Analyst Price Target is C$3.75
▼ -13.59% Downside Potential
This price target is based on 1 analysts offering 12 month price targets for Bitfarms in the last 3 months. The average price target is C$3.75, with a high forecast of C$3.75 and a low forecast of C$3.75. The average price target represents a -13.59% upside from the last price of C$4.34.
Current Consensus is
Buy
The current consensus among 1 investment analysts is to buy stock in Bitfarms.
Bitfarms is a global, publicly traded (NASDAQ/TSX: BITF) Bitcoin mining company. Bitfarms 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 Companyâ¿¿s proprietary data analytics system delivers best-in-class operational performance and uptime.Bitfarms currently has 10 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina. Powered by predominantly environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable, locally based, and often underutilized energy infrastructure.
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