Reported about 10 hours ago
Northland Securities has reaffirmed a Buy rating for Bitfarms Ltd. (NASDAQ:BITF), setting a price target of $3.25 following the company's Q1 2025 results, which reflected a 33% year-over-year revenue growth to $67 million. However, the company's gross mining margin decreased from 63% to 43%. Bitfarms is actively enhancing its strategic positioning in cryptocurrency mining through acquisitions, including operations in Pennsylvania and the sale of its Paraguayan bitcoin mining site.
Source: YAHOO