Should You Buy Bitfarms Ltd (BITF) Today? Analysis, Price Targets, and 2026 Outlook.
Conclusion
Hold
Latest Price
2.600
1 Day change
52 Week Range
6.600
Analysis Updated At
2026/01/28
BITF is not a good buy right now for a beginner long-term investor who is impatient. The stock is showing weak-to-neutral price momentum (bearish MACD, below key pivot), and the latest news/analyst change highlights liquidity, leverage, and capex uncertainty with the key leasing/AI-infrastructure monetization likely pushed to 2H 2026. While options positioning is bullish (low put/call ratios) and analysts still see upside to ~$3–$6, the near-term fundamentals and catalysts are not strong enough to justify buying immediately versus holding off.
Technical Analysis
Price/levels: BITF at $2.62 is below the pivot ($2.81) and sitting just above support S1 ($2.543); next support S2 is $2.377. Resistance levels are R1 $3.077 and R2 $3.243.
Momentum: MACD histogram is negative (-0.0178) and expanding lower, signaling weakening trend. RSI(6) ~39.9 is neutral-to-soft (not oversold), suggesting downside pressure can persist.
Moving averages: converging MAs point to consolidation rather than a confirmed uptrend.
Pattern/near-term odds: Similar-pattern model suggests modest negative bias next day (-1.03%) and only small gains over week/month (+0.85% / +0.76%), consistent with a choppy base rather than a strong long-term entry right now.
Intellectia Proprietary Trading Signals
- [AI Stock Picker](module://ai_stock_pick): No signal on given stock today.
- [SwingMax](module://swingmax): No signal on given stock recently.
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Sentiment: Put/Call ratios are low (OI PCR 0.24; Volume PCR 0.24), which is typically bullish (more call interest than puts).
Volatility: Extremely high volatility (30D IV ~146% vs HV ~150%), meaning the market is pricing large moves; this usually fits trading/speculation more than beginner long-term accumulation.
Activity: Today’s option volume is well below its 5D/10D averages, suggesting the bullish skew is present but not accompanied by unusually strong fresh flow today.
Technical Summary
Sell
8
Buy
5
Positive Catalysts
- Monetization steps: $30M agreement to sell the 70MW Paraguay site, with expected $9M cash by Q1 2026 (helps liquidity).
- Strategic narrative: Ongoing transition from bitcoin mining toward North American HPC/AI infrastructure could improve long-term quality of revenue if leases/tenants are secured.
- Street upside: Several firms maintain Buy/Overweight ratings with higher targets ($4–$6), implying meaningful upside if execution improves.
- Balance-sheet/strategy risk: Rising leverage and elevated capex concerns; market may demand clearer 2026 capex + liquidity visibility before re-rating the stock.
- Core business headwind: Legacy bitcoin mining remains pressured by rising global hash rate (competitive intensity), which can weigh on margins.
- Technical trend is not supportive: bearish MACD and price below pivot suggests weak momentum right now.
- Influential/political flow: No recent congress trading data available; no notable politician activity provided.
Financial Performance
Latest quarter: 2025/Q3.
Growth: Revenue rose to $69.245M (+155.78% YoY), a strong top-line jump.
Profitability: Still deeply unprofitable—Net Income was -$80.769M (improved vs prior year by 120.39% YoY) and EPS -$0.15 (improved 87.5% YoY), but losses remain large.
Margins: Gross margin was -4.16% (down 43.71% YoY), indicating profitability is not yet stabilizing despite revenue growth. Overall, growth is improving, but the quality of earnings/margins is currently weak for a long-term beginner profile.
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Recent trend: Mixed-to-cautious. In Nov 2025, multiple firms reiterated bullish stances and raised/maintained higher targets ($4–$6) on the AI/HPC transition narrative. On Jan 26–27, 2026, Keefe Bruyette downgraded to Market Perform (while raising PT to $3), emphasizing liquidity, leverage, and delayed leasing timing (likely 2H 2026).
Wall Street pros: Significant upside targets from several Buy/Overweight analysts; long-term optionality from AI/HPC pivot.
Wall Street cons: The most recent, highest-signal change is a downgrade on liquidity/capex uncertainty and delayed lease catalysts; execution timing risk remains the central concern.
Wall Street analysts forecast BITF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BITF is 5.67 USD with a low forecast of 4 USD and a high forecast of 7 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast BITF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BITF is 5.67 USD with a low forecast of 4 USD and a high forecast of 7 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.600
Low
4
Averages
5.67
High
7
Current: 2.600
Low
4
Averages
5.67
High
7
Keefe Bruyette
Stephen Glagola
Outperform -> Market Perform
downgrade
$3
AI Analysis
2026-01-26
New
Reason
Keefe Bruyette
Stephen Glagola
Price Target
$3
AI Analysis
2026-01-26
New
downgrade
Outperform -> Market Perform
Reason
Keefe Bruyette analyst Stephen Glagola downgraded Bitfarms to Market Perform from Outperform with a price target of $3, up from $2.50.
Keefe Bruyette
Keefe
Outperform -> Market Perform
downgrade
$3
2026-01-26
New
Reason
Keefe Bruyette
Keefe
Price Target
$3
2026-01-26
New
downgrade
Outperform -> Market Perform
Reason
Keefe Bruyette downgraded Bitfarms to Market Perform from Outperform with a price target of $3, up from $2.50. The firm does not expect a leasing agreement to materialize for the company until the second half of 2026. The stock already discounts a Sharon deal, says Keefe, which also has concerns around Bitfarms's rising leverage and elevated capex. Keefe would get more constructive on the shares with greater clarity on the company's liquidity and 2026 capex.
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