Bitfarms Ltd. Working Capital

Working Capital of BITF for past 10 years: annual, quarterly and twelve month trailing (TTM) including Working Capital growth rates and interactive chart. Working capital, also known as net working capital (NWC), is the difference between a company’s current assets, such as cash, accounts receivable (customers’ unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable. Net operating working capital is a measure of a company's liquidity and refers to the difference between operating current assets and operating current liabilities. In many cases these calculations are the same and are derived from company cash plus accounts receivable plus inventories, less accounts payable and less accrued expenses. Working capital is a measure of a company's liquidity, operational efficiency and its short-term financial health. If a company has substantial positive working capital, then it should have the potential to invest and grow. If a company's current assets do not exceed its current liabilities, then it may have trouble growing or paying back creditors, or even go bankrupt.

Highlights and Quick Summary

  • Working Capital for the quarter ending June 29, 2021 was $64.5 Million (a -19.25% decrease compared to previous quarter)
  • Year-over-year quarterly Working Capital decreased by -689.85%
  • Annual Working Capital for 2020 was $-19.3 Million (a -859.9% decrease from previous year)
  • Annual Working Capital for 2019 was $2.54 Million (a -286.7% decrease from previous year)
Visit for comprehensive keystats, realtime prices, income statement, balance sheet, cash flow statement with 10 years of data, and state-of-the-art screener.

Historical Working Capital of Bitfarms Ltd.

Most recent Working Capitalof BITF including historical data for past 10 years.

Interactive Chart of Working Capital of Bitfarms Ltd.

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

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $64.48 $79.85
2020 $-19.31 $-10.93 $-10.43 $-1.12 $-19.31
2019 $2.54 $2.54
2018 $-1.36 $-1.36

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.