Bitfarms Ltd. SG&A Expenses

SG&A Expenses of BITF for past 10 years: annual, quarterly and twelve month trailing (TTM) including SG&A Expenses growth rates and interactive chart. Selling, general and administrative expense (SG&A) is reported on the income statement as the sum of all direct and indirect selling expenses and all general and administrative expenses (G&A) of a company. SG&A, also known as SGA, includes all the costs not directly tied to making a product or performing a service. That is, SG&A includes the costs to sell and deliver products and services and the costs to manage the company. It includes administrative

Highlights and Quick Summary

  • SG&A Expenses for the quarter ending June 29, 2021 was $10.6 Million (a 276.27% increase compared to previous quarter)
  • Year-over-year quarterly SG&A Expenses increased by 486.35%
  • Annual SG&A Expenses for 2020 was $8.25 Million (a -17.37% decrease from previous year)
  • Annual SG&A Expenses for 2019 was $9.98 Million (a 13.26% increase from previous year)
  • Twelve month SG&A Expenses ending June 29, 2021 was $17.5 Million (a 111.76% increase compared to previous quarter)
  • Twelve month trailing SG&A Expenses increased by 108.46% year-over-year
Trailing SG&A Expenses for the last four month:
29 Jun '21 30 Mar '21 30 Dec '20 29 Sep '20
$17.5 Million $8.26 Million $8.25 Million $8.4 Million
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Historical SG&A Expenses of Bitfarms Ltd.

Most recent SG&A Expensesof BITF including historical data for past 10 years.

Interactive Chart of SG&A Expenses of Bitfarms Ltd.

Bitfarms Ltd. SG&A Expenses for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $10.61 $2.82
2020 $2.27 $1.81 $1.37 $2.81 $8.25
2019 $2.41 $2.3 $3.36 $1.92 $9.98
2018 $8.82

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.