Bitfarms Ltd.
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Bitfarms Ltd. generated cash of $24,030,759, which is less than the previous year. Cash used in financing activities reached the amount of $87,878,000 last year. Net change in cash is therefore $53,151,000.
Cash Flow
| 2017 | 7.94M | -14.18M | 10.92M |
|---|---|---|---|
| 2018 | 13.36M | -21.67M | 4.33M |
| 2019 | 6.02M | -22.36M | 17.97M |
| 2020 | 7.22M | -3.60M | 185K |
| 2021 | -37.17M | -215.14M | 371.98M |
| 2022 | 36.25M | -155.01M | 24.01M |
| 2023 | 24.03M | -59.41M | 87.87M |
BITF Cash Flow Statement (2017 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
Cash at beginning of period | 30.88M | 125.59M | 5.94M | 2.15M | 552K | 4.51M | 2.77M |
Operating activities | |||||||
Net income | -105.94M | -239.05M | 22.13M | -16.28M | 2.10M | -18.23M | 5.08M |
| Adjustments to reconcile net income to cash generated by operating activities: | |||||||
Depreciation and amortization | 86.33M | 72.42M | 24.47M | 11.48M | 6.84M | 12.54M | 1.14M |
Stock-based compensation expense | 10.91M | 21.78M | 22.58M | 2.20M | 2.87M | 0 | 0 |
| Deferred income tax benefit | 10.91M | 21.78M | 22.58M | 2.20M | 2.87M | 0 | 0 |
| Changes in operating assets and liabilities: | |||||||
Accounts receivable, net | -13.23K | 429K | 64K | 5K | -2K | -338K | -615.36K |
Inventories | -1 | 0 | -379K | -34K | -5K | 407K | -446.5K |
Accounts payable | -320.77K | 94K | 9.24M | 109K | -16K | -107K | 729.31K |
Cash generated by operating activities | 24.03M | 36.25M | -37.17M | 7.22M | 6.02M | 13.36M | 7.94M |
Investing activities | |||||||
Purchases Of Investments | -36.26M | -193.96M | -6.69M | 0 | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -72.61M | -194.97M | -193.25M | -4.48M | -23.77M | -22.39M | -14.18M |
Acquisitions Net | 730.14K | 10.08M | -23M | 925.43K | 1.44M | 387K | 0 |
Cash generated by investing activities | -59.41M | -155.01M | -215.14M | -3.60M | -22.36M | -21.67M | -14.18M |
Financing activities | |||||||
Common Stock Issued | 109.07M | 54.08M | 259.17M | 54K | 4.93M | 2.94M | 10.92M |
Payments for dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchases of common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repayments of term debt | -34.17M | 29.90M | -24.73M | -1.95M | 12.93M | -496K | 0 |
Cash used in financing activities | 87.87M | 24.01M | 371.98M | 185K | 17.97M | 4.33M | 10.92M |
Net Change In Cash | 53.15M | -94.70M | 119.64M | 3.78M | 1.60M | -3.96M | 4.68M |
Cash at end of period | 84.03M | 30.88M | 125.59M | 5.94M | 2.15M | 552K | 7.46M |
| Data source | Data source |