Is Bitfarms Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Bitfarms Ltd (BITF.TO) is currently classified as NOT HALAL as of April 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Bitfarms Ltd a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Bitfarms Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Bitfarms Ltd?

Muslim investors may consider investing in Bitfarms Ltd if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Bitfarms Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Bitfarms Ltd by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Bitfarms Ltd updated?

The Shariah compliance status of Bitfarms Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Bitfarms Ltd become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Bitfarms Ltd?

You can check the latest Shariah compliance status of Bitfarms Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

BITF.TO Shariah Compliance

Screening Methodology: AAOIFI

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Last Updated: April 03, 2026

Report Source: 2025 Annual Report

Analyst's Ratings for Bitfarms Ltd (BITF.TO)

Based on 8 analysts giving stock ratings to Bitfarms Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Bitfarms Ltd. Stock Analysis BITF.TO

Canada Information Technology Small Cap Report: 2025 Annual

Bitfarms Ltd. (Canada) engages in the business of mining cryptocurrency. The company is headquartered in Toronto, Ontario. The company went IPO on 2019-07-16. The company develops, owns, and operates vertically integrated mining facilities with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. Its proprietary data analytics system delivers operational performance and uptime. The firm operates through the cryptocurrency mining segment. The activities of the Company mainly consist of selling its computational power used for hashing calculations for the purpose of cryptocurrency mining in multiple jurisdictions. Volta, a wholly owned subsidiary of the Company, assists the Company in building and maintaining its data centers. The firm operates Bitcoin data centers in four countries: the United States, Canada, Paraguay, and Argentina.

Key Statistics of Bitfarms Ltd (BITF.TO)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

CAD2.83CAD2.98

Today's Open

CAD2.90

Volume

2.99M

P/E Ratio (TTM)

52 Week Range

CAD0.96CAD9.27

Market Cap

1.79B

Avg. Volume

4.54M

Dividend Yield

Financial Metrics & Statements of Bitfarms Ltd (BITF.TO)

FAQ's for Bitfarms Ltd (BITF.TO)

According to Musaffa’s Shariah screening methodology, Bitfarms Ltd (BITF.TO) is currently classified as NOT HALAL as of April 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.