Should I buy Bitfarms stock in 2025?

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At HelloSafe, our expert has been monitoring Bitfarms’ performance for over three years. Every month, hundreds of thousands of Canadians rely on us to decode market trends and highlight the top investment opportunities. Our analysis is offered strictly for informational purposes and does not constitute investment advice. In line with our ethical charter, we have never been, and will never be, compensated by Bitfarms.

What is Bitfarms?

How much is Bitfarms stock?

The price of Bitfarms stock is declining this week. As of the latest update, Bitfarms (BITF) is trading at $0.96 USD, showing a 4.26% drop in the past 24 hours and a 4.49% decrease over the week.

The company currently has a market capitalization of about $511.8 million USD, with an average 3-month daily trading volume of 26.77 million shares. Bitfarms does not report a P/E ratio due to negative earnings and offers no dividend, while the stock beta is 2.57, indicating high volatility.

Given these factors, investors should remain aware of the significant price fluctuations typical in this sector and carefully weigh both the associated risks and potential rewards.

Our full analysis on Bitfarms stock

Having thoroughly examined Bitfarms Ltd.’s latest financial disclosures, technical signals, and relative market performance over the past three years, our in-depth analysis leverages the insights of our proprietary algorithm, drawing data from financial fundamentals, sector benchmarks, and competitive positioning. Synthesizing these indicators paints a comprehensive picture at a time when structural shifts in digital infrastructure and next-generation computing are accelerating globally. So, why might Bitfarms stock once again become a strategic entry point into the technology and digital asset sector in 2025?

Recent Performance and Market Context

Bitfarms stock (BITF) has experienced notable volatility across major North American exchanges. As of April 30, 2025, shares trade at $0.96 USD, reflecting a short-term pullback—down 4.26% over 24 hours and a weekly change of -4.49%. The longer-term view shows a more pronounced correction, with the stock down -33.7% over the past six months and -46.3% compared to a year ago. Such retracement is seen against a broader backdrop of the cryptocurrency sector consolidating post-peak speculative euphoria, with market participants re-pricing risk following the latest Bitcoin halving event and continued regulatory scrutiny.

Yet, amidst this correction, Bitfarms stands out. The company’s recent Q4 2024 results revealed a decisive return to profitability ($15M net income versus a $62M loss last year), demonstrating both resiliency and operational agility uncommon in high-beta mining peers. A surge in operational hashrate (+186% year-over-year) coupled with a 21% jump in quarterly revenue signals robust underlying growth, even as sector sentiment remains mixed.

Catalysts in March 2025 further enhance Bitfarms’ narrative: the acquisition of Stronghold Digital Mining (the largest deal between public miners to date) and the sale of its Paraguay data center highlight a strategic North American pivot. This realignment—focusing on rapid energy and infrastructure expansion in a stable regulatory environment—appears well-timed, given North America’s increasing share of global digital asset infrastructure.

Importantly, Bitfarms maintains significant trading liquidity, with an average daily volume of ~26.8 million shares and a market capitalization exceeding $500 million USD. This positions the stock for swift revaluation when positive momentum returns to the tech-crypto space. While high volatility (beta 2.57) can unsettle less experienced investors, it also signals substantial upside potential in a cyclical rebound.

Technical Analysis

Bitfarms’ technical chart reflects a period of aggressive correction but now signals emerging support and a potential inflection point for longer-term investors:

• Relative Strength Index (RSI, 14-day): 39.8—hovering near oversold territory, hinting at diminishing selling pressure and a probable near-term reversal, especially as sector sentiment stabilizes.
• MACD (12,26): -0.03—a bearish reading, but with narrowing divergence, suggesting momentum may be bottoming.
• Moving Averages:
• Short-term trends (5-day, 10-day, 20-day, and 50-day) all signal “Sell,” reflecting the recent price weakness.
• Medium- to long-term (100-day at $1.27 and 200-day at $1.22) flash "Buy" signals, underscoring the potential for a technical base to form within this range.

