Bitfarms Ltd. Net Income

Net Income of BITF for past 10 years: annual, quarterly and twelve month trailing (TTM) including Net Income growth rates and interactive chart. Net income (NI), also called net earnings, is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses. It is the profit available to all shareholders, both preferred and common.

Highlights and Quick Summary

  • Net Income for the quarter ending September 29, 2021 was $23.7 Million (a -745.8% decrease compared to previous quarter)
  • Year-over-year quarterly Net Income decreased by -541.63%
  • Annual Net Income for 2020 was $-16.3 Million (a -873.09% decrease from previous year)
  • Annual Net Income for 2019 was $2.11 Million (a -111.55% decrease from previous year)
  • Twelve month Net Income ending September 29, 2021 was $7.08 Million (a -133.06% decrease compared to previous quarter)
  • Twelve month trailing Net Income decreased by -143.46% year-over-year
Trailing Net Income for the last four month:
29 Sep '21 29 Jun '21 30 Mar '21 30 Dec '20
$7.08 Million $-21.4 Million $-21.5 Million $-16.3 Million
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Historical Net Income of Bitfarms Ltd.

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

Interactive Chart of Net Income of Bitfarms Ltd.

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

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $23.73 $-3.68 $-7.61
2020 $-5.37 $-4.76 $-3.73 $-2.42 $-16.29
2019 $1.12 $4.31 $-1.32 $-2.01 $2.11
2018 $-18.24 $-18.24

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.