BITF

Bitfarms Ltd.

Halal Rating :
Uncomfortable
Last Price $1.59 Last updated:
Market Cap $979.29m
7D Change -23.19%
1 Year Change -50.93%
Company Overview Use of Interest Company Impact Justification for our Halal Rating Recent News

Company Overview

Industries
  • Finance
  • Insurance
  • And Real Estate
  • Banking
  • Financial Services
Exchange NASDAQ
Next Earnings Date March 18, 2024

Bitfarms Ltd. is a vertically integrated cryptocurrency mining company that operates facilities across North America. The company mines primarily Bitcoin using specialized computing equipment. Their business model involves using computing power to validate cryptocurrency transactions and maintain blockchain networks, receiving cryptocurrency rewards in return for these services.

Use of Interest

Reporting Date Total Revenue Total Operating Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
June 30, 2024 $41.54m $65.5m $2.04m $349000.0 4.92% 0.53%
March 31, 2024 $50.09m $74.31m $680000.0 $378000.0 1.36% 0.51%
Dec. 31, 2023 $47.52m $63.37m - $638163.0 0.00% 1.01%

Company Impact

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