Bitfarms (BITF) Revenue & Revenue Breakdown
Bitfarms Revenue Highlights
Latest Revenue (Y)
$149.05M
Latest Revenue (Q)
$50.09M
Main Geography (Y)
CANADA
Bitfarms Revenue by Period
Bitfarms Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $149.05M | -1878.22% |
| 2022-12-31 | $-8.38M | -104.95% |
| 2021-12-31 | $169.20M | 386.34% |
| 2020-12-31 | $34.79M | 7.31% |
| 2019-12-31 | $32.42M | -4.09% |
| 2018-12-31 | $33.80M | 100.00% |
| 2017-12-31 | - | - |
Bitfarms generated $149.05M in revenue during NA 2023, up -1878.22% compared to the previous quarter, and up 440.91% compared to the same period a year ago.
Bitfarms Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $50.09M | 5.42% |
| 2023-12-31 | $47.52M | 37.35% |
| 2023-09-30 | $34.60M | -2.49% |
| 2023-06-30 | $35.48M | 15.80% |
| 2023-03-31 | $30.64M | -2102.42% |
| 2022-12-31 | $-1.53M | -86.19% |
| 2022-09-30 | $-11.08M | -69.27% |
| 2022-06-30 | $-36.06M | -189.50% |
| 2022-03-31 | $40.30M | -32.23% |
| 2021-12-31 | $59.46M | 33.33% |
| 2021-09-30 | $44.60M | 21.41% |
| 2021-06-30 | $36.73M | 29.30% |
| 2021-03-31 | $28.41M | 149.45% |
| 2020-12-31 | $11.39M | 67.61% |
| 2020-09-30 | $6.79M | -8.11% |
| 2020-06-30 | $7.39M | -19.72% |
| 2020-03-31 | $9.21M | -12.56% |
| 2019-12-31 | $10.54M | 8.17% |
| 2019-09-30 | $9.74M | 14.35% |
| 2019-06-30 | $8.52M | 134.69% |
| 2019-03-31 | $3.63M | -22.02% |
| 2018-12-31 | $4.65M | -32.22% |
| 2018-09-30 | $6.87M | 4.16% |
| 2018-06-30 | $6.59M | -22.00% |
| 2018-03-31 | $8.45M | 100.00% |
| 2017-12-31 | - | 100.00% |
| 2017-09-30 | - | 100.00% |
| 2017-06-30 | - | 100.00% |
| 2017-03-31 | - | - |
Bitfarms generated $50.09M in revenue during Q1 2024, up 5.42% compared to the previous quarter, and up -3274.00% compared to the same period a year ago.
Bitfarms Revenue Breakdown
Bitfarms Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 22 | Dec 21 |
|---|---|---|
| ARGENTINA | $1.46M | - |
| CANADA | $112.11M | $153.26M |
| PARAGUAY | $3.77M | - |
| UNITED STATES | $25.09M | $16.23M |
Bitfarms's latest annual revenue breakdown by geography, as of Dec 22: CANADA (78.71%), UNITED STATES (17.62%), PARAGUAY (2.65%), and ARGENTINA (1.02%).
Bitfarms Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| SDIG | Stronghold Digital Mining | $74.97B | $19.10M |
| MARA | Marathon Digital | $387.51M | $145.14M |
| RIOT | Riot Blockchain | $280.68M | $70.02M |
| CLSK | CleanSpark | $168.41M | $104.11M |
| HUT | Hut 8 Mining | $150.68M | $22.24M |
| BITF | Bitfarms | $149.05M | $50.09M |
| HIVE | HIVE Blockchain | $106.32M | $37.07M |
| IREN | Iris Energy | $75.51M | $53.95M |
| WULF | TeraWulf | $69.23M | $35.57M |
| BTBT | Bit Digital | $44.92M | $30.29M |
| CIFR | Cipher Mining | - | $48.14M |
BITF Revenue FAQ
What is Bitfarms’s yearly revenue?
Bitfarms's yearly revenue for 2023 was $149.05M, representing a decrease of -1878.22% compared to 2022. The company's yearly revenue for 2022 was $-8.382M, representing a decrease of -104.95% compared to 2021. BITF's yearly revenue for 2021 was $169.2M, representing an increase of 386.34% compared to 2020.
What is Bitfarms’s quarterly revenue?
Bitfarms's quarterly revenue for Q1 2024 was $50.09M, a 5.42% increase from the previous quarter (Q4 2023), and a 63.50% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $47.52M, a 37.35% increase from the previous quarter (Q3 2023), and a 0% increase year-over-year (Q4 2022). BITF's quarterly revenue for Q3 2023 was $34.6M, a -2.49% decrease from the previous quarter (Q2 2023), and a 0% increase year-over-year (Q3 2022).
What is Bitfarms’s revenue growth rate?
Bitfarms's revenue growth rate for the last 3 years (2021-2023) was -11.91%, and for the last 5 years (2019-2023) was 359.73%.