BITF - Bitfarms Ltd.
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| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue | 30.4 | 37.0 | 15.4 | 69.2 | 77.8 | 66.8 |
| Cost of Revenue | 117.2 | 63.3 | 25.4 | 72.1 | 83.3 | 67.4 |
| Gross Profit | (86.8) | (26.3) | (10) | (2.9) | (5.5) | (0.5) |
| Operating Expenses | ||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 31.3 | 26.8 | 24.0 | 17.0 | 17.1 | 20.2 |
| Other Expenses | 0 | 0 | 14.7 | 9.0 | 17.0 | 11.6 |
| Operating Expenses | 31.3 | 26.8 | 38.7 | 26.1 | 34.1 | 31.8 |
| Operating Income | ||||||
| Operating Income | (140.8) | (53.1) | (48.7) | (29.0) | (39.6) | (32.4) |
| Interest Expense | (2.1) | 5.2 | 3.9 | 1.9 | 2.2 | 0.6 |
| Interest Income | 2.9 | 3.7 | 4.3 | 0.6 | 0.5 | 0.9 |
| Profitability | ||||||
| EBITDA | (140.8) | (25.4) | (15.5) | (13.2) | 1.7 | 0.1 |
| EBIT | 0 | (53.1) | (37.9) | (46.7) | (35.3) | (29.6) |
| Income Before Tax | (63.9) | (127.6) | (92.1) | (48.6) | (37.5) | (30.2) |
| Income Tax Expense | (0.0) | 0.0 | 5.5 | (2.3) | (8.6) | 5.6 |
| Net Income | (65.0) | (145.4) | (139.1) | (80.8) | (28.8) | (35.9) |
| Per Share Data | ||||||
| EPS (Basic) | -0.11 | -0.24 | -0.26 | -0.14 | -0.05 | -0.07 |
| EPS (Diluted) | -0.11 | -0.24 | -0.26 | -0.14 | -0.05 | -0.07 |
| Shares Outstanding | 605.4 | 602.6 | 551.7 | 556.5 | 555.8 | 500.2 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 715.5 | 357.3 | 573.5 | 87.0 | 85.4 | 38.5 |
| Short-Term Investments | 0 | 0 | 0 | 171.3 | 59.0 | 94.1 |
| Net Receivables | 5.0 | 5.4 | 5.5 | 13.0 | 19.5 | 32.9 |
| Inventory | 8.9 | 10.4 | 8.7 | 7.0 | 7.1 | 4.9 |
| Other Current Assets | 167.1 | 195.8 | 232.5 | 90.4 | 99.1 | 43.9 |
| Total Current Assets | 896.5 | 575.6 | 826.5 | 374.7 | 278.3 | 224.3 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 299.2 | 361.3 | 371.6 | 381.7 | 501.4 | 535.4 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.9 | 3.0 | 3.0 | 2.7 | 3.4 | 3.6 |
| Long-Term Investments | 0 | 42.8 | 1.2 | 0.9 | 0.9 | 0 |
| Other Non-Current Assets | 217.2 | 83.9 | 94.1 | 41.2 | 43.9 | 13.7 |
| Total Non-Current Assets | 519.3 | 491.1 | 469.9 | 426.6 | 549.7 | 552.7 |
| Total Assets | 1,415.8 | 1,066.7 | 1,296.3 | 801.3 | 828.0 | 777.0 |
| Current Liabilities | ||||||
| Account Payables | 0 | 17.9 | 16.3 | 36.2 | 35.7 | 44.1 |
| Short-Term Debt | 8.4 | 6.0 | 97.0 | 0.6 | 0.6 | 0.5 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 46.7 | 36.0 | 2.9 | 53.6 | 36.6 | 23.2 |
| Total Current Liabilities | 55.1 | 59.9 | 148.1 | 117.1 | 89.5 | 85.0 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 1,029.9 | 573.2 | 572.4 | 50.8 | 51.0 | 1.9 |
| Deferred Tax Liabilities | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Other Non-Current Liabilities | 1.9 | 2.6 | 2.8 | 3.2 | 5.0 | 5.3 |
| Total Non-Current Liabilities | 1,031.9 | 587.6 | 587.9 | 72.9 | 76.0 | 27.3 |
| Total Liabilities | 1,087.0 | 647.6 | 736.0 | 189.9 | 165.5 | 112.3 |
| Stockholders' Equity | ||||||
