Bitfarms (TSX:BITF) Total Assets : C$951.2 Mil (As of Dec. 2024)

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What is Bitfarms Total Assets?

Bitfarms's Total Assets for the quarter that ended in Dec. 2024 was C$951.2 Mil.

Warning Sign:

If a company builds assets at 64.2% a year, faster than its revenue growth rate of 3.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Bitfarms's average Total Assets Growth Rate was 110.40% per year. During the past 3 years, the average Total Assets Growth Rate was 18.20% per year. During the past 5 years, the average Total Assets Growth Rate was 64.20% per year.

During the past 8 years, Bitfarms's highest 3-Year average Total Assets Growth Rate was 135.20%. The lowest was 15.20%. And the median was 81.90%.

Total Assets is connected with ROA %. Bitfarms's annualized ROA % for the quarter that ended in Dec. 2024 was 9.90%. Total Assets is also linked to Revenue through Asset Turnover. Bitfarms's Asset Turnover for the quarter that ended in Dec. 2024 was 0.09.

Bitfarms Total Assets Historical Data

The historical data trend for Bitfarms's Total Assets 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 Total Assets Chart

Bitfarms Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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66.23

694.51

466.10

508.10

951.15

Bitfarms Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															508.10	577.27	734.50	794.64	951.15

Bitfarms Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Bitfarms's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (A: Dec. 2024 )	+	Total Liabilities (A: Dec. 2024 )
	=	866.21	+	84.942
	=	951.2

Bitfarms's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	866.21	+	84.942
	=	951.2

Bitfarms (TSX:BITF) Total Assets Explanation

Total Assets is connected with ROA %.

Bitfarms's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	86.424	/	( (794.642	+	951.153)	/ 2 )
	=	86.424	/	872.8975
	=	9.90 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Bitfarms's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	80.015	/	( (794.642	+	951.153)	/ 2 )
=	80.015	/	872.8975
=	0.09

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Bitfarms Total Assets Related Terms

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Bitfarms Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitfarms Ltd (TSX:BITF) » Definitions » Total Assets

Comparable Companies

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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