How did BITF's Q4 earnings surprise analysts?

Bitfarms Ltd. (BITF) exceeded analysts' expectations with its Q4 2024 earnings report, showcasing strong revenue growth and a positive financial performance.

1. **Revenue Growth**: The company reported a 21% increase in revenue from the previous quarter, with sales amounting to $56.16 million. This significant uptick reflects Bitfarms' successful expansion and operational efficiency.
2. **Net Income**: Bitfarms announced a net income of $15.17 million for the quarter, compared to a net loss of $62.05 million in the same period the previous year. This turnaround demonstrates the company's improved financial health and operational profitability.

|code|Ticker|Name|Date|Net Income|market_code|
|---|---|---|---|---|---|
|BITF|BITF.O|Bitfarms|2024 Q1|-5980000|185|
|BITF|BITF.O|Bitfarms|2024 Q2|-2.6599E7|185|
|BITF|BITF.O|Bitfarms|2024 Q3|-3.6649E7|185|
|BITF|BITF.O|Bitfarms|2024 Q4|1.5165E7|185|

3. **Earnings Per Share (EPS)**: The company reported an EPS of $0.03 for Q4 2024, which is a substantial improvement from the EPS of -$0.06 reported in the same quarter the previous year. This indicates a strong earnings performance and suggests that shareholders may see higher returns on their investments.
4. **Analyst Expectations**: Bitfarms' Q4 earnings exceeded analysts' expectations, with the company reporting quarterly earnings of $0.03 per share, which beat the Zacks Consensus Estimate of a loss of $0.04 per share. This positive surprise reflects the company's effective management and strategic decision-making.

In summary, Bitfarms' Q4 earnings report reflects strong revenue growth, improved profitability, and a solid financial performance that surpassed analysts' expectations. The company's strategic focus on sustainable energy and operational efficiency has contributed significantly to its success.