Bitfarms Ltd. Goodwill and Intangible Assets (Total)

Goodwill and Intangible Assets (Total) of BITF for past 10 years: annual, quarterly and twelve month trailing (TTM) including Goodwill and Intangible Assets (Total) growth rates and interactive chart. The sum of goodwill and all other intangible assets. Intangible assets are items that a company owns and derives benefit from, but is unable to physically measure and count. Examples of intangible assets include patents, trademarks and copyrights. Goodwill is a special type of intangible asset that normally appears in a company's balance sheet following a business combination. When the fair value of the consideration paid by the purchaser for an entity exceeds the fair value of the net assets they have acquired, the purchaser must recognize the resulting difference as goodwill in their balance sheet.


Highlights and Quick Summary

  • Goodwill and Intangible Assets (Total) for the quarter ending June 29, 2021 was $252 Thousand (a -20.0% decrease compared to previous quarter)
  • Year-over-year quarterly Goodwill and Intangible Assets (Total) decreased by -44.86%
  • Annual Goodwill and Intangible Assets (Total) for 2020 was $377 Thousand (a -44.15% decrease from previous year)
  • Annual Goodwill and Intangible Assets (Total) for 2019 was $675 Thousand (a -33.37% decrease from previous year)
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Historical Goodwill and Intangible Assets (Total) of Bitfarms Ltd.

Most recent Goodwill and Intangible Assets (Total)of BITF including historical data for past 10 years.

Interactive Chart of Goodwill and Intangible Assets (Total) of Bitfarms Ltd.

Bitfarms Ltd. Goodwill and Intangible Assets (Total) for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $0.25 $0.32
2020 $0.38 $0.46 $0.55 $0.64 $0.38
2019 $0.68 $0.0 $0.0 $0.0 $0.68
2018 $1.01 $1.01

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.