BITF Should I Buy
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Based on the provided data, Bitfarms Ltd (BITF) is not a strong buy for a beginner, long-term investor with $50,000-$100,000 available for investment. The technical indicators, options sentiment, and lack of positive catalysts do not support an immediate buy decision. The stock's financials show improvement in revenue and net income, but the company remains unprofitable with negative gross margins. Analyst sentiment has weakened, and there are no significant positive catalysts or recent influential trades to justify a buy at this time.
The MACD is below 0 and negatively contracting, indicating bearish momentum. RSI is neutral at 38.987, and moving averages are converging, suggesting indecision in the market. The stock is trading below the pivot level of 2.097, with key support at 1.798 and resistance at 2.397. Overall, the technical indicators do not signal a strong buy.
Revenue increased significantly by 155.78% YoY in Q3 2025, and net income improved by 120.39% YoY, showing some operational progress.
The company remains unprofitable with a negative gross margin of -4.16%, which declined by 43.71% YoY. Analysts downgraded the stock to Market Perform due to concerns about rising leverage, elevated capex, and liquidity issues. No recent news or influential trades provide additional support for a buy decision.
In Q3 2025, revenue increased to $69.25 million, up 155.78% YoY. Net income improved to -$80.77 million, up 120.39% YoY. EPS increased to -0.15, up 87.50% YoY. However, gross margin declined to -4.16%, down 43.71% YoY, highlighting profitability challenges.
Keefe Bruyette downgraded the stock to Market Perform from Outperform with a price target increase to $3 from $2.50. Analysts expressed concerns about the company's liquidity, rising leverage, and elevated capex, suggesting limited upside in the near term.
