.94
Oct 5.13 4.36 5.52 21.04
Nov 5.68 5.23 6.31 17.05
Dec 5.49 4.87 5.75 15.35

Bitfarms (BITF) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 4.62 4.13 4.84 14.72
Feb 4.79 4.22 5.03 16.12
Mar 4.75 4.23 5.41 21.79
Apr 4.62 3.95 4.88 19.14
May 4.72 4.36 4.93 11.59
Jun 5.12 4.27 5.61 23.87
Jul 4.90 4.22 5.39 21.62
Aug 4.60 4.09 4.84 15.46
Sep 5.43 4.79 6.12 21.85
Oct 5.85 5.54 6.75 17.92
Nov 4.64 4.39 5.15 14.67
Dec 4.71 4.22 5.18 18.42

Bitfarms (BITF) Monthly Stock Prediction for 2028

Month Target Pes. Opt. Vol., %
Jan 4.99 4.47 5.67 21.10
Feb 5.09 4.51 5.35 15.71
Mar 6.02 5.59 6.75 17.07
Apr 6.08 5.27 6.93 23.96
May 5.80 4.86 6.76 28.14
Jun 5.74 5.45 6.55 16.78
Jul 6.64 6.05 7.59 20.21
Aug 6.72 5.60 7.89 29.05
Sep 7.71 6.37 8.46 24.67
Oct 8.89 7.46 9.32 19.94
Nov 8.16 6.78 8.76 22.56
Dec 8.07 7.34 9.37 21.61

Bitfarms information and performance

Bitfarms Address

1376 BAYVIEW AVE, UNIT 1, TORONTO, ON, CA

Market Capitalization: 1 156 645 000 $

Market capitalization of the Bitfarms Ltd. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of BITF shares in the company outstanding by the market price of one share.

EBITDA: 49 576 000 $

EBITDA of Bitfarms is earnings before interest, income tax and depreciation of assets.

PE Ratio: None

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: None

Price/earnings to growth

DPS: None

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: None

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: -0.4

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: N/A
Quarterly Revenue Growth YOY: 0.674
Trailing PE: -

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 93.46

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 6.3

Enterprise Value (EV) /Revenue

EV To EBITDA: 981.37

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 413154000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A



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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.