Bitfarms Ltd. Gross Profit

Gross Profit of BITF for past 10 years: annual, quarterly and twelve month trailing (TTM) including Gross Profit growth rates and interactive chart. Gross profit is a company's net sales revenue minus its cost of goods sold (or cost of revenue). In other words, it is the sales revenue a company retains after incurring the direct costs associated with producing the goods it sells, and the services it provides.

Highlights and Quick Summary

  • Gross Profit for the quarter ending September 29, 2021 was $29.5 Million (a 26.17% increase compared to previous quarter)
  • Year-over-year quarterly Gross Profit increased by 973.91%
  • Annual Gross Profit for 2020 was $2.87 Million (a -74.88% decrease from previous year)
  • Annual Gross Profit for 2019 was $11.4 Million (a 5.17% increase from previous year)
  • Twelve month Gross Profit ending September 29, 2021 was $74.9 Million (a 68.73% increase compared to previous quarter)
  • Twelve month trailing Gross Profit increased by 2506.3% year-over-year
Trailing Gross Profit for the last four month:
29 Sep '21 29 Jun '21 30 Mar '21 30 Dec '20
$74.9 Million $44.4 Million $20.9 Million $2.87 Million
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Historical Gross Profit of Bitfarms Ltd.

Most recent Gross Profitof BITF including historical data for past 10 years.

Interactive Chart of Gross Profit of Bitfarms Ltd.

Bitfarms Ltd. Gross Profit for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $29.47 $23.36 $19.31
2020 $2.74 $-1.03 $-0.13 $1.3 $2.87
2019 $2.83 $4.46 $3.93 $0.21 $11.44
2018 $10.88

Business Profile of Bitfarms Ltd.

Sector: Financial Services
Industry: Capital Markets
Bitfarms Ltd., a blockchain infrastructure company, mines for cryptocurrency coins and tokens in North America. The company owns and operates server farms comprising computers that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. It also provides electrician services to commercial and residential customers in Quebec, Canada. It also provides hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.