Bitfarms (BITF) Stock Forecast for 2024, 2025, 2026. Sell or Buy Prediction







A Comprehensive Guide to RoadRunner Auto Transport Services

October 22, 2024 A Comprehensive Guide to RoadRunner Auto Transport Services

If you want to ship your car from one city to another, why not hire the experts to do everything for you? They…
Mastering Trading Indicators: Your Essential Toolkit For Success

October 3, 2024 Mastering Trading Indicators: Your Essential Toolkit For Success

Often investors struggle to identify profitable trades consistently. Trading indicators provide essential data to guide trading decisions. This article explains key indicators and…
Maximizing Profits: When is the Right Time to Sell Your Business?

April 23, 2024 Maximizing Profits: When is the Right Time to Sell Your Business?

Selling a business can be a momentous decision filled with many considerations and uncertainties. As an entrepreneur, this also symbolizes your years of…
Improve Your Financial Status: A How-To Guide

April 12, 2024 Improve Your Financial Status: A How-To Guide

Navigating through the complexities of personal finance can often feel like walking through a maze blindfolded. This guide is crafted especially for you,…

Bitfarms (BITF) Stock Forecast for 2024, 2025, 2026. Sell or Buy?

Updated: November 5, 2024 (08:24)

Sector: Financial

The share price of Bitfarms Ltd. (BITF) now

Latest session on the 4th of November for
Bitfarms Ltd. is negative
Trading Volume: 32372607
Open: 1.81 /  High: 1.83 /  Low: 1.71
What analysts predict: $3.89
52-week High/Low: $3.91 / $1.01
50-Day Moving Average: $2.025 — resistance level today
200-Day Moving Average: $2.288 — resistance level today

News Impact Analyzer

Full report
This Week
Bullish Impact: 1.13 News: 2 (1/0/1)
Previous Week
Na Impact: Na News: Na
Two Weeks Ago
Na Impact: Na News: Na
Three Weeks Ago
Bearish Impact: 5 News: 1

Analysts predictions

Full report
This Week
Neutral Opinions: Na
Previous Week
Neutral Opinions: Na
Two Weeks Ago
Neutral Opinions: Na
Three Weeks Ago
Neutral Opinions: 1

Analyzing the Most Important BITF news

Bitcoin Miners Eye AI: A Profitable Pivot?

Nov 02, 2024
Trend: Bullish
Influence: 8
BITF is positioned to positively leverage their existing infrastructure by shifting towards AI, capitalizing on the synergy between power supply and AI demand. This diversification could enhance profitability, minimizing exposure to bitcoin volatility, and thus energizes investor confidence. Considering similar positive market reactions for peers like Core Scientific, BITF is likely to see a rise in its stock price.

Bitfarms Bitcoin Output Dips 41% Y/Y Despite October Rebound

Nov 01, 2024
Trend: Bearish
Influence: 7
The significant year-over-year production decrease of 41% despite a slight month-over-month recovery suggests operational challenges. The rise in bitcoin difficulty and reduced BTC production are concerning, signaling potential future revenue issues. This likely puts downward pressure on BITF's stock price, making the trend bearish. The impact is considerable, as it reflects underlying operational inefficiencies or external market pressures.

Bitcoin Miners Dip in September: BITF Among Decliners

Oct 07, 2024
Trend: Bearish
Influence: 6
BITF's decline in production contributes to a bearish trend for the company, as decreased bitcoin mining output reflects potential operational or financial challenges. This dip could weaken investor sentiment towards BITF, potentially leading to a negative impact on its stock price. The lack of production rebound indicates struggles in matching July's performance, accentuating the bearish outlook.

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

Trend: Neutral
Oct 09, 2024

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

Significance: 8 out of 10

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

Significance: 7 out of 10

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

Significance: 10 out of 10

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

Significance: 6 out of 10

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 Analysis

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.

