Research Analysts Offer Predictions for Bitfarms Q1 Earnings

Bitfarms Ltd. (NASDAQ:BITF) – Analysts at HC Wainwright reduced their Q1 2026 earnings estimates for shares of Bitfarms in a research report issued to clients and investors on Tuesday, March 31st. HC Wainwright analyst M. Colonnese now anticipates that the company will post earnings of ($0.07) per share for the quarter, down from their previous estimate of ($0.04). HC Wainwright has a “Buy” rating and a $3.70 price target on the stock. The consensus estimate for Bitfarms’ current full-year earnings is ($0.21) per share. HC Wainwright also issued estimates for Bitfarms’ Q2 2026 earnings at ($0.07) EPS, Q3 2026 earnings at ($0.06) EPS, Q4 2026 earnings at ($0.06) EPS and FY2026 earnings at ($0.25) EPS.

A number of other research analysts have also commented on BITF. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bitfarms in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $3.00 price target (up from $2.50) on shares of Bitfarms in a research note on Tuesday, January 27th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $4.14.

Bitfarms Price Performance

Bitfarms stock opened at $1.98 on Friday. The company’s 50 day simple moving average is $2.18 and its 200-day simple moving average is $2.87. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -8.61 and a beta of 3.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.14 and a current ratio of 3.20. Bitfarms has a 1 year low of $0.67 and a 1 year high of $6.60.

Hedge Funds Weigh In On Bitfarms

Institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in shares of Bitfarms by 144.7% during the 4th quarter. Farther Finance Advisors LLC now owns 11,010 shares of the company’s stock worth $26,000 after purchasing an additional 6,510 shares during the last quarter. Equitable Holdings Inc. bought a new position in shares of Bitfarms during the 4th quarter worth about $27,000. US Bancorp DE bought a new position in shares of Bitfarms during the 3rd quarter worth about $34,000. State of Wisconsin Investment Board acquired a new stake in shares of Bitfarms during the 4th quarter valued at about $32,000. Finally, SummitTX Capital L.P. bought a new stake in Bitfarms in the fourth quarter valued at about $34,000. 20.59% of the stock is currently owned by institutional investors.

Key Bitfarms News

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

Bitfarms Company Profile

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.