Streetbeat News

BITF

Bitfarms Ltd.

https://www.bitfarms.com

Industry

Financial - Capital Markets

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.

Open

1.41

Mkt cap

590M

Volume

57M

High

1.42

P/E Ratio

-3.47

52-wk high

3.91

Low

1.29

Div yield

N/A

52-wk low

1.28

Stronghold Digital Mining, Inc. (NASDAQ: SDIG) has announced that proxy advisory firms ISS and Glass Lewis recommend stockholders vote in favor of its merger with Bitfarms Ltd. (NASDAQ/TSX: BITF) at the upcoming special meeting on February 27, 2025.

Portfolio Pulse from

February 19, 2025 | 9:30 pm

Bitfarms Ltd. (BITF) saw a positive movement in its stock price, closing at $1.42 with a +1.43% change, despite a declining market.

Portfolio Pulse from

February 15, 2025 | 12:30 am

Bitfarms Ltd. (BITF) remained flat at $1.41 in the latest trading session, showing no change from the previous day, despite overall market gains.

Portfolio Pulse from

February 07, 2025 | 12:30 am

Bitfarms has entered into a binding letter of intent with HIVE Digital Technologies to sell its Yguazu site in Paraguay for approximately $85 million. The transaction will allow Bitfarms to reinvest in US growth opportunities, reduce 2025 capital requirements, and lower power costs by 10%.

Portfolio Pulse from

January 28, 2025 | 6:15 am

Bitfarms (BITF) has been upgraded to a Zacks Rank #1 (Strong Buy), indicating positive sentiment about its earnings prospects, which could lead to a stock price increase.

Portfolio Pulse from

January 23, 2025 | 6:15 pm

Bitfarms Ltd. will present at the Needham Growth Conference in NYC, with key executives attending to conduct investor meetings.

Portfolio Pulse from

January 08, 2025 | 12:15 pm

Bitfarms reported a significant increase in its hashrate and efficiency for 2024, along with a substantial rise in operational capacity. The company also announced the acquisition of Stronghold Digital Mining, expected to close in Q1 2025.

Portfolio Pulse from

January 02, 2025 | 12:15 pm

Bitfarms Ltd. has filed a second amended and restated prospectus supplement for its existing at-the-market equity offering program. This update is part of their short form base shelf prospectus.

Portfolio Pulse from

December 18, 2024 | 12:45 am

Bitfarms has announced a restatement of its previously issued financial statements. This is part of a designated news release related to the company's amended prospectus supplement.

Portfolio Pulse from

December 09, 2024 | 11:00 pm

Bitfarms Ltd. released its November 2024 production and operations update, which is a designated news release as per the company's prospectus supplement. The update is part of the company's ongoing communication with investors.

Portfolio Pulse from

December 02, 2024 | 12:15 pm

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