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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