Bitfarms Ltd

10-Year Study

BITF.TO · Financial Services · CA · Common Stock

Executive Summary: Bitfarms Ltd has compounded at 13.9% annually over the last 10 years, with a maximum drawdown of 94.2% and an annualized volatility of 185.8%.

1Y CAGR
+227.5%
3Y CAGR
+33.2%
5Y CAGR
-6.6%
10Y CAGR
+13.9%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
94.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.83
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
2.91
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
142.3%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2023 · +587.5%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -91.2%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
71%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-2.2-5.1-9.037.0————————15.8%
2025-0.5-18.9-34.323.0-9.4-10.354.94.6114.842.5-12.7-33.951.6%
2024-19.225.1-22.6-18.325.214.62.3-19.4-2.1-5.314.8-31.3-44.7%
2023137.5-4.51.624.01.221.024.0-24.3-20.70.733.396.4587.5%
2022-27.74.3-2.1-21.4-31.4-43.327.1-4.9-17.2-9.0-38.9-30.0-91.2%
202133.277.28.33.9-21.1-7.46.244.3-27.716.455.2-34.2155.2%
202024.0-9.7-25.019.0-4.0-20.813.2-1.2-28.267.258.8208.6400.0%
2019———————-13.5-35.1-14.9-8.1-26.5-67.7%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 185.8%. The dominant macroeconomic risk driver is VTI.US, accounting for 51.5% of variance. Idiosyncratic stock-specific factors contribute 36.9%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2019-07-0110000
2019-08-018645.161290322581
2019-09-015612.903225806452
2019-10-014774.193548387097
2019-11-014387.096774193548
2019-12-013225.806451612903
2020-01-013999.9999999999995
2020-02-013612.903225806452
2020-03-012709.6774193548385
2020-04-013225.806451612903
2020-05-013096.774193548387
2020-06-012451.6129032258063
2020-07-012774.1935483870966
2020-08-012741.9354838709673
2020-09-011967.741935483871
2020-10-013290.3225806451615
2020-11-015225.806451612903
2020-12-0116129.032258064515
2021-01-0121483.870967741936
2021-02-0138064.51612903226
2021-03-0141225.8064516129
2021-04-0142838.70967741935
2021-05-0133806.45161290323
2021-06-0131290.32258064516
2021-07-0133225.8064516129
2021-08-0147935.483870967735
2021-09-0134645.161290322576
2021-10-0140322.58064516129
2021-11-0162580.64516129032
2021-12-0141161.290322580644
2022-01-0129741.935483870966
2022-02-0131032.25806451613
2022-03-0130387.096774193546
2022-04-0123870.967741935485
2022-05-0116387.09677419355
2022-06-019290.322580645161
2022-07-0111806.451612903225
2022-08-0111225.806451612903
2022-09-019290.322580645161
2022-10-018451.612903225807
2022-11-015161.290322580645
2022-12-013612.903225806452
2023-01-018580.645161290322
2023-02-018193.548387096775
2023-03-018322.58064516129
2023-04-0110322.58064516129
2023-05-0110451.612903225807
2023-06-0112645.16129032258
2023-07-0115677.41935483871
2023-08-0111870.967741935483
2023-09-019419.354838709676
2023-10-019483.870967741936
2023-11-0112645.16129032258
2023-12-0124838.709677419356
2024-01-0120064.516129032258
2024-02-0125096.774193548386
2024-03-0119419.354838709674
2024-04-0115870.967741935483
2024-05-0119870.967741935485
2024-06-0122774.193548387095
2024-07-0123290.322580645163
2024-08-0118774.1935483871
2024-09-0118387.09677419355
2024-10-0117419.354838709678
2024-11-0120000
2024-12-0113741.935483870966
2025-01-0113677.419354838708
2025-02-0111096.774193548386
2025-03-017290.32258064516
2025-04-018967.741935483871
2025-05-018129.032258064516
2025-06-017290.32258064516
2025-07-0111290.322580645161
2025-08-0111806.451612903225
2025-09-0125354.83870967742
2025-10-0136129.03225806451
2025-11-0131548.38709677419
2025-12-0120838.709677419356
2026-01-0120387.096774193546
2026-02-0119354.838709677417
2026-03-0117612.90322580645
2026-04-0124129.03225806452
Annual Return Matrix
YearAnnual Return
20204
20211.552
2022-0.9122257053291536
20235.874999999999999
2024-0.4467532467532468
20250.5164319248826292
20260.1578947368421053
Total Factor Risk
1.8580296361718065
VTI.US Exposure
0.5148886371844928
VEA.US Exposure
-0.013142388170725543
VWO.US Exposure
-0.009886465525656581
QQQ.US Exposure
-0.08674658028608011
VTV.US Exposure
0.014122267347057474
IJR.US Exposure
0.016206839601883263
QUAL.US Exposure
0.03125564611269159
SHV.US Exposure
0.008624659513038375
TLT.US Exposure
0.0647826004676295
LQD.US Exposure
-0.004973808502543485
HYG.US Exposure
-0.00495834746353486
GLD.US Exposure
0.010660733598465533
USO.US Exposure
0.001657485822337343
VNQ.US Exposure
-0.01922989123980019
BTC-USD.CC Exposure
0.03771944976511774
CPER.US Exposure
0.0009391783009995297
VIX.INDX Exposure
0.01001434868633291
UUP.US Exposure
0.06004321240611736
TIP.US Exposure
-0.0014538954300328212
Idiosyncratic Exposure
0.3694763178122102
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
185.8%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$1.7B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+15.1%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-2.5%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
87.2% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
4.02
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Bitfarms Ltd a high-risk investment?

Bitfarms Ltd (BITF.TO) has an annualized volatility of 185.8% and experienced a maximum drawdown of 94.2% over the last 10 years. Its primary macro risk driver is VTI.US.

What is the 10-year return of BITF.TO?

Over the past 10 years, BITF.TO has generated a Compound Annual Growth Rate (CAGR) of 13.9%. It has had a positive return in 71% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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