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Bitfarms surged to a 52-week high on strong mining outlook, new financing, and leadership change.
Bitfarms (BITF) hit a 52-week high near $5.42 as analysts upgraded the stock on stronger Bitcoin mining prospects, improved operations, and access to low-cost renewable energy.
The company secured $300 million in project financing, with $50 million earmarked for its Pennsylvania data center, set to begin construction in Q4 2025 and become operational by late 2026.
CFO Jeff Lucas will retire October 27, replaced by Jonathan Mir, a veteran in energy and capital markets.
Despite a slight dip, shares remain above key moving averages, supported by strong momentum and investor confidence in the company’s pivot toward AI and digital infrastructure.
Bitfarms subió a un máximo de 52 semanas con fuertes perspectivas mineras, nueva financiación y cambio de liderazgo.