Bitfarms Ltd
XTSX:BITF
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Gross Margin
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
Peer Comparison
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| CA |
|
Bitfarms Ltd
XTSX:BITF
|
804.5m CAD |
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|
| US |
|
Ezenia! Inc
OTC:EZEN
|
567B USD |
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|
|
| US |
|
Palantir Technologies Inc
NASDAQ:PLTR
|
350.7B USD |
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|
|
| DE |
|
SAP SE
XETRA:SAP
|
204B EUR |
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|
|
| US |
|
Salesforce Inc
NYSE:CRM
|
198.4B USD |
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|
|
| US |
|
Applovin Corp
NASDAQ:APP
|
162.8B USD |
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|
|
| US |
|
Intuit Inc
NASDAQ:INTU
|
136.6B USD |
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|
|
| US |
N
|
NCR Corp
LSE:0K45
|
131.4B USD |
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|
|
| US |
|
Adobe Inc
NASDAQ:ADBE
|
122.5B USD |
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|
|
| US |
|
Synopsys Inc
NASDAQ:SNPS
|
85.4B USD |
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|
|
| US |
|
Cadence Design Systems Inc
NASDAQ:CDNS
|
79B USD |
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|
Market Distribution
| Min | -10 058.3% |
| 30th Percentile | 20.4% |
| Median | 33.6% |
| 70th Percentile | 50.5% |
| Max | 717.4% |
Other Profitability Ratios
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 calculated by dividing the Gross Profit by the Revenue.
Over the last 3 years, Bitfarms Ltd’s Gross Margin has increased from 8.5% to 47.6%. During this period, it reached a low of 7.4% on Sep 30, 2020 and a high of 51.9% on Jan 31, 2022.