Support and Resistance: The stock is consolidating around a clear support zone ($0.93-$0.95), historically a level where buyers have re-entered. Resistance is established in the $1.05-$1.10 range, near recent recovery highs. A sustained close above these levels could trigger a momentum-driven rally, fueled by both technical and fundamental catalysts.

While short-term selling pressure is evident, the cluster of longer-term moving averages converging within a narrow band, just above current prices, reinforces Bitfarms as a candidate for technical accumulation, particularly for strategies targeting medium- to long-term appreciation as market conditions normalize.

Fundamental Analysis

Bitfarms’ fundamentals have shown marked improvement, laying a foundation for renewed investor confidence:

• Revenue Growth: Q4 2024 delivered $56 million in revenue—up 21% year-over-year—noteworthy in a period of sector-wide contraction and margin compression.
• Profitability: A swing to net income ($15 million) and positive adjusted EBITDA of $14 million (25% margin) reflects successful cost containment and operational efficiency, even with gross mining margin tightening to 47% (from 57%).
• Efficiency: The average direct mining cost per BTC dropped to $40,800, with energy efficiency improving significantly to 19 watts/terahash—placing Bitfarms near the top of North American operators.
• Strategic Expansion:
• HPC/AI Diversification: The company’s pivot towards High Performance Computing/AI infrastructure signals savvy risk mitigation. This move promises more stable and recurring revenues, reducing reliance on Bitcoin market cycles.
• Asset Optimization: The sale of underperforming assets and reinvestment in high-yield, scalable North American sites position Bitfarms for both revenue quality and operational leverage.
• Mergers & Acquisitions: The Stronghold Digital Mining acquisition bolsters market share and increases energy pipeline to 1.4 GW, 80% of which is U.S.-based for reliable yields and regulatory clarity.

Valuation: While the absence of a P/E ratio (due to modest negative trailing earnings) may prompt initial caution, Bitfarms’ forward earnings trajectory—on the back of efficiency gains and revenue diversification—contrasts starkly with the valuation of many less-efficient, single-segment mining peers. A market capitalization of just over $500 million USD, set against potential cash flows from expanded operations and diversified business lines, can be interpreted as an attractive re-rating opportunity.

Structural Strengths:

• Vertical Integration: End-to-end technical management and operational control insulate Bitfarms from supply disruptions, a critical edge in volatile markets.
• Market Leadership: Rapid hashrate and energy efficiency gains fortify Bitfarms’ positioning vis-à-vis smaller or geographically concentrated rivals.
• Brand and Track Record: An agile leadership team (recent key executive hires), with shareholder-aligned capital allocation decisions, further de-risk the transformation narrative.

Volume and Liquidity

Bitfarms boasts impressive liquidity, with average daily volumes approaching 27 million shares on the NASDAQ. Robust share turnover is often a sign of institutional confidence and ensures tight bid-ask spreads for optimal execution.

• Active Float: The current share float is well matched to the company’s market cap, facilitating dynamic valuation adjustments as new information and investor inflows emerge.
• Institutional Participation: High liquidity and recent capital raises—over $300 million under its at-the-market program—underscore Bitfarms as a preferred vehicle for exposure to digital infrastructure’s growth theme, amplified by institutional risk appetite.

Such volume metrics enhance the stock’s attractiveness for investors seeking both tactical entries and longer-term accumulation, with minimal friction.

Catalysts and Positive Outlook

Looking ahead, several bullish catalysts could elevate Bitfarms’ profile and drive robust upside:

• HPC/AI Expansion: New revenue streams from High Performance Computing and AI infrastructure are expected to create less cyclical, higher-margin business, fundamentally transforming Bitfarms’ earnings quality.
• North American Pivot: Concentrating operations where regulatory risk is lower and infrastructure yields are stronger sets Bitfarms apart as a best-in-class consolidator.
• Reduced CapEx: 2025 capital expenditure guidance is now 20% lower than previously forecast, amplifying free cash flow potential without compromising growth.
• Bitcoin Halving: The recent Bitcoin halving sustains a bullish macro backdrop for established, efficient miners like Bitfarms, as smaller, less efficient competitors cede market share.
• Sustainability and ESG: By focusing new infrastructure in North America and increasing energy efficiency, Bitfarms aligns closely with the ESG mandates of global institutional investors—a key differentiator as capital seeks clean, scalable digital infrastructure plays.

