Bitfarms Ltd. Gross Margin

Gross Margin of BITF for past 10 years: annual, quarterly and twelve month trailing (TTM) including Gross Margin growth rates and interactive chart. Gross profit margin shows the percentage of revenue that exceeds a company's costs of goods sold. It illustrates how well a company is generating revenue from the costs involved in producing their products and services. The higher the margin, the more effective the company's management is in generating revenue for each dollar of cost. Gross profit margin is calculated by subtracting the cost of goods sold from total revenue for the period and dividing that number by revenue. If a company has $200 million in revenue and $80 million in cost of goods sold, the gross margin is 60%.

Highlights and Quick Summary

  • Gross Margin for the quarter ending September 29, 2021 was 65.81% (a 3.38% increase compared to previous quarter)
  • Year-over-year quarterly Gross Margin increased by 171.61%
  • Annual Gross Margin for 2020 was 8.28% (a -76.53% decrease from previous year)
  • Annual Gross Margin for 2019 was 35.28% (a 9.63% increase from previous year)
  • Twelve month Gross Margin ending September 29, 2021 was 61.77% (a 15.85% increase compared to previous quarter)
  • Twelve month trailing Gross Margin increased by 646.01% year-over-year
Trailing Gross Margin for the last four month:
29 Sep '21 29 Jun '21 30 Mar '21 30 Dec '20
61.77% 53.32% 38.74% 8.28%
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Historical Gross Margin of Bitfarms Ltd.

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

Interactive Chart of Gross Margin of Bitfarms Ltd.

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

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 65.81% 63.66% 67.92%
2020 24.23% -15.19% -1.82% 14.06% 8.28%
2019 26.9% 45.83% 46.14% 5.84% 35.28%
2018 32.18%

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.