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Bitfarms (BITF) Tax Provisions: 2020-2023

Historic Tax Provisions for Bitfarms (BITF) over the last 2 years, with Mar 2023 value amounting to -$330,000.

  • Bitfarms' Tax Provisions fell 105.13% to -$330,000 in Q1 2023 from the same period last year, while for Mar 2023 it was -$9.7 million, marking a year-over-year decrease of 151.77%. This contributed to the annual value of -$14.3 million for FY2024, which is 3463.59% down from last year.
  • Per Bitfarms' latest filing, its Tax Provisions stood at -$330,000 for Q1 2023, which was up 97.02% from -$11.1 million recorded in Q4 2022.
  • Bitfarms' 5-year Tax Provisions high stood at $11.0 million for Q3 2021, and its period low was -$11.1 million during Q4 2022.
  • Moreover, its 3-year median value for Tax Provisions was $604,000 (2021), whereas its average is $367,714.
  • Data for Bitfarms' Tax Provisions shows a peak YoY increase of 860.90% (in 2022) and a maximum YoY decrease of 1,930.46% (in 2022) over the last 5 years.
  • Bitfarms' Tax Provisions (Quarterly) stood at $284,000 in 2020, then skyrocketed by 112.68% to $604,000 in 2021, then crashed by 1,930.46% to -$11.1 million in 2022, then crashed by 105.13% to -$330,000 in 2023.
  • Its Tax Provisions was -$330,000 in Q1 2023, compared to -$11.1 million in Q4 2022 and -$4.7 million in Q3 2022.