Equities Analysts Offer Predictions for Bitfarms Q2 Earnings

Bitfarms Ltd. (NASDAQ:BITF) – Investment analysts at Northland Securities issued their Q2 2026 EPS estimates for shares of Bitfarms in a research report issued to clients and investors on Tuesday, March 31st. Northland Securities analyst M. Grondahl forecasts that the company will earn ($0.06) per share for the quarter. The consensus estimate for Bitfarms’ current full-year earnings is ($0.21) per share. Northland Securities also issued estimates for Bitfarms’ Q3 2026 earnings at ($0.06) EPS and Q4 2026 earnings at ($0.06) EPS.

Several other brokerages have also weighed in on BITF. Keefe, Bruyette & Woods restated a “market perform” rating and set a $3.00 target price (up from $2.50) on shares of Bitfarms in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bitfarms in a research report on Wednesday, January 21st. Finally, HC Wainwright lowered their price target on Bitfarms from $4.00 to $3.70 and set a “buy” rating on the stock in a report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.14.

Bitfarms Price Performance

Shares of NASDAQ BITF opened at $1.98 on Friday. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -8.61 and a beta of 3.77. Bitfarms has a 52 week low of $0.67 and a 52 week high of $6.60. The firm has a 50-day moving average price of $2.18 and a 200 day moving average price of $2.87. The company has a quick ratio of 3.14, a current ratio of 3.20 and a debt-to-equity ratio of 0.11.

Hedge Funds Weigh In On Bitfarms

A number of institutional investors have recently made changes to their positions in the stock. Invesco Ltd. lifted its position in shares of Bitfarms by 8.6% in the third quarter. Invesco Ltd. now owns 14,373,522 shares of the company’s stock valued at $40,533,000 after acquiring an additional 1,138,549 shares in the last quarter. Vident Advisory LLC increased its position in Bitfarms by 70.0% during the 2nd quarter. Vident Advisory LLC now owns 11,364,106 shares of the company’s stock worth $9,538,000 after purchasing an additional 4,677,425 shares in the last quarter. CastleKnight Management LP increased its position in Bitfarms by 20.4% during the 4th quarter. CastleKnight Management LP now owns 8,293,169 shares of the company’s stock worth $19,489,000 after purchasing an additional 1,407,769 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Bitfarms by 36.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,060,389 shares of the company’s stock valued at $19,941,000 after purchasing an additional 1,898,490 shares during the last quarter. Finally, Thames Capital Management LLC acquired a new position in Bitfarms in the 3rd quarter valued at about $19,834,000. 20.59% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Bitfarms

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

About Bitfarms

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.