Risk factor
Very high price volatility
Profitability factor
Favourable analyst view
In Guru Portfolios
Manager | Fund | Portfolio Weight (%) | Change |
|---|---|---|---|
| Steven Cohen | Point72 Asset Management, L.P. | 0.0% | +0.03% |
| Kenneth Griffin | CITADEL ADVISORS LLC | 0.0% | +0.01% |
About
Bitfarms Ltd. is a North American enterprise primarily involved in the extraction of various cryptocurrencies. The firm operates its own server facilities, primarily dedicated to validating transactions within the Bitcoin Blockchain and generating revenue through block rewards and transaction fees. Beyond its core mining operations, Bitfarms also extends electrician services to both commercial and residential clients in Quebec, Canada. Furthermore, it offers hosting solutions for cryptocurrency mining equipment owned by other entities. Established in 2017, the company's main office is situated 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