Bitfarms Ltd. Capital expenditures

Capital expenditures of BITF for past 10 years: annual, quarterly and twelve month trailing (TTM) including Capital expenditures growth rates and interactive chart. Capital expenditures, commonly known as Capex, are funds used by a company to acquire, upgrade, and maintain physical or intangible assets such as property, buildings, an industrial plant, technology, software or equipment. Capex is often used to undertake new projects or investments by the firm. A company must invest over its lifetime into productive assets to maintain its competitiveness and ensure its survival.

Highlights and Quick Summary

  • Capital expenditures for the quarter ending September 29, 2021 was $-27.7 Million (a 26.51% increase compared to previous quarter)
  • Year-over-year quarterly Capital expenditures decreased by -4641.64%
  • Annual Capital expenditures for 2020 was $-3.57 Million (a -83.93% decrease from previous year)
  • Annual Capital expenditures for 2019 was $-22.2 Million (a -0.04% decrease from previous year)
  • Twelve month Capital expenditures ending September 29, 2021 was $-55.9 Million (a 87.93% increase compared to previous quarter)
  • Twelve month trailing Capital expenditures increased by 1462.84% year-over-year
Trailing Capital expenditures for the last four month:
29 Sep '21 29 Jun '21 30 Mar '21 30 Dec '20
$-55.9 Million $-29.7 Million $-9.68 Million $-3.57 Million
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Historical Capital expenditures of Bitfarms Ltd.

Most recent Capital expendituresof BITF including historical data for past 10 years.

Interactive Chart of Capital expenditures of Bitfarms Ltd.

Bitfarms Ltd. Capital expenditures for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $-27.7 $-21.9 $-6.86
2020 $0.61 $-1.57 $-1.86 $-0.75 $-3.57
2019 $-5.4 $-12.37 $-4.07 $-0.4 $-22.24
2018 $-22.25 $-22.25

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.