Bitfarms ($BITF): Revenue on the rise, but is it undervalued?
1/ 🚀 Bitfarms (
BITF): Revenue on the rise, but is it undervalued?
Here’s an institutional-grade dive into its financials, growth potential, risks, and strategic outlook. Let’s unpack this. 👇
2/ Revenue Growth 📈
Q3 2024: Revenue up 30% YoY to 45M, an 8% increase from Q2.
Despite low hashprices and rising network difficulty, Bitfarms continues to grow, showcasing resilience in a tough industry.
3/ Profitability 💰
Gross mining margin: 38% in Q3 2024.
But, a net loss due to accelerated depreciation of older equipment.
Next earnings report: March 19, 2025.
4/ Big Moves 🏗️
Acquired Stronghold Digital Mining, adding 950 MW of energy capacity by 2025.
Expanding its U.S. footprint and diversifying energy resources—a game-changer for operations.
5/ Sector Comparison ⚡
BITF lags peers like Riot and Marathon, with a YTD return of -10.3%.
However, operational efficiency (21 watts per terahash) and strategic expansion suggest it may be undervalued.
6/ Risks to Watch ⚠️
Bitcoin volatility: Profits ride on Bitcoin prices.
Regulation: Stricter mining laws could increase costs.
Operational hurdles: Stronghold acquisition integration and miner deployment must succeed.
7/ Opportunities Ahead 🚀
Expansion in low-cost energy regions like the U.S. & Latin America.
Diversification into HPC/AI could reduce dependency on Bitcoin.
Hasrate growth may increase market share in Bitcoin mining.
8/ Final Thoughts 🧐
Bitfarms’ strategic expansion and operational improvements hint at untapped potential, but risks loom. Is the market undervaluing its long-term outlook?
9/ 📊 Your turn to weigh in:
Buy for the long term 📈
Hold and watch 🔄
Too risky, avoid 🚫
BITF): Revenue on the rise, but is it undervalued?Here’s an institutional-grade dive into its financials, growth potential, risks, and strategic outlook. Let’s unpack this. 👇
2/ Revenue Growth 📈
Q3 2024: Revenue up 30% YoY to 45M, an 8% increase from Q2.
Despite low hashprices and rising network difficulty, Bitfarms continues to grow, showcasing resilience in a tough industry.
3/ Profitability 💰
Gross mining margin: 38% in Q3 2024.
But, a net loss due to accelerated depreciation of older equipment.
Next earnings report: March 19, 2025.
4/ Big Moves 🏗️
Acquired Stronghold Digital Mining, adding 950 MW of energy capacity by 2025.
Expanding its U.S. footprint and diversifying energy resources—a game-changer for operations.
5/ Sector Comparison ⚡
BITF lags peers like Riot and Marathon, with a YTD return of -10.3%.However, operational efficiency (21 watts per terahash) and strategic expansion suggest it may be undervalued.
6/ Risks to Watch ⚠️
Bitcoin volatility: Profits ride on Bitcoin prices.
Regulation: Stricter mining laws could increase costs.
Operational hurdles: Stronghold acquisition integration and miner deployment must succeed.
7/ Opportunities Ahead 🚀
Expansion in low-cost energy regions like the U.S. & Latin America.
Diversification into HPC/AI could reduce dependency on Bitcoin.
Hasrate growth may increase market share in Bitcoin mining.
8/ Final Thoughts 🧐
Bitfarms’ strategic expansion and operational improvements hint at untapped potential, but risks loom. Is the market undervaluing its long-term outlook?
9/ 📊 Your turn to weigh in:
Buy for the long term 📈
Hold and watch 🔄
Too risky, avoid 🚫
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All scripts & content provided by DCAChampion are for informational & educational purposes only.
All scripts & content provided by DCAChampion are for informational & educational purposes only.
🔵 Gain access to our powerful tools 🛠️ : DCAlpha.net
All scripts & content provided by DCAChampion are for informational & educational purposes only.
All scripts & content provided by DCAChampion are for informational & educational purposes only.
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