Bitfarms Q2 revenue up 87% Y/Y, net loss widens

Keel Infrastructure

12/08/2025 12:11

Overview

Bitfarms Q2 revenue up 87% Y/Y, but marginally misses analysts' expectations

However, net loss widens to $29 mln from $27 mln

Bitfarms initiates share buyback, repurchases 10% of available shares

Outlook

Bitfarms plans to expand Panther Creek energy capacity to 300 MW by 2027

Company expects to complete Argentina mining shutdown by Nov. 11, 2025

Bitfarms aims to redomicile to U.S. and adopt U.S. GAAP by end of 2025

Company sees Panther Creek as key AI infrastructure hub

Result Drivers

U.S. EXPANSION - Co expanded its energy portfolio in North America, with 82% of MWuM in the region and increased MWuD to 430 MW, focusing on U.S. growth

ARGENTINA SHUTDOWN - Discontinuation of Argentina operations expected to yield $18 mln in proceeds, partially offsetting reduced EHuM

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$77.80 mln
$77.90 mln (3 Analysts)
Q2 EPS
-$0.05
Q2 Net Income
-$28.84 mln
Q2 Adjusted EBITDA
$13.72 mln
Q2 Gross Margin
-7.0%
Q2 Operating Income
-$39.63 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"

Wall Street's median 12-month price target for Bitfarms Ltd is C$3.50, about 50.9% above its August 11 closing price of C$1.72

Press Release: ID:nGNX39KTTT

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)