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.
Revenue of Bitfarms Ltd. (BITF)
Revenue in 2023 (TTM): $146.37 M
According to Bitfarms Ltd.'s latest financial reports the company's current revenue (TTM) is $146.37 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Bitfarms Ltd.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $146.37 M | $-21,502,000 | $-15,858,589 | $-104,437,000 | $-104,036,000 |
| 2022 | $-8,382,000 | $-140,292,000 | $-102,198,555 | $-256,462,000 | $-239,050,000 |
| 2021 | $169.2 M | $110.83 M | $70.82 M | $42.64 M | $22.13 M |
| 2020 | $34.79 M | $-1,903,000 | $1.7 M | $-16,117,000 | $-16,289,000 |
| 2019 | $32.42 M | $5.44 M | $10.06 M | $-484,000 | $2.11 M |
| 2018 | $33.81 M | $10.88 M | $-5,172,065 | $-18,177,000 | $-9,363,000 |
| 2017 | $8.97 M | $7.58 M | $8.29 M | $7.14 M | $5.08 M |