Equities Analysts Set Expectations for Bitfarms Q2 Earnings

Bitfarms Ltd. (NASDAQ:BITF) – Investment analysts at Northland Securities issued their Q2 2026 earnings per share (EPS) estimates for shares of Bitfarms in a report issued on Tuesday, March 31st. Northland Securities analyst M. Grondahl expects that the company will post earnings of ($0.06) per share for the quarter. The consensus estimate for Bitfarms’ current full-year earnings is ($0.21) per share. Northland Securities also issued estimates for Bitfarms’ Q3 2026 earnings at ($0.06) EPS and Q4 2026 earnings at ($0.06) EPS.

Several other analysts have also weighed in on BITF. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $3.00 target price (up from $2.50) on shares of Bitfarms in a research note on Tuesday, January 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Bitfarms in a research report on Wednesday, January 21st. Finally, HC Wainwright decreased their price target on shares of Bitfarms from $4.00 to $3.70 and set a “buy” rating for the company in a report on Tuesday, March 31st. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4.14.

Bitfarms Stock Performance

Shares of BITF opened at $1.98 on Friday. The business’s fifty day moving average price is $2.18 and its 200 day moving average price is $2.87. Bitfarms has a 12-month low of $0.67 and a 12-month high of $6.60. The stock has a market capitalization of $1.19 billion, a PE ratio of -8.61 and a beta of 3.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.20 and a quick ratio of 3.14.

Institutional Trading of Bitfarms

Several hedge funds have recently made changes to their positions in the stock. Creek Drive Management Group LLC acquired a new position in Bitfarms during the 4th quarter valued at approximately $1,998,000. J. Derek Lewis & Associates Inc. bought a new stake in Bitfarms in the fourth quarter valued at $36,000. Virtu Financial LLC bought a new stake in Bitfarms in the fourth quarter valued at $497,000. Mackenzie Financial Corp boosted its holdings in shares of Bitfarms by 87.6% during the fourth quarter. Mackenzie Financial Corp now owns 539,688 shares of the company’s stock valued at $1,286,000 after acquiring an additional 251,982 shares during the period. Finally, XTX Topco Ltd boosted its holdings in shares of Bitfarms by 48.1% during the fourth quarter. XTX Topco Ltd now owns 538,103 shares of the company’s stock valued at $1,265,000 after acquiring an additional 174,720 shares during the period. Institutional investors own 20.59% of the company’s stock.

Bitfarms News Summary

Here are the key news stories impacting Bitfarms this week:

• Positive Sentiment: Keel rebrand and strategic pivot — Bitfarms has repositioned as Keel Infrastructure, moving from Bitcoin mining to a pure‑play colocation/powered‑shell model with a 2.2 GW gross capacity portfolio and a potentially transformative Scrubgrass gigacampus if interconnection progress materializes; the shift should lower CapEx and depreciation risk and better align the business with data‑center peers. Article Title
• Positive Sentiment: Revenue growth in Q4 — the company posted ~39.7% year‑over‑year revenue growth in Q4, a sign demand/scale is improving even as costs kept losses wider than estimates; the top‑line strength helps validate the colocation/scale narrative. Article Title
• Neutral Sentiment: Analyst modeled losses continue — Northland Securities published FY2026 and quarterly EPS forecasts (losses roughly ($0.05)–($0.06) per quarter; FY ~($0.21)–($0.22)), reflecting continued negative earnings but a clearer modeling framework for the pivot. Article Title
• Neutral Sentiment: HC Wainwright still maintains a Buy — the firm lowered EPS estimates but retained a “Buy” rating and $3.70 price target, indicating conviction on the long‑term strategy even as near‑term metrics weaken. Article Title
• Negative Sentiment: Analyst cuts and legacy financial concerns — multiple brokers (HC Wainwright, Northland) trimmed Q1–Q4 and FY2026 EPS forecasts (HC Wainwright cut FY to ~$($0.25) from $0.17 previously) and commentary highlights inherited financial liabilities and “financial engineering” risks tied to the company’s past structure; these items increase short‑term execution and balance‑sheet risk. Article Title Article Title

About Bitfarms

Bitfarms Ltd. is a publicly traded, vertically integrated Bitcoin mining company listed on the NASDAQ under the ticker BITF. The company engages in the large-scale operation of cryptocurrency mining farms, leveraging specialized computing hardware to validate and secure the Bitcoin blockchain. By converting electrical energy into computing power, Bitfarms plays a critical role in processing transactions on the Bitcoin network and earning mining rewards.

Bitfarms operates data centers in several jurisdictions with access to low-cost, primarily renewable energy sources.