Bitfarms (BITF) Income Statement: Revenue & Earnings

Bitfarms Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Bitfarms Ltd. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	192.88	146.37	142.43	169.49	34.79
Cost of Revenue	225.24	167.87	131.91	58.37	36.69
Gross Profit	-32.36	-21.50	10.52	111.12	2.87
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	73.38	39.29	51.51	43.24	3.39
Operating Expenses	71.24	42.29	58.26	43.24	3.39
Operating Income	-103.60	-63.79	-47.74	67.88	-5.29
Other Income/Expense
Interest Income	6.04	1.42	0.46	0.00	0.00
Interest Expense	1.74	-4.08	14.22	-3.42	-6.10
Other Income/Expense	34.29	-49.08	-130.92	-28.24	-0.71
Income
Income Before Tax	-68.35	-109.32	-193.06	42.64	-16.12
Income Tax Expense	-14.29	-0.40	-17.41	20.51	0.17
Net Income	-54.06	-108.92	-175.64	22.13	-16.29
Net Income - Continuous Operations	-54.06	-108.92	-175.64	22.13	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	74.35	20.77	-106.42	90.69	1.47
EBIT	-66.62	-63.79	-178.84	67.88	-10.01
Depreciation & Amortization	140.97	84.57	72.42	22.81	10.16
Earnings Per Share
Basic EPS	-	-	-1.00	-	-
Diluted EPS	-	-	-1.00	-	-
Basic Shares Outstanding	414.67	262.24	207.87	157.65	84.92
Diluted Shares Outstanding	414.67	262.24	207.87	169.39	84.92