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Bitfarms (BITF) Stock Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: November 5, 2024 (08:24)
Sector: FinancialThe share price of Bitfarms Ltd. (BITF) now
News Impact Analyzer
Full report
This Week
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Bullish | Impact: 1.13 | News: 2 (1/0/1) |
Previous Week
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Na | Impact: Na | News: Na |
Two Weeks Ago
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Na | Impact: Na | News: Na |
Three Weeks Ago
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Bearish | Impact: 5 | News: 1 |
Analysts predictions
Full report
This Week
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Neutral | Opinions: Na |
Previous Week
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Neutral | Opinions: Na |
Two Weeks Ago
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Neutral | Opinions: Na |
Three Weeks Ago
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Neutral | Opinions: 1 |
Analyzing the Most Important BITF news
Bitcoin Miners Eye AI: A Profitable Pivot?
Bitfarms Bitcoin Output Dips 41% Y/Y Despite October Rebound
Bitcoin Miners Dip in September: BITF Among Decliners
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.
Bitfarms Ltd. Analysts predictions review
As of now, Panda has combed through 1 analytical articles which are directly related to BITF from the last 30 days. Out of these, 0 clearly showcase a bullish trend, while 0 see a bearish trend as the more likely scenario, and 1 stay neutral.
To identify the dominant trend, we took into account analytical articles from the past 30 days, spanning from Oct 09, 2024 to Oct 09, 2024.
Bitfarms: Gaining Clarity Amidst Challenges
In a detailed analytical review, Mike Fay navigates the complexities of BITF stock with a Neutral stance, offering readers a balanced perspective on its potential. Fay, a prolific contributor with 369 publications since 2019, demonstrates significant expertise and dedication, averaging around 92 pieces annually. His insights have garnered a substantial following of 4,583 subscribers, indicative of his popularity and influence in the financial domain. With high credibility, his analyses are highly regarded, providing readers with authoritative viewpoints that are both informed and unbiased. This neutrality in his assessment of BITF stock highlights his commitment to delivering objective, reliable content to those seeking nuanced understanding in the evolving financial landscape.
Key Theses
- Bitfarms has resolved major overhangs such as the leadership uncertainty and the Riot takeover attempt.
- Dilution remains a concern for shareholders.
- Bitfarms has a focus on diversifying its business beyond Bitcoin mining to include areas like energy generation and high-value revenue streams such as HPC and AI.
- The company's stock has underperformed its peers but may have room for short-term growth depending on Bitcoin price movements.
Stock Price Influencing Factors
Leadership and Takeover Resolution
The resolution of the takeover attempt and stabilization of leadership provide a clearer path forward for investors. This clarity is likely to boost investor confidence and positively impact stock prices.
Dilution Concerns
Ongoing dilution can depress stock value by increasing the number of shares outstanding, making each share worth less. Continued issuing of new shares to raise capital can erode long-term shareholder value.
Bitcoin Price Movements
Given Bitfarms is a cryptocurrency mining company, its stock price is highly sensitive to Bitcoin's value. Any increase in Bitcoin price is likely to enhance mining profitability and consequently boost the stock price.
Diversification into AI/HPC and other revenue streams
Entering the AI and HPC market may attract new investors from technology sectors, potentially increasing the stock's valuation. However, this diversification is still in early stages and may not immediately impact the stock.
Review the original AnalysisRiot's Offer Shakes Up Bitfarms: A Compelling Case for Valuation Reassessment
In the latest analytical financial article by Made Easy - Finance, the author presents a Neutral stance on BITF stock, offering a balanced perspective amidst varying market sentiments. With 104 publications since 2021, the author has maintained a steady flow of content, showcasing an impressive commitment to providing timely financial insights. Their perspectives are well-regarded, as evidenced by a substantial subscriber base of 2,123 and a good credibility rating, illustrating a strong foundation of trust in their analyses. This combination of popularity and credibility suggests that the author's viewpoints are well-respected within the financial community. This review promises to deliver an insightful examination of BITF stock, reflecting a nuanced understanding that readers have come to expect from Made Easy - Finance's expert contributions.
Key Theses
- Riot Platforms' offer to acquire Bitfarms at $2.30 per share is fair and compelling.
- Bitfarms is comparable to CleanSpark in cost efficiency and capacity growth at a significantly lower market cap.
- BITF's valuation estimates suggest only a 5% upside in a peak Bitcoin price scenario of $100,000.
- BITF is unlikely to be a portfolio choice for the potential Bitcoin bull run by October 2024.
Factors Influencing BITF Stock Price
Riot Platforms' Acquisition Offer
The offer of $2.30 per share indicates market confidence in Bitfarms' capabilities and represents a potential 40% upside based on a prior price point, pushing the stock's perceived value higher.
