Should you buy Bitfarms Ltd (BITF) stock?

Bitfarms Ltd. was founded in 2017 and is based in Toronto, Canada. [Read more] According to 2 analysts, the average rating for BITF stock is "Strong Buy." The 12-month stock price forecast is $2.5, which is an increase of 119.30% from the latest price.

Where is Bitfarms Ltd headquartered?

The company was founded by Emiliano Joel Grodzki and Nicolas Bonta in 2017 and is headquartered in Toronto, Canada. BITF | Complete Bitfarms Ltd. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.

How far is Bitfarms stock from the 52-week high?

According to the current price, Bitfarms is 90.46% away from the 52-week high. What are analysts forecasts for Bitfarms stock? The 18 analysts offering price forecasts for Bitfarms have a median target of 2.89, with a high estimate of 7.00 and a low estimate of 2.00. The median estimate represents a 82.04 difference from the last price of 2.37.

What is Bitfarms & how does it work?

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees.