Bitfarms Ltd. is a cryptocurrency mining company operating server farms in North America to validate Bitcoin transactions. While it boasts a strong current ratio of 5.58, indicating good liquidity, its financial health is concerning with a gross margin of -8.2% and a net margin of -124.1%, reflecting significant operational losses. The high debt-to-equity ratio of 1.19 raises concerns about leverage. Overall, the company faces challenges in profitability despite its liquidity position, indicating potential risks for investors.
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Company posted a loss of $-284.5M over the last year, representing 124.1% of revenue.
Operating cash flow has been negative for 3 consecutive quarters, burning $226.6M over the last year.
Strong revenue growth of 18.9% YoY indicates solid business momentum.
Gross margin expanded by 8.5 percentage points, indicating improved pricing power or cost efficiency.
Low debt-to-revenue ratio of 0.0% indicates conservative financial management.
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Based on 2025-FY (December 31, 2025)