Bitfarms Stock Price, News & Analysis

Bitfarms (NASDAQ/TSX: BITF) announced that Jonathan Mir will become Chief Financial Officer effective October 27, 2025, succeeding Jeff Lucas, who is retiring and will remain as a strategic financial advisor through Q1 2026 to support the transition.

Mir brings 25+ years of capital markets experience in energy infrastructure, including senior roles at Lazard and Bank of America. The company emphasized Mir's role in supporting its shift to North American HPC/AI infrastructure with projects in Pennsylvania, Quebec, and Central Washington. Management reported approximately US$330M in cash and Bitcoin and up to $250M available on a project facility for the Panther Creek campus.

Bitfarms (NASDAQ/TSX: BITF) converted its previously announced private debt facility from Macquarie to an up to $300 million project-specific financing for the Panther Creek data center campus in Pennsylvania.

The company will draw an additional $50 million, for $100 million drawn through closing, to accelerate long‑lead equipment purchases and fund civil works and substation construction. Bitfarms expects to break ground in Q4 2025 and targets energization for Phase 1 by year-end 2026. The Panther Creek campus is described as a 350 MW HPC/AI development. Northland acted as placement agent; Skadden and Latham & Watkins served as legal counsel. The draw is subject to customary closing conditions.

Bitfarms (NASDAQ/TSX: BITF) has appointed former Amazon Web Services (AWS) executive Wayne Duso to its Board of Directors, expanding the board to seven members, with six being independent. During his 12-year tenure at AWS, Duso scaled AWS Boston and launched businesses exceeding $1B in annual recurring revenue.

Duso brings over 25 years of experience in enterprise technologies, particularly in cloud storage systems and data center management. His appointment aligns with Bitfarms' strategic expansion into HPC/AI infrastructure, supported by their 1.3 GW energy pipeline, including 1 GW of potential capacity in Pennsylvania.

Bitfarms (NASDAQ/TSX: BITF) reported Q2 2025 financial results, highlighting its strategic pivot towards HPC/AI infrastructure development. The company achieved revenue of $78 million, up 87% year-over-year, with a gross mining margin of 45%. Key developments include submitting a Master Site Plan for the Panther Creek data center campus and partnering with T5 Data Centers for HPC/AI development.

The company is executing a significant U.S. pivot, establishing a second principal office in NYC and initiating a share buyback program, having already repurchased 10% of available shares. Bitfarms maintains strong liquidity of $230 million, including $85 million in cash and $145 million in unencumbered Bitcoin. The company plans to discontinue operations in Argentina by November 2025, while focusing on its North American expansion with over 1 GW in Pennsylvania pipeline.

Bitfarms (NASDAQ/TSX: BITF) has announced a strategic partnership with T5 Data Centers to advance HPC/AI development at its Panther Creek campus in Pennsylvania. T5, which serves major U.S. hyperscalers, will provide comprehensive pre-construction design planning and development services.

The collaboration aims to develop a state-of-the-art facility for high-performance computing and AI applications, leveraging Bitfarms' 1 GW pipeline in Pennsylvania. The partnership aligns with recent White House commitments of $90 billion in AI investments and positions Bitfarms to capitalize on Pennsylvania's emergence as a hub for next-generation data center development.

Bitfarms (NASDAQ/TSX: BITF), a global energy and compute infrastructure company, has scheduled its Q2 2025 earnings release and conference call for August 12, 2025. The financial results will be released before market opening, followed by a management-hosted conference call at 8:00 AM EST.

All quarterly materials will be accessible in the 'Financial Results' section of Bitfarms' investor website. Investors can participate through a live webcast or by registering for telephone access.

Bitfarms (NASDAQ/TSX: BITF), a global energy and compute infrastructure company, has announced two significant corporate changes. First, the company will establish a second Principal Executive Office (PEO) in New York City, utilizing the office acquired from Stronghold Digital Mining. Second, Bitfarms will transition from IFRS to U.S. GAAP accounting standards starting with fiscal year 2025.

The company's CEO Ben Gagnon highlighted that these changes follow their successful rebalancing to ~70% North American megawatts in Q1. These initiatives are expected to streamline reporting processes, reduce costs, expand U.S. investor base, and enhance eligibility for stock indices inclusion, supporting Bitfarms' HPC/AI growth strategy.

Bitfarms (NASDAQ/TSX: BITF), a global energy and compute infrastructure company, has announced a significant share buyback program approved by its Board of Directors. The company is authorized to repurchase up to 49,943,031 common shares, representing 10% of its public float, between July 28, 2025, and July 27, 2026.

Daily repurchases on TSX will be limited to 494,918 common shares, while Nasdaq purchases will not exceed 5% of outstanding shares during the program period. CEO Ben Gagnon emphasized that the program reflects management's belief that Bitfarms' shares are undervalued, particularly regarding their Bitcoin business and HPC potential.

The company has established an automatic repurchase arrangement with its designated broker to facilitate purchases during pre-determined blackout periods.

Bybit, the world's second-largest crypto exchange, has announced the listing of three new stocks on its TradFi platform: SharpLink Gaming (NASDAQ: SBET), CleanSpark (NASDAQ: CLSK), and Bitfarms (NASDAQ: BITF).

Notable among these is SBET, which has reportedly acquired 74,656 ETH (valued at $213 million), with 99.7% of its holdings deployed in staking strategies since June. This significant Ethereum position has led analysts to compare SBET to MicroStrategy's Bitcoin strategy, dubbing it "Ethereum's version of MicroStrategy."