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Bitfarms (BITF) Tax Rate: 2021-2023

Historic Tax Rate for Bitfarms (BITF) over the last 1 years, with Mar 2023 value amounting to 11.75%.

  • Bitfarms' Tax Rate fell 4701.00% to 11.75% in Q1 2023 from the same period last year, while for Mar 2023 it was 3.63%, marking a year-over-year decrease of 2724.00%. This contributed to the annual value of 20.91% for FY2024, which is 2054.00% up from last year.
  • Per Bitfarms' latest filing, its Tax Rate stood at 11.75% for Q1 2023, which was down 86.30% from 85.75% recorded in Q4 2022.
  • Over the past 5 years, Bitfarms' Tax Rate peaked at 85.75% during Q4 2022, and registered a low of 3.37% during Q4 2021.
  • Its 3-year average for Tax Rate is 32.75%, with a median of 21.68% in 2021.
  • Per our database at Business Quant, Bitfarms' Tax Rate spiked by 8,238bps in 2022 and then slumped by 4,701bps in 2023.
  • Quarterly analysis of 3 years shows Bitfarms' Tax Rate stood at 3.37% in 2021, then soared by 8,238bps to 85.75% in 2022, then plummeted by 4,701bps to 11.75% in 2023.
  • Its Tax Rate was 11.75% in Q1 2023, compared to 85.75% in Q4 2022 and 5.28% in Q3 2022.