Why is Bitfarms Ltd. (Canada) ?
1
Poor Management Efficiency with a low ROE of 2.24%
- The company has been able to generate a Return on Equity (avg) of 2.24% signifying low profitability per unit of shareholders funds
2
Flat results in Jun 25
- OPERATING CASH FLOW(Y) Lowest at CAD -361.72 MM
- INVENTORY TURNOVER RATIO(HY) Lowest at 65.46%
- INTEREST(Q) Highest at CAD 2.98 MM
3
Risky -
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of 29.51%, its profits have fallen by -17.5%
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Commercial Services & Supplies)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Bitfarms Ltd. (Canada) for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Bitfarms Ltd. (Canada)
44.19%
0.18
95.36%
S&P/TSX 60
19.1%
1.54
14.62%
Quality key factors
Factor
Value
Sales Growth (5y)
47.38%
EBIT Growth (5y)
-364.26%
EBIT to Interest (avg)
-12.88
Debt to EBITDA (avg)
0.47
Net Debt to Equity (avg)
-0.23
Sales to Capital Employed (avg)
0.39
Tax Ratio
2.65%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
21.57%
ROCE (avg)
6.31%
ROE (avg)
2.24%
Valuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
5.60
EV to EBIT
-33.67
EV to EBITDA
205.83
EV to Capital Employed
7.02
EV to Sales
14.12
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-20.85%
ROE (Latest)
-13.03%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
No Trend
No Trend
OBV
Mildly Bearish
No Trend
Technical Movement
13What is working for the Company
NET PROFIT(HY)
Higher at CAD -54.7 MM
NET SALES(Q)
Highest at CAD 107.67 MM
RAW MATERIAL COST(Y)
Fallen by -71.43% (YoY
-17What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at CAD -361.72 MM
INVENTORY TURNOVER RATIO(HY)
Lowest at 65.46%
INTEREST(Q)
Highest at CAD 2.98 MM
Here's what is working for Bitfarms Ltd. (Canada)
Net Sales
Highest at CAD 107.67 MM and Grown
In each period in the last five periodsMOJO Watch
Near term sales trend is very positive
Net Sales (CAD MM)
Net Sales
At CAD 107.67 MM has Grown at 47.25%
over average net sales of the previous four periods of CAD 73.12 MMMOJO Watch
Near term sales trend is very positive
Net Sales (CAD MM)
Net Profit
Higher at CAD -54.7 MM
than preceding 12 month period ended Jun 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (CAD MM)
Raw Material Cost
Fallen by -71.43% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Bitfarms Ltd. (Canada)
Operating Cash Flow
Lowest at CAD -361.72 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (CAD MM)
Interest
At CAD 2.98 MM has Grown at 221.5%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (CAD MM)
Interest
Highest at CAD 2.98 MM
in the last five periods and Increased by 221.5% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (CAD MM)
Inventory Turnover Ratio
Lowest at 65.46%
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio






