Based on analyst ratings, Bitfarms's 12-month average price target is C$6.16. Bitfarms has 159.72% upside potential, based on the analysts' average price target. Bitfarms has a conensus rating of Strong Buy which is based on 6 buy ratings, 0 hold ratings and 0 sell ratings.

Based on 6 Wall Street analysts offering 12 month price targets for Bitfarms in the last 3 months. The average price target is $4.50 with a high forecast of $7.00 and a low forecast of $3.25. The average price target represents a 145.90% change from the last price of $1.83.

Founded in 2017, Bitfarms is a global, publicly traded (NASDAQ/TSX: BITF) Bitcoin mining company. Bitfarms develops, owns, and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers.

Bitfarms has a total shareholder equity of $294.8M and total debt of $4.0M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are $378.7M and $84.0M respectively.