Riot's Offer Shakes Up Bitfarms: A Compelling Case for Valuation Reassessment

Trend: Neutral
Sep 18, 2024

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

Significance: 8 out of 10

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

Significance: 7 out of 10

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

Significance: 10 out of 10

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

Significance: 9 out of 10

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

Significance: 6 out of 10

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 Analysis

Commentary

Riot Platforms’ recent $2.30 per share acquisition offer for Bitfarms has brought the company into the spotlight. This proposal underscores confidence in Bitfarms' capabilities, offering a significant 40% upside, hinting at potential market undervaluation. With Bitfarms' cost efficiency mirroring that of CleanSpark but at a notably lower price, the offer may stimulate interest from value-focused investors. The ambitious guideline projecting an 86% growth in capacity by the end of 2024 adds layers to BITF's investment narrative, painting a picture of future profitability despite high depreciation costs suggesting further undervaluation. When analyzing the potential stock movement, the significant influence of the projected peak Bitcoin price, estimated at $100,000, cannot be overstated. This factor alone bears the highest weight on BITF’s market dynamics. However, with an average influence strength of approximately 8 from all identified factors, the stock trend is expected to remain relatively stable in the coming fortnight to month. Considering these dynamics, investors may remain cautious, adopting a 'wait-and-see' approach until clearer signals emerge from Bitcoin price trajectories and Bitfarms' strategic growth initiatives.
Aug 28, 2024
Bitfarms Faces Mixed Blessings: Bold Leadership Amidst Uncertainty
Trend: Neutral

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.

βeta
Oct 01, 2024

Bitfarms Bitcoin Production Dips as Sales Rise

Trend: Bearish
Influence: 6
The decline in Bitcoin production from Bitfarms indicates potential operational or market challenges, marking a bearish trend for the company. Despite the slight pre-market price rise, the decreased output and increased Bitcoin sales imply financial pressure or strategic shifts. This could lead to negative sentiment among investors, influencing the stock price downward in the short term.
Sep 23, 2024

Bitfarms Reaches Settlement with Riot, Brings New Leadership Onboard

Trend: Bullish
Influence: 6
The settlement with Riot and the introduction of Amy Freedman as a board member are positive developments for Bitfarms, signaling a focus on governance and strategic growth beyond Bitcoin mining. These actions may enhance investor confidence and contribute to stock stability, positively influencing BITF's market performance in the short to medium term.
Sep 09, 2024

Bitfarms Delays Meeting, Proposes Settlement with Riot

Trend: Bullish
Influence: 7
The extension of the meeting provides Bitfarms more time to negotiate with Riot, aiming for a less confrontational and costly resolution. Riot's reduction of board nominees and its increased stake in Bitfarms suggest a possible collaborative future, reassuring investors. This potential for stabilizing leadership and strategic alignment lifts confidence, potentially boosting Bitfarms' stock price.
Sep 03, 2024

Riot's Push for Change: Reduces Board Nominees Amid Governance Clash at Bitfarms

Trend: Bearish
Influence: 6
Riot's reduction of board nominees at Bitfarms points to ongoing governance conflicts. Riot's criticism of Bitfarms' poison pill and acquisition plans suggests potential instability and lack of cooperation. These issues could deter investor confidence, potentially pressuring BITF's stock. The influence level reflects Riot's significant stake and the ongoing proxy battle's capacity to impact shareholder perceptions and stock valuation.
Sep 03, 2024

Bitfarms Faces August Decline Amid Rising Difficulty

Trend: Bearish
Influence: 6
Bitfarms' recent decrease in Bitcoin production due to heightened network difficulty and the sale of a significant portion of its earnings can be seen as a bearish signal. Although expansions are underway, the short-term decline in productivity and ongoing adjustments could negatively impact investor confidence, moderately influencing stock performance until upcoming strategies generate tangible results.

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.

Trending Themes in the Financial Sector

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

Bitfarms Address

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

Market Capitalization: 854 194 000 $

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: 53 185 000 $

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: -0.36

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: 0.171
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: 84.03

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

EV To Revenue: 3.903

Enterprise Value (EV) /Revenue

EV To EBITDA: 22.23

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

Shares Outstanding: 459244000

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


Related stocks from Financial sector


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.