HC Wainwright Analysts Lower Earnings Estimates for Bitfarms

Bitfarms Ltd. (NASDAQ:BITF) – HC Wainwright reduced their Q1 2026 earnings estimates for shares of Bitfarms in a research report issued to clients and investors on Tuesday, March 31st. HC Wainwright analyst M. Colonnese now forecasts that the company will earn ($0.07) per share for the quarter, down from their prior estimate of ($0.04). HC Wainwright has a “Buy” rating and a $3.70 price objective on the stock. The consensus estimate for Bitfarms’ current full-year earnings is ($0.21) per share. HC Wainwright also issued estimates for Bitfarms’ Q2 2026 earnings at ($0.07) EPS, Q3 2026 earnings at ($0.06) EPS, Q4 2026 earnings at ($0.06) EPS and FY2026 earnings at ($0.25) EPS.

BITF has been the subject of several other reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $3.00 price objective (up from $2.50) on shares of Bitfarms in a research report on Tuesday, January 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bitfarms in a research report on Wednesday, January 21st. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4.14.

Bitfarms Price Performance

Shares of NASDAQ BITF opened at $1.98 on Friday. The company’s 50 day moving average price is $2.19 and its 200-day moving average price is $2.87. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.14 and a current ratio of 3.20. Bitfarms has a 52-week low of $0.67 and a 52-week high of $6.60. The company has a market capitalization of $1.19 billion, a P/E ratio of -8.61 and a beta of 3.77.

Hedge Funds Weigh In On Bitfarms

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its position in shares of Bitfarms by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,449,002 shares of the company’s stock valued at $2,860,000 after acquiring an additional 125,156 shares during the period. Creative Planning grew its holdings in Bitfarms by 54.0% in the second quarter. Creative Planning now owns 85,580 shares of the company’s stock worth $72,000 after purchasing an additional 30,000 shares during the period. Cetera Investment Advisers increased its stake in Bitfarms by 1.4% in the second quarter. Cetera Investment Advisers now owns 789,700 shares of the company’s stock valued at $664,000 after purchasing an additional 10,622 shares in the last quarter. Legal & General Group Plc increased its stake in Bitfarms by 4.1% in the second quarter. Legal & General Group Plc now owns 370,869 shares of the company’s stock valued at $309,000 after purchasing an additional 14,513 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Bitfarms by 40.4% during the second quarter. Invesco Ltd. now owns 13,234,973 shares of the company’s stock valued at $11,120,000 after purchasing an additional 3,806,810 shares during the period. 20.59% of the stock is currently owned by institutional investors.

Trending Headlines about Bitfarms

Here are the key news stories impacting Bitfarms this week:

• Positive Sentiment: Shares jumped after the company announced a strategic expansion (an AI pivot) and despite reporting a large net loss, investors appeared to focus on growth and strategy. Bitfarms Shares Jump Despite $285M Net Loss as Miner Expands AI Pivot
• Positive Sentiment: Bitfarms officially rebranded as Keel Infrastructure and completed U.S. redomiciliation — moves that can improve U.S. investor access, governance perception and potentially valuation multiples over time. Bitfarms Officially Rebrands as Keel Infrastructure; Completes U.S. Redomiciliation
• Positive Sentiment: Q4 revenue rose ~39.7% year-over-year, a sign of top-line momentum even as profitability remains pressured by costs. BITF Q4 Loss Wider Than Estimates, Revenues Grow Y/Y, Shares Rise
• Neutral Sentiment: Management’s Q4 earnings call transcript is available for investors seeking detail on cost drivers, mining efficiency and the AI initiative (useful for due diligence but not an immediate catalyst). Bitfarms Ltd. Q4 2025 Earnings Call Transcript
• Negative Sentiment: HC Wainwright trimmed near-term EPS and cut its FY2026 EPS forecast materially (FY now pegged at ($0.25) vs prior ($0.17)), signaling weaker profit outlooks even though the firm kept a “Buy” and $3.70 target. Analyst downgrades to EPS can pressure the stock if earnings miss expectations. HC Wainwright Has Lowered Expectations for Bitfarms Stock Price
• Negative Sentiment: Northland Securities also issued lower quarterly and full‑year EPS estimates (several quarters around ($0.05)-($0.06) and FY ~$($0.22)), adding to downward earnings revisions that could weigh on sentiment. MarketBeat – Bitfarms analyst notes
• Negative Sentiment: Q4 posted a wider-than-expected loss (costs continue to pressure margins and drove the larger loss despite revenue growth), a direct near-term drag on profitability expectations. BITF Q4 Loss Wider Than Estimates, Revenues Grow Y/Y, Shares Rise

Bitfarms Company Profile

Bitfarms Ltd. is a publicly traded, vertically integrated Bitcoin mining company listed on the NASDAQ under the ticker BITF. The company engages in the large-scale operation of cryptocurrency mining farms, leveraging specialized computing hardware to validate and secure the Bitcoin blockchain. By converting electrical energy into computing power, Bitfarms plays a critical role in processing transactions on the Bitcoin network and earning mining rewards.

Bitfarms operates data centers in several jurisdictions with access to low-cost, primarily renewable energy sources.