Bitfarms: Good Q1, But Recent Troubles Create Concerns


  • Positive Q1 results suggesting free cash flow is finally positive.
  • CEO exit and takeover attempt by rival Riot create uncertainty in leadership and future direction.
  • Given the recent halving of BTC in April, we’ll also want to see what that suggests for financial results going forward.

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Inside Creative House

When I last covered Bitfarms (NASDAQ:BITF), I noted that it had a lot going for it among Bitcoin (BTC-USD) miners but that it needed positive free cash flow. Q1 results also turned out

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