BITF
Income statement / Annual
Last year (2023), Bitfarms Ltd.'s total revenue was $146.37 M,
a decrease of 1,846.19% from the previous year.
In 2023, Bitfarms Ltd.'s net income was -$104.04 M.
See Bitfarms Ltd.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
| Operating Revenue |
$146.37 M |
-$8.38 M |
$169.20 M |
$34.79 M |
$32.42 M |
$33.81 M |
$8.97 M |
| Cost of Revenue |
$167.87 M
|
$131.91 M
|
$58.37 M
|
$36.69 M
|
$26.98 M
|
$22.93 M
|
$1.40 M
|
| Gross Profit |
-$21.50 M
|
-$140.29 M
|
$110.83 M
|
-$1.90 M
|
$5.44 M
|
$10.88 M
|
$7.58 M
|
| Gross Profit Ratio |
-0.15
|
16.74
|
0.66
|
-0.05
|
0.17
|
0.32
|
0.84
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$38.80 M
|
$51.51 M
|
$43.24 M
|
$3.35 M
|
$4.18 M
|
$8.54 M
|
$0.00
|
| Selling & Marketing Expenses |
$491,000.00
|
$333,000.00
|
$174,000.00
|
$38,000.00
|
$110,000.00
|
$272,000.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$39.29 M
|
$51.51 M
|
$43.24 M
|
$3.39 M
|
$4.29 M
|
$8.82 M
|
$177,149.00
|
| Other Expenses |
$11.34 M
|
-$2.17 M
|
$4.86 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Operating Expenses |
$50.63 M
|
$49.34 M
|
$48.10 M
|
$3.39 M
|
$4.29 M
|
$8.82 M
|
$177,149.00
|
| Cost And Expenses |
$218.50 M
|
$181.25 M
|
$106.47 M
|
$40.08 M
|
$31.28 M
|
$31.74 M
|
$1.57 M
|
| Interest Income |
$9.26 M
|
$14.22 M
|
$3.42 M
|
$6.10 M
|
$3.27 M
|
$0.00
|
$0.00
|
| Interest Expense |
$11.92 M
|
$14.22 M
|
$3.42 M
|
$6.10 M
|
$3.27 M
|
$63,000.00
|
$0.00
|
| Depreciation & Amortization |
$86.34 M
|
$69.55 M
|
$24.26 M
|
$12.09 M
|
$7.00 M
|
$11.91 M
|
$1.15 M
|
| EBITDA |
-$15.86 M |
-$102.20 M |
$70.82 M |
$1.70 M |
$10.06 M |
-$5.17 M |
$8.29 M |
| EBITDA Ratio |
-0.11
|
11.36
|
0.37
|
0.06
|
0.29
|
0.43
|
0.95
|
| Operating Income Ratio |
-0.49
|
33.88
|
0.22
|
-0.27
|
0.08
|
-0.53
|
0.82
|
| Total Other Income/Expenses Net |
-$32.31 M
|
$98.62 M
|
$5.29 M
|
-$9.39 M
|
-$3.05 M
|
-$179,000.00
|
-$264,171.00
|
| Income Before Tax |
-$104.44 M
|
-$256.46 M
|
$42.64 M
|
-$16.12 M
|
-$484,000.00
|
-$18.18 M
|
$7.14 M
|
| Income Before Tax Ratio |
-0.71
|
30.6
|
0.25
|
-0.46
|
-0.01
|
-0.54
|
0.8
|
| Income Tax Expense |
-$401,000.00
|
-$17.41 M
|
$20.51 M
|
$172,000.00
|
-$2.59 M
|
$59,000.00
|
$2.05 M
|
| Net Income |
-$104.04 M
|
-$239.05 M
|
$22.13 M
|
-$16.29 M
|
$2.11 M
|
-$9.36 M
|
$5.08 M
|
| Net Income Ratio |
-0.71
|
28.52
|
0.13
|
-0.47
|
0.06
|
-0.28
|
0.57
|
| EPS |
-0.4 |
-1.15 |
0.14 |
-0.19 |
0.0314 |
-0.16 |
0.0891 |
| EPS Diluted |
-0.4 |
-1.15 |
0.13 |
-0.19 |
0.0297 |
-0.16 |
0.0891 |
| Weighted Average Shares Out |
$262.24 M
|
$207.78 M
|
$157.65 M
|
$84.92 M
|
$67.04 M
|
$56.92 M
|
$57.05 M
|
| Weighted Average Shares Out Diluted |
$262.24 M
|
$207.78 M
|
$169.39 M
|
$84.92 M
|
$71.06 M
|
$56.92 M
|
$57.05 M
|
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