Bitfarms to Announce Q4 Earnings on March 31
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 30 2026
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Source: seekingalpha
- Earnings Announcement: Bitfarms is set to release its Q4 2023 earnings report on March 31 before market open, with a consensus EPS estimate of -$0.02, reflecting a significant year-over-year decline of 166.7%, indicating ongoing profitability challenges for the company.
- Revenue Expectations: Analysts forecast revenue of $58.89 million, representing a modest year-over-year increase of 5.2%, suggesting that while growth is limited, the company is managing to maintain a certain level of revenue amidst adversity.
- Historical Performance Review: Over the past two years, Bitfarms has only beaten EPS estimates 13% of the time and revenue estimates 63% of the time, highlighting the challenges and opportunities the company faces in managing market expectations.
- Strategic Transition: Bitfarms is undergoing a transition, recently selling its Paso Pe bitcoin mining site in Latin America for up to $30 million, marking the company's efforts to adjust its business strategy in response to market changes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
