Bitfarms BITF
$
Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Bitfarms (BITF) Business Model and Operations Summary
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.
Key Insights
Bitfarms (BITF) Core Market Data and Business Metrics
Latest Closing Price
$0.858Market Cap
$453.99 MillionTotal Outstanding Shares
553.46 Million SharesTotal Employees
170Dividend
No dividendIPO Date
August 15, 2019Primary Exchange
NASDAQ
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Short Interest
Short Interest
This information is bi-monthly aggregated short interest data reported to the Financial Industry Regulatory Authority (FINRA) by broker-dealers.
Average Daily Volume: The average number of shares traded per day over the specified period.
Days to Cover: The estimated number of days it would take to cover all short positions based on average trading volume.
Settlement Date: The date on which the short interest data is considered settled, typically based on exchange reporting schedules.
Short Interest: The total number of shares that have been sold short but have not yet been covered or closed out.
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
| Short Interest | Bi-Weekly Change (%) | Settlement Date | Days to Cover |
|---|---|---|---|
| 56,634,828 Shares | -4.67% | 3/14/2025 | 1.71 |
| 59,412,204 Shares | -12.72% | 2/28/2025 | 1.81 |
| 68,067,876 Shares | +5.63% | 2/14/2025 | 1.85 |
| 64,436,941 Shares | +4.68% | 1/31/2025 | 1.35 |
| 61,554,765 Shares | +3.49% | 1/15/2025 | 1.44 |
| 59,481,715 Shares | +11.50% | 12/31/2024 | 1.31 |
Historical Dividends
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| No historical dividends | ||||