Bitfarms Ltd. (BITF) News
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Latest BITF News From Around the Web
Below are the latest news stories about BITFARMS LTD that investors may wish to consider to help them evaluate BITF as an investment opportunity.
All crypto miners are not 'created equal': AnalystAs cryptocurrency regulation is expected to ease under the incoming Trump administration, Clear Street senior research analyst Brian Dobson joins Market Domination to analyze crypto mining prospects for 2025. "Not all miners are created equal," Dobson tells Yahoo Finance. He distinguishes between two types: those capable of pivoting to high-performance computing, and efficient operators focused on balance-sheet management. Dobson identifies CleanSpark (CLSK.MX, CLSK) as a leading player in the crypto mining sector, citing its "best-in-class management team, very efficient mining fleet," and strong EBITDA generation potential. Looking ahead to the new administration, Dobson anticipates the Securities and Exchange Commission might approve in-kind exchanges, enabling bitcoin (BTC-USD) mine... |
Bitfarms reports 12.8 EH/s operational at December 31, up 97% y/yBitfarms (BITF) issued its latest monthly production report. CEO Ben Gagnon stated, “2024 was a transformative year for Bitfarms. While we did not meet our original growth targets, we accomplished a tremendous amount during the year. We doubled our hashrate and improved efficiency by 40%, upgraded 11 data centers, increased active MWs by 35%, revamped and strengthened our board of directors and management team, assumed control of our first U.S. large scale site in Sharon, PA with access to up to |
High Growth Tech Stocks To Watch For Potential Portfolio BoostAmidst a backdrop of mixed global market performance, the Nasdaq Composite has reached a new milestone, driven by gains in technology stocks, while small-cap indices like the Russell 2000 have struggled to keep pace with larger counterparts. In this environment of shifting economic indicators and anticipated interest rate adjustments, identifying high-growth tech stocks can be crucial for investors seeking potential portfolio enhancement. |
Bitfarms initiated with a Buy at Alliance Global PartnersAlliance Global Partners analyst Brian Kinstlinger initiated coverage of Bitfarms (BITF) with a Buy rating and $6 price target With power capacity of 950 MW, or three times its current operations, Bitfarms can substantially increase its BTC mining hash rate and explore High Performance Computing and AI programs, says the analyst, who adds that much of the company’s capacity is in premium locations that have access to the strategically valuable PJM grid following the acquisition of Stronghold. Pr |
High Growth Tech Stocks with Promising PotentialIn recent weeks, global markets have experienced notable fluctuations, with U.S. stocks rallying on hopes of growth and tax reforms following the election, while the small-cap Russell 2000 Index led gains despite remaining below its record high. As economic indicators such as a strengthening dollar and Federal Reserve rate cuts shape market sentiment, identifying high-growth tech stocks involves evaluating their potential to thrive amidst regulatory changes and evolving fiscal policies. |
Institutions along with retail investors who hold considerable shares inBitfarms Ltd. (TSE:BITF) come under pressure; lose 9.5% of holdings valueKey Insights The considerable ownership by retail investors in Bitfarms indicates that they collectively have a greater... |
Investors might be losing patience for Bitfarms' (TSE:BITF) increasing losses, as stock sheds 5.6% over the past weekBitfarms Ltd. ( TSE:BITF ) shareholders have seen the share price descend 19% over the month. But in stark contrast... |
Bitfarms’ Newly Appointed CEO to Participate Today in a Fireside Chat Hosted by H.C. Wainwright- CEO Ben Gagnon to present alongside Bitfarms CFO, Jeff Lucas -TORONTO, Ontario and BROSSARD, Québec, July 17, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, announces its participation in a virtual fireside chat hosted by H.C. Wainwright. Event Details: Hosted By:Mike Colonnese, Managing Director and Senior Crypto & Blockchain Analyst at H.C. WainwrightBitfarms Participants:Ben Gagnon, CEO and Jeff Lucas, CFOWhen:Wednesday |
Bitfarms Sets Date of Special Meeting of ShareholdersNo Shareholder Action Required at this TimeThis news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, July 12, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms” or the “Company”), a global vertically integrated Bitcoin data center company, today announced that its Board of Directors (the “Board”) ha |
Riot Launches www.ABetterBitfarms.comCASTLE ROCK, Colo., July 08, 2024--Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot") today launched www.ABetterBitfarms.com in connection with its requisition of a special meeting of shareholders (the "Special Meeting") of Bitfarms Ltd. (NASDAQ: BITF) ("Bitfarms" or the "Company") to reconstitute the Bitfarms Board of Directors (the "Bitfarms Board"). As disclosed in Riot’s June 24, 2024 press release, Riot has nominated three director nominees (the "Nominees") – John Delaney, Amy Freedman and Ralph |