Bitfarms Ltd BITF
$1.98
Last Updated: Apr 02, 12:00 AM·NASDAQ
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BITF Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Bitfarms Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Bitfarms Ltd. Stock Analysis BITF
United States Information Technology Small Cap 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.
Bitfarms Ltd (BITF) Chart
Financial Metrics & Statements of Bitfarms Ltd (BITF)
FAQ's for Bitfarms Ltd (BITF)
- As of August 2026, Bitfarms Ltd BITF is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- 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.
- 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.
- 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.
- The Shariah compliance status of Bitfarms Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- 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.
- 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.
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