Bitfarms Ltd. Receivables

Receivables of BITF for past 10 years: annual, quarterly and twelve month trailing (TTM) including Receivables growth rates and interactive chart. Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivables are listed on the balance sheet as a current asset. AR is any amount of money owed by customers for purchases made on credit. When a company makes a sale, it records revenues and a corresponding balance in accounts receivable. When an invoice is paid, the accounts payable account is reduced and cash is received. Receivables should grow in-line with revenue over time, if they are growing much faster, a company might be booking revenue too aggressively.

Highlights and Quick Summary

  • Receivables for the quarter ending June 29, 2021 was $880 Thousand (a -14.56% decrease compared to previous quarter)
  • Year-over-year quarterly Receivables decreased by -38.59%
  • Annual Receivables for 2020 was $1.1 Million (a -61.31% decrease from previous year)
  • Annual Receivables for 2019 was $2.85 Million (a 212.61% increase from previous year)
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Historical Receivables of Bitfarms Ltd.

Most recent Receivablesof BITF including historical data for past 10 years.

Interactive Chart of Receivables of Bitfarms Ltd.

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

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $0.88 $1.03 – – –
2020 $1.1 $1.43 $2.41 $2.33 $1.1
2019 – – – $2.85 $2.85
2018 $0.91 – – – $0.91

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.
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