Bitfarms Ltd
NASDAQ:BITF
Gross Margin
Bitfarms Ltd
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| CA |
|
Bitfarms Ltd
XTSX:BITF
|
804.5m CAD |
66%
|
|
| US |
|
Palantir Technologies Inc
NYSE:PLTR
|
435.4B USD |
80%
|
|
| DE |
|
SAP SE
XETRA:SAP
|
279.8B EUR |
74%
|
|
| US |
|
Salesforce Inc
NYSE:CRM
|
226.3B USD |
77%
|
|
| US |
|
Intuit Inc
NASDAQ:INTU
|
198.7B USD |
79%
|
|
| US |
N
|
NCR Corp
LSE:0K45
|
164.4B USD |
21%
|
|
| US |
|
Applovin Corp
NASDAQ:APP
|
148.8B USD |
81%
|
|
| US |
|
Adobe Inc
NASDAQ:ADBE
|
149.4B USD |
89%
|
|
| US |
|
Synopsys Inc
NASDAQ:SNPS
|
114.5B USD |
80%
|
|
| US |
|
Microstrategy Inc
NASDAQ:MSTR
|
106.3B USD |
70%
|
|
| US |
|
Cadence Design Systems Inc
NASDAQ:CDNS
|
95.4B USD |
86%
|
Bitfarms Ltd
Glance View
Bitfarms Ltd. owns and operates blockchain farms that power the global decentralized financial economy. The company is headquartered in Toronto, Ontario. The company went IPO on 2019-07-16. The firm operates cryptocurrency mining operations in North America. The company operates in two segments: the cryptocurrency mining segment (Backbone) and the electrical services segment (Volta). The Backbone segment operates server farms that support the validation and verification of transactions on the blockchain, earning cryptocurrency for providing these services. The Volta segment provides electrician services to both commercial and residential customers in Quebec.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Bitfarms Ltd's most recent financial statements, the company has Gross Margin of 65.6%.
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