Bitfarms Ltd. Operating Income

Operating Income of BITF for past 10 years: annual, quarterly and twelve month trailing (TTM) including Operating Income growth rates and interactive chart. Operating income is the amount of profit realized from a business's operations, after deducting operating expenses such as wages, depreciation, and cost of goods sold (COGS). Operating income–also called income from operations–takes a company's gross income, which is equivalent to total revenue minus COGS, and subtracts all operating expenses. A business's operating expenses are costs incurred from normal operating activities and include items such as office supplies and utilities. Operating income is measured before interest and tax expenses and is a good gauge of a company's operational profitability.

Highlights and Quick Summary

  • Operating Income for the quarter ending September 29, 2021 was $34.2 Million (a -1734.45% decrease compared to previous quarter)
  • Year-over-year quarterly Operating Income increased by 6179.41%
  • Annual Operating Income for 2020 was $-5.29 Million (a -478.06% decrease from previous year)
  • Annual Operating Income for 2019 was $1.4 Million (a -107.77% decrease from previous year)
  • Twelve month Operating Income ending September 29, 2021 was $49.1 Million (a 306.2% increase compared to previous quarter)
  • Twelve month trailing Operating Income decreased by -1028.06% year-over-year
Trailing Operating Income for the last four month:
29 Sep '21 29 Jun '21 30 Mar '21 30 Dec '20
$49.1 Million $12.1 Million $12.7 Million $-5.29 Million
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Historical Operating Income of Bitfarms Ltd.

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

Interactive Chart of Operating Income of Bitfarms Ltd.

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

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $34.16 $-2.09 $16.47
2020 $0.54 $-2.84 $-1.48 $-1.51 $-5.29
2019 $0.42 $2.11 $0.58 $-1.71 $1.4
2018 $-18.0

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.