Bitfarms (TSX:BITF) Tax Rate % : 0.01% (As of Sep. 2024)

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What is Bitfarms Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Bitfarms's Tax Expense for the three months ended in Sep. 2024 was C$-0.0 Mil. Bitfarms's Pre-Tax Income for the three months ended in Sep. 2024 was C$-49.6 Mil. Therefore, Bitfarms's Tax Rate % for the quarter that ended in Sep. 2024 was 0.01%.

Bitfarms Tax Rate % Historical Data

The historical data trend for Bitfarms's Tax Rate % 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 Tax Rate % Chart

Bitfarms Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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535.64

-1.07

48.10

9.02

0.37

Bitfarms Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															-2.49	0.61	51.24	-6.84	0.01

Bitfarms Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Bitfarms's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	-0.538	/	-146.668
	=	0.37 %

Bitfarms's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	-0.003	/	-49.647
	=	0.01 %

Bitfarms Tax Rate % Related Terms

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Bitfarms Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitfarms Ltd (TSX:BITF) » Definitions » Tax Rate %

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, and Paraguay. It owns and operates server farms comprised of computers designed to validate transactions on the Bitcoin Blockchain.

Executives

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
Jeffrey Lucas	Senior Officer
Paul Magrath	Senior Officer
Marc-andré Ammann	Senior Officer