Bitfarms Ltd. Accounts Payable

Accounts Payable of BITF for past 10 years: annual, quarterly and twelve month trailing (TTM) including Accounts Payable growth rates and interactive chart. Accounts payable (AP) represents a company's obligation to pay off a short-term debt to its creditors or suppliers. Accounts payable are amounts due to vendors or suppliers for goods or services received that have not yet been paid for. The sum of all outstanding amounts owed to vendors is shown as the accounts payable balance on the company's balance sheet. The increase or decrease in total AP from the prior period appears on the cash flow statement.

Highlights and Quick Summary

  • Accounts Payable for the quarter ending September 29, 2021 was $6.62 Million (a 3.98% increase compared to previous quarter)
  • Year-over-year quarterly Accounts Payable increased by 145.36%
  • Annual Accounts Payable for 2020 was $2.7 Million (a 12.85% increase from previous year)
  • Annual Accounts Payable for 2019 was $2.39 Million (a -15.28% decrease from previous year)
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Historical Accounts Payable of Bitfarms Ltd.

Most recent Accounts Payableof BITF including historical data for past 10 years.

Interactive Chart of Accounts Payable of Bitfarms Ltd.

Bitfarms Ltd. Accounts Payable for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $6.62 $6.36 $3.12
2020 $2.7 $2.0 $2.14 $2.21 $2.7
2019 $2.39 $2.39
2018 $2.82 $2.82

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.