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Bitfarms (BITF) Tax Rate: 2021-2024

Historic Tax Rate for Bitfarms (BITF) over the last 4 years, with Dec 2024 value amounting to 20.91%.

  • 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.
  • Latest data reveals that Bitfarms reported Tax Rate of 20.91% as of FY2024, which was up 5,599.57% from 0.37% recorded in FY2023.
  • Bitfarms' Tax Rate's 5-year high stood at 48.10% during FY2021, with a 5-year trough of 0.37% in FY2023.
  • In the last 3 years, Bitfarms' Tax Rate had a median value of 9.02% in 2022 and averaged 10.10%.
  • Per our database at Business Quant, Bitfarms' Tax Rate plummeted by 3,908bps in 2022 and then skyrocketed by 2,054bps in 2024.
  • Yearly analysis of 4 years shows Bitfarms' Tax Rate stood at 48.10% in 2021, then crashed by 3,908bps to 9.02% in 2022, then plummeted by 865bps to 0.37% in 2023, then surged by 2,054bps to 20.91% in 2024.