Bitfarms Ltd. (BITF) Releases Q4 2025 Earnings: Revenue Plunges, Huge Net Loss; Operating Improves, Cash Rises

Bitfarms Ltd. (BITF) reported fourth-quarter 2025 results with revenue of $42.3 million, down 42.8% year-over-year. The company recorded a gross loss of $6.4 million, a 23.3% deterioration year-over-year, while operating loss narrowed 32.3% to $38.8 million. Net loss attributable to common shareholders was $141.2 million, a deterioration of 1,030.9% year-over-year.

Revenue: $42.3 million (down 42.8% YoY).

Gross loss: $6.4 million (worse 23.3% YoY).

Operating loss: $38.8 million (improved 32.3% YoY).

Net loss attributable to common shareholders: $141.2 million (worse 1,030.9% YoY).

Diluted loss per share: -$0.25 (deteriorated 2,607.5% YoY).

Balance-sheet and cash-flow highlights:

Cash used in operating activities: $72.7 million (improved 67.4% YoY).

Purchases of property, plant and equipment: $24.9 million (down 66.6% YoY).

Cash and cash equivalents: $573.5 million (up 863.1% YoY).

Cost of sales: $48.8 million (down 40.8% YoY).

Total liabilities: $736.0 million (up 1,134.4% YoY).

Overall, Bitfarms Ltd. (BITF) posted sharply lower revenue and a sizable net loss in Q4 2025; operating performance showed signs of improvement, and the company ended the quarter with a much larger cash balance alongside materially higher liabilities.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Bitfarms Ltd. Hedge Fund Activity

We have seen 124 institutional investors add shares of Bitfarms Ltd. stock to their portfolio, and 101 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JANE STREET GROUP, LLC added 15,392,332 shares (+114.2%) to their portfolio in Q4 2025, for an estimated $36,171,980
CITADEL ADVISORS LLC added 9,061,288 shares (+82.7%) to their portfolio in Q4 2025, for an estimated $21,294,026
CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. added 7,899,824 shares (+inf%) to their portfolio in Q4 2025, for an estimated $18,564,586
THAMES CAPITAL MANAGEMENT LLC removed 7,033,331 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $16,528,327
SITUATIONAL AWARENESS LP added 6,897,100 shares (+inf%) to their portfolio in Q4 2025, for an estimated $16,208,185
RENAISSANCE TECHNOLOGIES LLC added 6,884,431 shares (+inf%) to their portfolio in Q4 2025, for an estimated $16,178,412
AURELIUS CAPITAL MANAGEMENT, LP added 6,737,261 shares (+inf%) to their portfolio in Q3 2025, for an estimated $18,999,076

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Bitfarms Ltd. Analyst Ratings

Wall Street analysts have issued reports on $BITF in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Cantor Fitzgerald issued a "Overweight" rating on 11/14/2025

To track analyst ratings and price targets for Bitfarms Ltd., check out Quiver Quantitative's $BITF forecast page.

Bitfarms Ltd. Price Targets

Multiple analysts have issued price targets for $BITF recently. We have seen 3 analysts offer price targets for $BITF in the last 6 months, with a median target of $3.7.

Here are some recent targets:

Mike Colonnese from HC Wainwright & Co. set a target price of $3.7 on 03/31/2026
Stephen Glagola from Keefe, Bruyette & Woods set a target price of $3.0 on 01/27/2026
Brett Knoblauch from Cantor Fitzgerald set a target price of $5.0 on 11/14/2025