Bitfarms (TSX:BITF) 3-Year Book Growth Rate : 74.70% (As of Dec. 2023)

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What is Bitfarms 3-Year Book Growth Rate?

Bitfarms's Book Value per Share for the quarter that ended in Dec. 2023 was C$1.18.

During the past 12 months, Bitfarms's average Book Value per Share Growth Rate was -23.60% per year. During the past 3 years, the average Book Value per Share Growth Rate was 74.70% per year. During the past 5 years, the average Book Value per Share Growth Rate was 33.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 7 years, the highest 3-Year average Book Value per Share Growth Rate of Bitfarms was 74.70% per year. The lowest was -54.70% per year. And the median was 58.60% per year.

Competitive Comparison of Bitfarms's 3-Year Book Growth Rate

For the Capital Markets subindustry, Bitfarms's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bitfarms's 3-Year Book Growth Rate Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bitfarms's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Bitfarms's 3-Year Book Growth Rate falls into.

Bitfarms 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

Bitfarms (TSX:BITF) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Bitfarms 3-Year Book Growth Rate Related Terms

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Bitfarms (TSX:BITF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitfarms Ltd (TSX:BITF) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

BITF:USA 1B2:Germany 1B2:Germany

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.bitfarms.com

Bitfarms Ltd is a publicly traded Bitcoin company. It 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. The company's proprietary data analytics system delivers best-in-class operational performance and uptime. The group has around 10 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina. It is Powered by predominantly environmentally friendly hydroelectric and long-term power contracts, Bitfarms is committed to using sustainable, locally based, and often underutilized energy infrastructure.

Executives