BITF
Bitfarms Ltd. Technology - Bitcoin Mining Investor Relations →
Bitfarms Ltd. (BITF) closed at $2.14 as of 2026-02-02, trading 23.6% above its 200-week moving average of $1.73. The stock is currently moving closer to the line, down from 34.7% last week. The 14-week RSI sits at 31, indicating neutral momentum.
Over the past 290 weeks of data, BITF has crossed below its 200-week moving average 6 times. On average, these episodes lasted 29 weeks. Historically, investors who bought BITF at the start of these episodes saw an average one-year return of +147.2%.
With a market cap of $1280 million, BITF is a small-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at -12.5%. The stock trades at 2.0x book value.
Share count has increased 146.1% over three years, indicating dilution.
Over the past 5.7 years, a hypothetical investment of $100 in BITF would have grown to $633, compared to $228 for the S&P 500. That represents an annualized return of 38.5% vs 15.7% for the index — confirming BITF as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: BITF vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After BITF Crosses Below the Line?
Across 6 historical episodes, buying BITF when it crossed below its 200-week moving average produced an average return of +151.2% after 12 months (median -38.0%), compared to +17.5% for the S&P 500 over the same periods. 17% of those episodes were profitable after one year. After 24 months, the average return was +117.0% vs +36.3% for the index.
Each line shows $100 invested at the moment BITF crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
BITF has crossed below its 200-week MA 6 times with an average 1-year return of +147.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 2020 | Nov 2020 | 15 | 51.3% | +1109.6% | +686.8% |
| May 2022 | Dec 2023 | 82 | 81.8% | -51.7% | +5.4% |
| Jan 2024 | Feb 2024 | 3 | 8.2% | -19.6% | +2.4% |
| Mar 2024 | Jun 2024 | 13 | 29.0% | -50.9% | -5.3% |
| Jul 2024 | Jul 2024 | 1 | 0.1% | -57.7% | -15.4% |
| Jul 2024 | Sep 2025 | 58 | 67.3% | -46.8% | -1.8% |
| Average | 29 | — | +147.2% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02