Bitfarms Ltd. Net Debt

Net Debt of BITF for past 10 years: annual, quarterly and twelve month trailing (TTM) including Net Debt growth rates and interactive chart. Net debt is the sum of all interest-bearing debt (short-term and long-term) minus cash and short-term investments. A positive number indicates the company's total debt exceeds its cash and short-term investments balances, while a negative number means the company has more cash than its total debt. This figure is also used in Enterprise value calculation.


Highlights and Quick Summary

  • Net Debt for the quarter ending September 29, 2021 was $-26.1 Million (a 42.35% increase compared to previous quarter)
  • Year-over-year quarterly Net Debt decreased by -250.63%
  • Annual Net Debt for 2020 was $17.3 Million (a -10.04% decrease from previous year)
  • Annual Net Debt for 2019 was $19.3 Million (a 1553.6% increase from previous year)
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Historical Net Debt of Bitfarms Ltd.

Most recent Net Debtof BITF including historical data for past 10 years.

Interactive Chart of Net Debt of Bitfarms Ltd.

Bitfarms Ltd. Net Debt for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $-26.13 $-18.36 $-43.52
2020 $17.35 $20.87 $19.83 $18.35 $17.35
2019 $19.28 $19.28
2018 $1.17 $1.17

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.