Bitfarms Ltd. Common Stock

Bitfarms Ltd. announced the sale of its 70 MW Paso Pe, Paraguay bitcoin mining site to Sympatheia Power Fund for up to $30 million, completing its exit from Latin America. The company will reinvest proceeds into North American HPC/AI infrastructure, rebalancing its portfolio to 100% North American operations with 341 MW energized capacity and 2.1...

The article compares two growth stocks: Bitfarms, which is transitioning from Bitcoin mining to AI/HPC infrastructure by 2027, and Robinhood, which is expanding into prediction markets. While Bitfarms has optimistic forward valuations (P/E of 84), it has missed EPS estimates for three consecutive quarters and faces execution risks. Robinhood demo...

Bitcoin rallied from $87,800 to nearly $91,000 over the weekend, showing a 3.4% increase. The cryptocurrency's price movement suggests a potential market sentiment reversion, with analysts noting its high beta correlation to market trends.

Bitfarms stock surged 10% following CleanSpark's strong earnings, as the company pivots from Bitcoin mining to AI and cloud computing services, potentially generating more profitable computing workloads.

Bitfarms experienced a significant stock decline of nearly 30% this week due to missed earnings expectations, shifting business focus, and broader cryptocurrency market volatility.