| Common Stock | 0.6 | 1,066.0 | 1,064.6 | 969.4 | 947.3 | 942.1 |
| Retained Earnings | (822.8) | (757.8) | (612.5) | (459.1) | (384.0) | (366.9) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 19.9 | 17.0 | 5.8 |
| Total Stockholders' Equity | 328.7 | 419.1 | 560.4 | 611.4 | 662.5 | 664.7 |
| Total Liabilities & Equity | 1,415.8 | 1,066.7 | 1,296.3 | 801.3 | 828.0 | 777.0 |
| Debt Metrics | ||||||
| Total Debt | 1,038.4 | 591.0 | 683.8 | 73.7 | 74.9 | 25.7 |
| Net Debt | 322.8 | 233.7 | 110.3 | (13.3) | (10.5) | (12.9) |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | (65.0) | (145.4) | (141.2) | (78.7) | (28.8) | (35.9) |
| Depreciation & Amortization | 84.1 | 27.7 | 22.5 | 33.5 | 37.0 | 29.7 |
| Stock-Based Compensation | 9.8 | 3.7 | 4.1 | 2.9 | 3.6 | 4.4 |
| Change in Working Capital | 9.1 | (9.1) | (17.0) | 3.1 | (13.9) | 27.8 |
| Other Non-Cash Items | (91.0) | 58.4 | 52.5 | (18.1) | (63.8) | (50.2) |
| Operating Cash Flow | (52.9) | (64.7) | (73.7) | (59.8) | (74.5) | (18.6) |
| Investing Activities | ||||||
| Capital Expenditure | (43.1) | (10.3) | (24.1) | (9.4) | (19.0) | (47.8) |
| Acquisitions | 0 | 0 | (62.2) | 15.5 | 14.6 | (16.0) |
| Purchases of Investments | (1.8) | (1.0) | 127.8 | (73.3) | (51.9) | (36.6) |
| Sales/Maturities of Investments | 1.8 | 1.0 | (300.8) | 107.1 | 155.0 | 72.7 |
| Other Investing Activities | 57.0 | (44.5) | 242.9 | 6.2 | 0.9 | 2.1 |
| Investing Cash Flow | 13.9 | (54.8) | (16.4) | 46.1 | 99.7 | (25.7) |
| Financing Activities | ||||||
| Net Debt Issuance | 0 | (113.5) | (45.5) | (0.8) | 46.6 | (0.3) |
| Stock Repurchased | 0 | 0 | 0.0 | (10.0) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 409.5 | (0.1) | 682.4 | 11.4 | 0.4 | (0.0) |
| Financing Cash Flow | 409.5 | (113.1) | 609.2 | 15.1 | 46.6 | 23.3 |
| Cash Position | ||||||
| Net Change in Cash | 370.5 | (216.2) | 519.0 | 1.5 | 71.9 | (21.0) |
| Cash at Beginning | 398.4 | 573.5 | 112.0 | 110.4 | 38.5 | 59.5 |
| Cash at End | 768.9 | 357.3 | 631.0 | 112.0 | 110.4 | 38.5 |
| Free Cash Flow | (96.0) | (75.0) | (97.8) | (69.2) | (93.5) | (66.4) |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 30.4 | 37.0 | 15.4 | 69.2 | 77.8 | 66.8 |
| Gross Profit | (86.8) | (26.3) | (10) | (2.9) | (5.5) | (0.5) |
| Operating Income | (140.8) | (53.1) | (48.7) | (29.0) | (39.6) | (32.4) |
| Net Income | (65.0) | (145.4) | (139.1) | (80.8) | (28.8) | (35.9) |
| EPS (Diluted) | -0.11 | -0.24 | -0.26 | -0.14 | -0.05 | -0.07 |
| Balance Sheet | ||||||
| Cash & Equivalents | 715.5 | 357.3 | 573.5 | 87.0 | 85.4 | 38.5 |
| Total Assets | 1,415.8 | 1,066.7 | 1,296.3 | 801.3 | 828.0 | 777.0 |
| Total Debt | 1,038.4 | 591.0 | 683.8 | 73.7 | 74.9 | 25.7 |
| Stockholders' Equity | 328.7 | 419.1 | 560.4 | 611.4 | 662.5 | 664.7 |
| Cash Flow | ||||||
| Operating Cash Flow | (52.9) | (64.7) | (73.7) | (59.8) | (74.5) | (18.6) |
| Capital Expenditure | (43.1) | (10.3) | (24.1) | (9.4) | (19.0) | (47.8) |
| Free Cash Flow | (96.0) | (75.0) | (97.8) | (69.2) | (93.5) | (66.4) |