Bitfarms Financials

Bitfarms Stock Summary

Bitfarms competes with Comstock Holding, Molecular Partners, Old Republic, LGI Homes, and Hooker Furniture. Bitfarms Ltd., a blockchain infrastructure company, mines for cryptocurrency coins and tokens in North America. The company was founded in 2017 and is headquartered in Toronto, Canada. Bitfarms operates under Capital Markets classification in the United States and is traded on OTC Exchange.

Bitfarms Key Financial Ratios

Generally speaking, Bitfarms' financial ratios allow both analysts and investors to convert raw data from Bitfarms' financial statements into concise, actionable information that can be used to evaluate the performance of Bitfarms over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Bitfarms reports annually and quarterly.

Bitfarms Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Bitfarms's current stock value. Our valuation model uses many indicators to compare Bitfarms value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Bitfarms competition to find correlations between indicators driving Bitfarms's intrinsic value. More Info.Bitfarms is number one stock in return on equity category among related companies. It is number one stock in return on asset category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value Bitfarms by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Bitfarms' Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Bitfarms' earnings, one of the primary drivers of an investment's value.

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If you are still planning to invest in Bitfarms check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Bitfarms' history and understand the potential risks before investing.