Bitfarms Ltd. Revenue

Revenue of BITF for past 10 years: annual, quarterly and twelve month trailing (TTM) including Revenue growth rates and interactive chart. Revenue is the income generated from normal business operations and includes discounts and deductions for returned merchandise. It is the top line or gross income figure from which costs are subtracted to determine net income.

Highlights and Quick Summary

  • Revenue for the quarter ending June 29, 2021 was $36.7 Million (a 29.03% increase compared to previous quarter)
  • Year-over-year quarterly Revenue increased by 439.91%
  • Annual Revenue for 2020 was $34.7 Million (a 7.04% increase from previous year)
  • Annual Revenue for 2019 was $32.4 Million (a -4.09% decrease from previous year)
  • Twelve month Revenue ending June 29, 2021 was $83.2 Million (a 54.36% increase compared to previous quarter)
  • Twelve month trailing Revenue increased by 145.43% year-over-year
Trailing Revenue for the last four month:
29 Jun '21 30 Mar '21 30 Dec '20 29 Sep '20
$83.2 Million $53.9 Million $34.7 Million $33.9 Million
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Historical Revenue of Bitfarms Ltd.

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

Interactive Chart of Revenue of Bitfarms Ltd.

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

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $36.69 $28.43
2020 $11.32 $6.8 $7.37 $9.21 $34.7
2019 $10.54 $9.74 $8.52 $3.63 $32.42
2018 $33.81

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.