Benjamin Gagnon - Bitfarms Chief Officer

BITF Stock  USD 2.15  0.18  9.14%   

Insider

Benjamin Gagnon is Chief Officer of Bitfarms
Address 110 Yonge Street, Toronto, ON, Canada, M5C 1C4
Phone647 259 1790
Webhttps://www.bitfarms.com

Bitfarms Management Efficiency

The company has return on total asset (ROA) of (0.13) % which means that it has lost $0.13 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.3107) %, meaning that it created substantial loss on money invested by shareholders. Bitfarms' management efficiency ratios could be used to measure how well Bitfarms manages its routine affairs as well as how well it operates its assets and liabilities. The current Return On Tangible Assets is estimated to decrease to -0.29. The current Return On Capital Employed is estimated to decrease to -0.24. At this time, Bitfarms' Non Currrent Assets Other are most likely to increase significantly in the upcoming years. The Bitfarms' current Fixed Asset Turnover is estimated to increase to 0.79, while Non Current Assets Total are projected to decrease to roughly 144 M.
Bitfarms currently holds 19.87 M in liabilities with Debt to Equity (D/E) ratio of 0.37, which is about average as compared to similar companies. Bitfarms has a current ratio of 1.26, suggesting that it is in a questionable position to pay out its financial obligations when due. Note, when we think about Bitfarms' use of debt, we should always consider it together with its cash and equity.

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Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. The company was founded in 2017 and is headquartered in Toronto, Canada. Bitfarms operates under Capital Markets classification in the United States and is traded on NASDAQ Exchange. It employs 106 people. Bitfarms (BITF) is traded on NASDAQ Exchange in USA. It is located in 110 Yonge Street, Toronto, ON, Canada, M5C 1C4 and employs 170 people. Bitfarms is listed under Asset Management & Custody Banks category by Fama And French industry classification.

Management Performance

Bitfarms Leadership Team

Elected by the shareholders, the Bitfarms' board of directors comprises two types of representatives: Bitfarms inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bitfarms. The board's role is to monitor Bitfarms' management team and ensure that shareholders' interests are well served. Bitfarms' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bitfarms' outside directors are responsible for providing unbiased perspectives on the board's policies.
Rachel Silverstein, U Counsel
Stephanie Wargo, Vice Communications
Philippe Fortier, Senior Development
Nicolas Bonta, Founder Chairman
Tracy Krumme, Senior Relations
Liam Wilson, Chief Officer
Patricia Osorio, VP Secretary
Andrea Souza, VicePresident Resources
Alex Brammer, Senior Operations
Jeffrey Lucas, Chief Officer
MarcAndre Ammann, Senior Accounting
Geoffrey Morphy, CEO President
Benoit Gobeil, Senior Infrastructure
Emiliano Grodzki, Founder Director
Benjamin Gagnon, Chief Officer
Jeffrey CPA, Chief Officer
Philippe CPA, Executive Development
Paul Magrath, Vice Sustainability
Guillaume Reeves, Vice Technology
Sonia Tercas, Director Relations

Bitfarms Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Bitfarms a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether Bitfarms is a strong investment it is important to analyze Bitfarms' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bitfarms' future performance. For an informed investment choice regarding Bitfarms Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.
You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bitfarms. If investors know Bitfarms will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bitfarms listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.38)
Revenue Per Share
0.493
Quarterly Revenue Growth
0.296
Return On Assets
(0.13)
Return On Equity
(0.31)
The market value of Bitfarms is measured differently than its book value, which is the value of Bitfarms that is recorded on the company's balance sheet. Investors also form their own opinion of Bitfarms' value that differs from its market value or its book value, called intrinsic value, which is Bitfarms' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bitfarms' market value can be influenced by many factors that don't directly affect Bitfarms' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bitfarms' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitfarms is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitfarms' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.