Future Expansion: A path to 1.4+ GW power capacity, with accelerated hashrate and cash-flow ramp-up, underpins management’s confidence in both near- and long-term growth.

• Synergy from Stronghold Acquisition: The recent M&A deal not only increases asset scale but also presents significant operational synergies and potential cost savings.
• Executive Hires: The arrival of sector veterans to lead HPC and infrastructure arms further strengthens the company’s ability to execute the diversification strategy.

Investment Strategies

Bitfarms’ current technical setup and business momentum enable a variety of positioning strategies for investors:

• Short-Term: For tactical traders, entry near the major support zone ($0.93-$0.95) capitalizes on the potential for sharp, sentiment-driven rebounds as oversold conditions resolve and BTC volatility abates. Short-term catalysts may include additional management updates or operational milestones.
• Medium-Term: Investors seeking exposure to sector normalization and the unfolding HPC/AI pivot may view current prices as ideal for phased accumulation. Key milestones—such as phased deployments of energy capacity, further North American partnerships, and Bitcoin price stabilization above $80,000—could each trigger upward re-ratings.
• Long-Term: Strategic investors may build positions in anticipation of structural industry transformation. Bitfarms offers a rare blend of sectoral upside (Bitcoin supercycles, AI adoption), disciplined operational management, and scalable cash generation potential. The 200-day moving average ($1.22) serves as a potential reference point for adding on relative weakness, while upside targets above $1.10 could indicate the stock entering a new bullish cycle.

Is it the Right Time to Buy Bitfarms?

With its operational, technical, and strategic repositioning, Bitfarms currently embodies many of the hallmarks of a high-conviction opportunity for Canadian and global investors seeking exposure to digital infrastructure and advanced technology themes. The stock trades near multi-quarter lows, with longer-term technical supports affirming a solid floor for value-oriented entry—especially as fundamentals and forward guidance continue to improve.

Key strengths include:

• Sustained revenue and profitability growth, bucking sector contraction trends
• Transformational strategic initiatives, notably the pivot into HPC/AI and North American digital asset infrastructure
• Disciplined capital allocation, balance sheet improvement, and robust liquidity
• A clear, executable roadmap for capacity and efficiency expansion underpinning structural upside

Bitfarms appears particularly well positioned to benefit from rebounding sentiment in both the Bitcoin and wider technology sectors, with new revenue streams and diversified operating bases serving as likely driver for outsized returns. At these levels, the fundamentals justify renewed investor interest and close monitoring. For those seeking thoughtfully leveraged exposure to the next wave of digital infrastructure growth, Bitfarms seems to represent an excellent opportunity—one that marries contrarian timing with significant upside potential.

In summary, while volatility and sector-specific risks endure, Bitfarms’ unique blend of operational strength, strategic agility, and technical positioning suggest the stock may be entering a new bullish phase—making it a compelling consideration for serious, future-focused investors looking to align with the next surge in digital transformation.

How to buy Bitfarms stock in Canada?

Buying Bitfarms shares online is straightforward and secure when using a regulated Canadian broker. Whether you choose to purchase the actual shares (spot buying) or trade using Contracts for Difference (CFDs), both methods give you exposure to Bitfarms’ performance. Spot buying means you own the stocks outright, while trading via CFDs lets you speculate on price moves using leverage. Each approach comes with its own advantages and fee structures, making it important to understand which best fits your strategy. To help you get started, we offer a detailed comparison of leading Canadian brokers further down the page.

Spot Buying

Spot buying consists of purchasing real Bitfarms shares in your name through an online brokerage account. You become a shareholder, eligible for capital gains and voting rights. In Canada, typical fees for this type of transaction involve a fixed commission per order, often around $5 to $10 CAD, though some brokers may offer zero-commission trades.

Example

Suppose the current price of Bitfarms (TSX: BITF.TO) is $1.30 CAD per share. With a $1,000 CAD investment, you could purchase about 765 shares after accounting for a $5 commission ($1,000 - $5 = $995; $995 ÷ $1.30 ≈ 765 shares).

