Bitfarms (TSX:BITF) COGS-to-Revenue : 1.01 (As of Mar. 2025)

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What is Bitfarms COGS-to-Revenue?

Bitfarms's Cost of Goods Sold for the three months ended in Mar. 2025 was C$96.7 Mil. Its Revenue for the three months ended in Mar. 2025 was C$96.0 Mil.

Bitfarms's COGS to Revenue for the three months ended in Mar. 2025 was 1.01.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Bitfarms's Gross Margin % for the three months ended in Mar. 2025 was -0.81%.

Bitfarms COGS-to-Revenue Historical Data

The historical data trend for Bitfarms's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bitfarms COGS-to-Revenue Chart

Bitfarms Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

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0.92

0.34

0.93

1.15

1.17

Bitfarms Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
COGS-to-Revenue	Get a 7-Day Free Trial															1.21	1.27	1.26	0.98	1.01

Bitfarms COGS-to-Revenue Calculation

Bitfarms's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	320.9	/	274.798
	=	1.17

Bitfarms's COGS to Revenue for the quarter that ended in Mar. 2025 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	96.745	/	95.967
	=	1.01

Bitfarms (TSX:BITF) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Bitfarms's Gross Margin % for the three months ended in Mar. 2025 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	96.745 / 95.967
	=	-0.81 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Bitfarms COGS-to-Revenue Related Terms

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Bitfarms Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitfarms Ltd (TSX:BITF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

BITF:USA 1B2:Germany

Address

110 Yonge Street, Suite 1601, Toronto, ON, CAN, M5C 1T4

Website

https://bitfarms.com

Bitfarms Ltd engaged in the cryptocurrency Mining industry mainly consists of selling its computational power used for hashing calculations for cryptocurrency mining in multiple jurisdictions. Its geographic operations are currently located in Canada, the United States, Argentina. It owns and operates server farms comprised of computers designed to validate transactions on the Bitcoin Blockchain.

Executives

Jeffrey Lucas	Senior Officer
Patricia Osorio	Senior Officer
Fanny Philip	Director
Edie Hofmeister	Director
Brian Howlett	Director
Philippe Fortier	Senior Officer
Inc. Riot Platforms	10% Security Holder
Damian Polla	Senior Officer
Guillaume Reeves	Senior Officer
Colin Yee	Deemed Insider - 6 Months before becoming Insider, Director or Senior Officer of 10% Security Holder
Nicolas Bonta	10 percent owner, Director
Lawrence Geoffrey Morphy	Director, Senior Officer
Andres Finkielsztain	Director
Paul Magrath	Senior Officer
Marc-andré Ammann	Senior Officer