Comparability to CleanSpark
Bitfarms rivals CleanSpark in cost efficiency with a $49k cost basis, yet is priced 60% lower, indicating potential undervaluation which could attract investors seeking value.
Bitcoin Price Outlook
The projected peak Bitcoin price of $100,000 greatly influences intrinsic valuations, and any changes in Bitcoin prices will directly affect BITF’s potential market cap and stock price movement.
BITF's Capacity Growth Guidance
The ambitious growth guidance of 86% increase in capacity to 21 EH/s by end of 2024 aligns with future profitability expectations and hence profoundly influences investment appeal and stock valuation.
Depreciation Cost Analysis
A high depreciation cost implies potential undervaluation with a reported cost efficiency rivaling top sector players like CLSK when excluding depreciation, enabling a deeper analysis of BITF's intrinsic value.
Review the original AnalysisCommentary
Comprehensive Analysis of Bitfarms (BITF) Stock Market Performance
Our multifaceted analysis of Bitfarms's stock market is grounded in the company's key news stories, insights from reputable analysts, as well as mathematical and technical evaluations. Taking into account assessments from each of these aspects in real-time helps us address the most crucial questions for investors in the most objective way possible:
- 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.
Bitfarms Ltd. News influencing stock rates
As of now, Panda has combed through 3 news items directly related to BITF from the last 30 days. Out of these, 1 clearly showcase a bullish trend, while 2 display bearish tendencies, and 0 events are neutral.
The strength of the bearish trend is dominating bullish sentiments by 1.56 times, indicating that the current news landscape is negatively impacting the company's stock prices in the foreseeable future.
The news analyzed fell within the period from Oct 07, 2024, to Nov 02, 2024.
Bitfarms Bitcoin Production Dips as Sales Rise
Bitfarms Reaches Settlement with Riot, Brings New Leadership Onboard
Bitfarms Delays Meeting, Proposes Settlement with Riot
Riot's Push for Change: Reduces Board Nominees Amid Governance Clash at Bitfarms
Bitfarms Faces August Decline Amid Rising Difficulty
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., % |
---|---|---|---|---|
Nov 07 | 1.82 | 1.76 | 1.86 | 5.51 |
Nov 08 | 1.77 | 1.74 | 1.83 | 5.41 |
Nov 09 | 1.80 | 1.76 | 1.84 | 4.21 |
Nov 10 | 1.84 | 1.78 | 1.92 | 7.59 |
Nov 11 | 1.91 | 1.82 | 1.95 | 7.04 |
Nov 12 | 1.94 | 1.90 | 1.98 | 4.14 |
Nov 13 | 2.01 | 1.94 | 2.08 | 7.47 |
Nov 14 | 1.96 | 1.86 | 2.05 | 9.77 |
Nov 15 | 1.85 | 1.80 | 1.88 | 4.46 |
Nov 16 | 1.87 | 1.84 | 1.97 | 6.90 |
Nov 17 | 1.78 | 1.72 | 1.86 | 8.47 |
Nov 18 | 1.80 | 1.77 | 1.83 | 3.20 |
Nov 19 | 1.86 | 1.76 | 1.91 | 8.72 |
Nov 20 | 1.83 | 1.80 | 1.90 | 5.34 |
Nov 21 | 1.83 | 1.73 | 1.87 | 7.99 |
Nov 22 | 1.90 | 1.85 | 2.01 | 8.51 |
Nov 23 | 1.98 | 1.94 | 2.09 | 7.34 |
Nov 24 | 2.01 | 1.96 | 2.08 | 6.11 |
Nov 25 | 1.87 | 1.77 | 1.94 | 9.24 |
Nov 26 | 1.92 | 1.83 | 1.97 | 7.63 |
Nov 27 | 1.91 | 1.84 | 1.99 | 7.69 |
Nov 28 | 1.91 | 1.81 | 1.99 | 9.88 |
Nov 29 | 2.02 | 1.96 | 2.08 | 5.91 |
Nov 30 | 2.15 | 2.06 | 2.27 | 9.76 |
Dec 01 | 2.22 | 2.12 | 2.31 | 9.04 |
Dec 02 | 2.23 | 2.13 | 2.30 | 8.01 |
Dec 03 | 2.19 | 2.10 | 2.23 | 6.43 |
Dec 04 | 2.26 | 2.14 | 2.30 | 7.70 |
Dec 05 | 2.18 | 2.15 | 2.29 | 6.32 |
Dec 06 | 2.18 | 2.10 | 2.22 | 5.36 |
Bitfarms Daily Price Targets
Bitfarms Stock Forecast 11-07-2024.
Forecast target price for 11-07-2024: $1.82.
Positive dynamics for Bitfarms shares will prevail with possible volatility of 5.221%.
