Risk factor
Very high price volatility
Profitability factor
Favourable analyst view
About
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.
Company Valuation
Based on key historical and expected multiples, the stock is overvalued relative to its peers.
Target Price
The average target price of BITF is 5.2 and suggests 139% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to increa
Buy
Sell