Bitfarms Ltd (BITF) - Total Assets
Based on the latest financial reports, Bitfarms Ltd (BITF) holds total assets worth $801.28 Million USD as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Check BITF capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Bitfarms Ltd - Total Assets Trend (2017–2024)
This chart illustrates how Bitfarms Ltd's total assets have evolved over time, based on quarterly financial data. Explore BITF long-term investments to assets to see how much of total assets are deployed in long-term investments.
Bitfarms Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Bitfarms Ltd's total assets of $801.28 Million consist of 32.0% current assets and 68.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 8.9% |
| Accounts Receivable | $8.97 Million | 1.3% |
| Inventory | $1.18 Million | 0.2% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $4.04 Million | 0.6% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2017–2024)
This chart illustrates how Bitfarms Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see BITF company net worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Bitfarms Ltd's current assets represent 32.0% of total assets in 2024, an increase from 24.6% in 2017.
- Cash Position: Cash and equivalents constituted 8.9% of total assets in 2024, down from 13.1% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 13.0% in 2017.
- Asset Diversification: The largest asset category is accounts receivable at 1.3% of total assets.
Bitfarms Ltd Competitors by Total Assets
Key competitors of Bitfarms Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
GF Securities Co. Ltd
F:9GF
|
Germany | €1.12 Trillion |
|
Banco BTG Pactual S.A.
SA:BPAC11
|
Brazil | R$805.97 Billion |
|
Washington H Soul Pattinson & Company Ltd
AU:SOL
|
Australia | AU$15.13 Billion |
|
SK Securities Co Ltd Preference Shares
KO:001515
|
Korea | ₩6.86 Trillion |
|
Hanyang Sec
KO:001750
|
Korea | ₩5.09 Trillion |
|
Lang & Schwarz Aktiengesellschaft
XETRA:LUS1
|
Germany | €1.18 Billion |
|
SAB Finance as
PR:SABFG
|
Czech Republic | Kč4.48 Billion |
|
Big Digital Energy, Inc.
NASDAQ:BGDE
|
USA | $57.44 Million |
Bitfarms Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 3.20 | 3.70 | 0.32 |
| Quick Ratio | 3.14 | 3.68 | 0.32 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $257.66 Million | $137.96 Million | $-19.31 Million |
Bitfarms Ltd - Advanced Valuation Insights
This section examines the relationship between Bitfarms Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.09 |
| Latest Market Cap to Assets Ratio | 1.82 |
| Asset Growth Rate (YoY) | 76.3% |
| Total Assets | $667.62 Million |
| Market Capitalization | $1.21 Billion USD |
Valuation Analysis
Above Book Valuation: The market values Bitfarms Ltd's assets above their book value (1.82x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: Bitfarms Ltd's assets grew by 76.3% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Bitfarms Ltd (2017–2024)
The table below shows the annual total assets of Bitfarms Ltd from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $667.62 Million | +76.28% |
| 2023-12-31 | $378.73 Million | +10.38% |
| 2022-12-31 | $343.10 Million | -36.77% |
| 2021-12-31 | $542.59 Million | +949.41% |
| 2020-12-31 | $51.70 Million | -2.18% |
| 2019-12-31 | $52.86 Million | +101.49% |
| 2018-12-31 | $26.23 Million | -24.07% |
| 2017-12-31 | $34.55 Million | -- |
About Bitfarms Ltd
Bitfarms Ltd. operates integrated bitcoin data centers in Canada, the United States, Paraguay, and Argentina. It primarily owns and operates data centers housing computers to validate transactions on the bitcoin blockchain, as well as sells computational power used for hashing calculations for cryptocurrency mining in multiple jurisdictions. The company also provides electrician services to comme… Read more