Subscribe To

Price Alert Latest News Economic Calendar News

BITF / Bitfarms sees narrower 1Q loss as it boosts 6 EH/s hashrate target timeline

Bitfarms (TSX-V:BITF) Ltd has announced that its first-quarter 2023 net loss narrowed to US$0.01 per share from an $0.08 per-share deficit during the previous quarter, as the Bitcoin (BTC) miner sped up its stated timeframe for reaching 6 exahash/second (EH/s) of computing power to the end of the third quarter from its previous goal of year's end. The company generated revenue of US$30 million during 1Q, up from US$27 million in 4Q but less than the US$40 million it recorded a year earlier. Read More

Demo Live Account See Partner Details

Content Topics

Bitfarms

Sees

Narrower

Loss

Boosts

Eh

Hashrate

Target

Timeline

Stock

BITF

Posted: May 15 2023, 10:05

Author Name: Proactive Investors

BITF News

By Zacks Investment Research
October 31, 2023

Bitfarms Ltd. (BITF) Stock Slides as Market Rises: Facts to Know Before You Trade

Bitfarms Ltd. (BITF) closed the most recent trading day at $1.07, moving -0.93% from the previous trading session.

By InvestorPlace
October 20, 2023

7 Penny Stocks With the Potential to Strike Gold

It's the dream of every investor to make millions from the markets. However, that requires risk taking ability.

By Zacks Investment Research
October 19, 2023

Why the Market Dipped But Bitfarms Ltd. (BITF) Gained Today

In the closing of the recent trading day, Bitfarms Ltd. (BITF) stood at $1, denoting a +0.61% change from the preceding trading day.

By InvestorPlace
October 19, 2023

3 Penny Stocks With 10-Bagger Potential in Five Years

The risk with penny stocks is significant. If the business can take off, the stock can mint millionaires.

By The Motley Fool
October 16, 2023

Why Altcoins and Crypto Miner Stocks Surged on Monday

An explosive story about a Bitcoin asset manager turned out to be inaccurate.

By Zacks Investment Research
October 5, 2023

(BITF) Advances While Market Declines: Some Information for Investors

Bitfarms Ltd. (BITF) concluded the recent trading session at $1.01, signifying a +1.74% move from its prior day's close.

By InvestorPlace
October 4, 2023

3 Penny Stocks to Buy for 10-Bagger Returns by 2025

If rate cuts are indeed a big catalyst, the outlook for equities is bullish for the next year and 2025. Consultancy firm Capital Economics believes th

By Zacks Investment Research
October 2, 2023

5 Reasons Bitcoin Will Rally into Year-End and Beyond

Bullish catalysts such as seasonality, technicals, market environment, regulatory clarity, and Bitcoin hash rate suggest that Bitcoin and Bitcoin prox

Risk Disclosure:

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
We would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. We and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of us and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. We may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.