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

2.11

Mkt cap

1B

Volume

40M

High

2.27

P/E Ratio

-6.25

52-wk high

3.91

Low

2.11

Div yield

N/A

52-wk low

1.01

Crypto-linked stocks and miners are experiencing a rise in share prices due to an increase in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 11:14 am

Shares of miners and crypto-linked stocks are experiencing an uptick due to a rise in Bitcoin prices.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 4:01 pm

Riot Platforms Inc (NASDAQ:RIOT) is exploring AI opportunities while maintaining its primary focus on Bitcoin mining. CEO Jason Les mentioned potential AI collaborations, but emphasized the company's commitment to Bitcoin. Riot's stock has risen 17.3% in the past month, and Bernstein raised its price target to $22, maintaining an 'Outperform' rating.

Portfolio Pulse from Ivan Crnogatić

October 07, 2024 | 4:11 pm

Cantor Fitzgerald analyst Brett Knoblauch has reiterated an Overweight rating on Bitfarms (NASDAQ:BITF) and maintained a $5 price target.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 3:38 pm

Crypto-related stocks are experiencing a decline due to a drop in Bitcoin prices, influenced by rising tensions in the Middle East, particularly reports of potential conflict involving Iran and Israel.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 4:28 pm

Bitfarms is on track to achieve 21 EH/s in the coming months and plans to double its operating capacity by 2025, with nearly 50% of its pro forma power capacity based in the US.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 11:02 am

Bitfarms reported earning 217 BTC in September 2024, which is a 7% decrease month-over-month and a 47% decrease year-over-year.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 11:01 am

Crypto-related stocks are experiencing a rise in share prices due to positive market sentiment towards Bitcoin. This is driven by net inflows to Bitcoin spot ETFs and a recent rate cut by the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 7:40 pm

Crypto-related stocks are experiencing a rise in share prices due to Bitcoin surpassing $65,000, positive market sentiment, net inflows to Bitcoin spot ETFs, and a recent rate cut by the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:49 pm

HC Wainwright & Co. has reiterated its Buy rating on Bitfarms (NASDAQ:BITF) and maintained a price target of $4, indicating confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 5:34 pm

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