Pessimistic target level: 1.76
Optimistic target level: 1.86
Bitfarms Stock Forecast 11-08-2024.
Forecast target price for 11-08-2024: $1.77.
Negative dynamics for Bitfarms shares will prevail with possible volatility of 5.137%.
Pessimistic target level: 1.74
Optimistic target level: 1.83
Bitfarms Stock Forecast 11-09-2024.
Forecast target price for 11-09-2024: $1.80.
Positive dynamics for Bitfarms shares will prevail with possible volatility of 4.042%.
Pessimistic target level: 1.76
Optimistic target level: 1.84
Bitfarms Stock Forecast 11-10-2024.
Forecast target price for 11-10-2024: $1.84.
Positive dynamics for Bitfarms shares will prevail with possible volatility of 7.053%.
Pessimistic target level: 1.78
Optimistic target level: 1.92
Bitfarms Stock Forecast 11-11-2024.
Forecast target price for 11-11-2024: $1.91.
Positive dynamics for Bitfarms shares will prevail with possible volatility of 6.577%.
Pessimistic target level: 1.82
Optimistic target level: 1.95
Bitfarms Stock Forecast 11-12-2024.
Forecast target price for 11-12-2024: $1.94.
Positive dynamics for Bitfarms shares will prevail with possible volatility of 3.971%.
Pessimistic target level: 1.90
Optimistic target level: 1.98
BITF (BITF) Monthly Stock Prediction for 2024
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Dec. | 2.21 | 2.08 | 2.40 | 13.58 |
Bitfarms forecast for this year
Bitfarms Stock Prediction for Dec 2024
An uptrend is forecast for this month with an optimal target price of $2.21191. Pessimistic: $2.08. Optimistic: $2.40
Bitfarms (BITF) Monthly Stock Prediction for 2025
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Jan | 2.54 | 2.37 | 2.78 | 14.50 |
Feb | 2.42 | 2.12 | 2.55 | 16.72 |
Mar | 1.93 | 1.83 | 2.05 | 10.96 |
Apr | 1.99 | 1.81 | 2.12 | 14.68 |
May | 2.08 | 1.87 | 2.37 | 21.21 |
Jun | 2.16 | 1.82 | 2.49 | 26.93 |
Jul | 2.24 | 2.10 | 2.34 | 10.12 |
Aug | 2.31 | 2.21 | 2.65 | 16.87 |
Sep | 2.72 | 2.32 | 2.87 | 19.15 |
Oct | 2.88 | 2.49 | 3.32 | 24.97 |
Nov | 3.06 | 2.70 | 3.40 | 20.41 |
Dec | 2.84 | 2.34 | 3.10 | 24.57 |
Bitfarms (BITF) Monthly Stock Prediction for 2026
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Jan | 3.04 | 2.67 | 3.33 | 19.90 |
Feb | 3.01 | 2.79 | 3.43 | 18.74 |
Mar | 2.91 | 2.50 | 3.17 | 21.03 |
Apr | 2.92 | 2.53 | 3.33 | 24.15 |
May | 3.39 | 2.90 | 3.98 | 26.99 |
Jun | 3.43 | 2.91 | 3.96 | 26.50 |
Jul | 2.89 | 2.63 | 3.14 | 16.21 |
Aug | 2.29 | 1.99 | 2.41 | 17.38 |
Sep | 2.40 | 2.11 | 2.72 | 22.54 |
Oct | 2.02 | 1.76 | 2.22 | 20.66 |
Nov | 2.10 | 1.77 | 2.34 | 24.43 |
Dec | 2.48 | 2.10 | 2.60 | 19.10 |
Bitfarms information and performance
1376 BAYVIEW AVE, UNIT 1, TORONTO, ON, CA
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 of Bitfarms is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
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.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
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 P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Related stocks from Financial sector
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.
Commentary
Bitfarms seems to be navigating its recent turbulence with a resolved leadership landscape and quelling of the Riot takeover. These shifts offer a glimmer of stability, enhancing investor confidence in the short term. The attention on diversifying beyond Bitcoin mining into AI and HPC could spark interest, though its effects may not register immediately. It's like they've set the chess pieces, and now it's about making those strategic moves. The calculated average influence of the discussed factors is around a solid 7.8 for the next 15 days, indicating a modest potential for positive movement barring significant dips or rises in Bitcoin.
In a month's span, with continued Bitcoin volatility and the recurring theme of dilution concerns, the influence might average slightly lower, suggesting a cautious outlook with a balanced watch on cryptomarket trends. Bitfarms' stock seemingly rests at a crossroads where visionary expansion meets operational reality. Are they painting with bold new strokes or merely coloring within the lines? Current trends suggest they'll find their footing on this path, albeit with eyes wide open. It's like watching your favorite sports team: hopeful, yet aware of the challenges ahead.