• Gain scenario: If the Bitfarms share price climbs by 10%, your shares would be worth approximately $1,100 CAD.
• Result: That’s a gross gain of +$100 CAD, representing +10% on your initial investment.

Trading via CFD

CFD trading allows you to speculate on Bitfarms’ share price movements without owning the underlying stock. You can go long or short and use leverage (often up to 5x), amplifying both potential gains and losses. Main fees include the spread (difference between buy and sell price) and overnight financing charges if you hold your position for more than a day.

Example

You open a CFD position on Bitfarms with a $1,000 CAD margin and 5x leverage. This gives you exposure to $5,000 CAD worth of Bitfarms shares.

• Gain scenario: Should the share price rise by 8%, your leveraged position would register a gain of 8% × 5 = 40%.
• Result: You’d earn $400 CAD on your $1,000 stake (excluding fees such as spread and overnight financing).

Final Advice

Before you invest in Bitfarms, it’s vital to compare broker fees, trading platforms, and other conditions, as these can significantly impact your returns. Each method—spot buying or CFD trading—carries different risks and advantages, so the right choice depends on your financial goals and risk tolerance. To assist your decision, you'll find a comprehensive broker comparator further down the page. Take time to review all options and invest wisely.

Platforms

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Our 7 tips for buying Bitfarms stock

The latest news about Bitfarms

Bitfarms’ operational hashrate surged 21% month-over-month in March 2025, with energy efficiency reaching record levels for its North American sites.

This milestone was officially reported in Bitfarms' March production update, where the company announced an operational hashrate of 19.5 EH/s, up from the previous month, and a 31% increase in Bitcoin mined. These improvements affirm Bitfarms' capacity to scale efficiently, leading to a daily average production of approximately 9 BTC, significantly contributing to cash flows, particularly at the current elevated Bitcoin price level. Notably, Canadian operations have benefited from these efficiency enhancements, supporting Bitfarms’ competitiveness within the Canadian mining landscape.

The acquisition of Stronghold Digital Mining, completed in March 2025, positions Bitfarms as a Canadian leader in digital infrastructure and mining scale.

Described as the industry's largest M&A event between public Bitcoin miners, this strategic deal consolidates Bitfarms’ position as a top player in the North American market. The integration also aligns with Bitfarms’ strategic shift toward a diversified energy and compute infrastructure platform, reinforcing its presence in Canada and providing access to new assets and operational synergies crucial for long-term sustainability in a fluctuating crypto environment.

Bitfarms reported a solid financial turnaround in Q4 2024, achieving positive net income and strong revenue growth despite persistent market volatility.

In the most recent quarterly results released in late March, Bitfarms posted $56 million in revenue—up 21% year-over-year—and returned to profitability with $15 million in net income following a substantial loss in the year-ago quarter. These results demonstrate robust operational management and resilience, which bode well for the company’s financial health and its attractiveness to Canadian investors seeking exposure to blockchain infrastructure alongside traditional asset classes.

A major strategic pivot toward high-performance computing (HPC) and artificial intelligence (AI) infrastructure was formalized, with key executive appointments to advance this Canadian-focused initiative.

The recent naming of James Bond as SVP of HPC and Craig Hibbard as SVP of Infrastructure underscores the company’s commitment to business model diversification. By leveraging existing data center expertise and energy assets, Bitfarms is preparing to meet growing demand for green computing services in Canada and across North America. This move not only lessens reliance on Bitcoin price swings but could provide more stable, long-term growth aligned with national digital economy priorities.

Bitfarms has actively strengthened its Canadian and North American footprint by selling non-core international assets, such as its large Paraguayan facility.

The divestiture of the 200 MW Yguazu data center in Paraguay enables Bitfarms to reinvest proceeds into core infrastructure within Canada and the United States. This realignment creates a streamlined operational base closer to key markets, optimizing capital allocation and regulatory compliance for Canadian stakeholders, while focusing on markets with greater energy security and regulatory clarity.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.