- Surging Share Price: Bitfarms Ltd. (NASDAQ: BITF) stock trades around $5.00 as of October 21, 2025, after closing at $5.01 last week [1]. The stock surged nearly +19% last week and is up about +148% year-to-date [2], dramatically outperforming the broader market.
- Volatile Rally: BITF hit a new 52-week high of roughly $6.20 intraday on Oct. 14 before profit-taking set in [3]. After a roller-coaster week, shares pulled back into the ~$5 range [4]. Such swings underscore high volatility (the stock’s beta is ~4–5) and its tight correlation with Bitcoin’s price.
- Major Moves: In recent days Bitfarms announced significant strategic changes. CFO Jeff Lucas will retire on Oct. 27 and veteran investment banker Jonathan Mir has been appointed as the new CFO [5]. The company also launched a $300 million convertible note offering, upsized to $500 million due to strong demand [6]. This low-interest (1.375%) debt, convertible at ~$6.86/share, gives Bitfarms a large cash infusion to fund its expansion into AI and high-performance computing (HPC) data centers [7].
- Crypto Tailwinds: A booming crypto market is lifting all bitcoin miners. Bitcoin’s price hit a record high above $125,000 in early October [8], fueled by nearly $6 billion of ETF inflows in one week. Higher Bitcoin prices directly boost miners’ profit margins – Bitfarms mined 718 BTC in Q2 at a ~$48K cost per coin, so with BTC now well over $100K, its profit per coin has more than doubled [9]. Peers like Riot Platforms and Marathon Digital have also rallied amid the crypto surge.
- Analyst Outlook: Wall Street is optimistic but cautious on BITF. All six analysts covering Bitfarms rate it a “Buy,” yet the average 12-month price target is only ~$4.35 – slightly below the current stock price [10]. Some bulls have issued aggressive targets up to $7 [11], applauding Bitfarms’ “disciplined finances and HPC pivot.” However, skeptics note Bitfarms remains unprofitable (it lost $29M in Q2 despite $78M revenue) [12], warning that the stock’s fundamentals haven’t caught up to its meteoric rise [13].
BITF Stock Surges on Bitcoin’s Rally
Bitfarms stock has been on an absolute tear this fall, riding the wave of a broader crypto resurgence. As of this week, BITF is hovering around $5 per share, roughly quintupling since the start of 2025 [14]. Just last week, the stock spiked to an intraday high of ~$6.20 – a level not seen in years – before a late-week pullback [15]. Even after cooling off, Bitfarms still finished the week up nearly +19% (making it one of the top financial stock gainers) [16]. Year-to-date, BITF has skyrocketed roughly +148%, rising from about $1 in January to the mid-$4s by mid-October [17].
Such rapid gains have come with equally sharp swings. Traders describe Bitfarms as a high-beta, high-volatility stock – it often jumps or drops several times more sharply than the overall market [18]. For example, on Oct. 14, BITF surged almost +9% in one day to close near $5.89 (after hitting $6.20 intraday) [19]. But a couple days later, a negative news surprise sent shares plunging 18% in a single session [20] [21]. This roller coaster behavior reflects Bitfarms’ close ties to Bitcoin’s fortunes and investor sentiment. “The stock rallied for a 5th consecutive day…to a new all-time high,” one market analysis noted during the mid-week euphoria [22], only for profit-taking to knock the price back down toward $5 by week’s end [23]. In short, BITF’s rally has been powerful but choppy, with the stock now consolidating in the mid-$4 to $5 range – still miles above where it began the year [24].
Strategic Moves: CFO Shake-Up, $500M Financing, and an AI Pivot
Bitfarms hasn’t relied on crypto luck alone – the company is also making bold strategic moves to transform its business. In the span of a few days mid-October, Bitfarms announced a flurry of developments signaling a new chapter for the firm:
- Executive Change: On Oct. 14, Bitfarms revealed that longtime CFO Jeff Lucas will retire, with Jonathan Mir named as the incoming Chief Financial Officer [25]. Mir is a seasoned financier who spent 25+ years at Lazard and Bank of America in energy infrastructure banking [26]. CEO Ben Gagnon praised the hire, saying the leadership change positions Bitfarms to “execute on our HPC/AI growth strategy in Pennsylvania, Quebec and Central Washington” [27]. Lucas will stay on as an advisor through Q1 2026 to ensure a smooth handoff. The C-suite shake-up follows other corporate shifts earlier this year: Bitfarms initiated a 10% share buyback program over the summer and even opened a New York office (adopting U.S. GAAP accounting) as it increasingly pivots from a Canadian crypto miner into a U.S.-focused tech infrastructure player [28].
- Massive Capital Raise: In mid-October, Bitfarms took advantage of investor enthusiasm to raise a half-billion dollars for growth. On Oct. 15 the company announced a $300 million convertible note offering, and one day later it upsized the deal to $500 million due to heavy demand [29]. The notes carry a low 1.375% interest rate and mature in 2031 [30]. They are convertible to stock at about $6.86 per share, roughly a 30% premium to Bitfarms’ pre-announcement trading price [31]. The offering is expected to close around Oct. 21, 2025 [32]. Notably, Bitfarms also granted buyers an option to purchase an extra $88 million in notes, potentially bringing even more capital [33]. To reassure shareholders worried about dilution, the company entered into “capped call” options – using part of the proceeds to essentially hedge against dilution if the stock soars above ~$11.88 in the future [34]. This move signals management’s confidence: they’re protecting shareholders from dilution unless BITF more than doubles from current levels [35]. Bitfarms called the financing an “opportunistic capital raise” to bankroll its expansion plans [36].
- AI/HPC Expansion: The fresh $500M war chest aligns with Bitfarms’ ongoing pivot beyond pure bitcoin mining into high-performance computing (HPC) and artificial intelligence infrastructure [37]. Just days before the convertible notes, Bitfarms announced it had converted a $300 million credit facility with Macquarie into a dedicated project loan for its “Panther Creek” data center campus in Pennsylvania [38]. This October 10 update also allowed Bitfarms to immediately draw an extra $50M to accelerate construction at Panther Creek [39]. The Panther Creek campus is a planned 350 MW data center aimed at hosting AI and cloud computing workloads alongside crypto mining [40]. Bitfarms is partnering with established data center firm T5 Data Centers to develop this HPC infrastructure [41]. The company even acquired 181 acres of land in Pennsylvania (and another site in Washington state) to support future AI computing campuses [42]. These investments illustrate Bitfarms’ strategic broadening: the firm wants to leverage the expertise (and cheap energy access) honed in bitcoin mining to run large-scale cloud and AI data centers [43].
- Refocusing on North America: In tandem with its U.S. expansion, Bitfarms has been streamlining operations abroad to reduce risk. The company is shutting down its 58 MW mining facility in Argentina after persistent power supply issues there [44]. (An Argentine energy provider cut power to the site in May amid that country’s economic turmoil.) Bitfarms expects to fully decommission the Argentina mine by November 11, 2025 [45]. It negotiated to recover a $3.5 million energy deposit and eliminate related obligations [46]. By trimming exposure to unstable regions and concentrating on North America (especially the U.S.), Bitfarms aims for more reliable operations. Today, over 80% of its 1.3 GW development pipeline is U.S.-based [47] – covering expansions in Pennsylvania and Washington, plus existing mines in Quebec and Paraguay. This geographic pivot also brings a cleaner energy mix and more stable power grids, which are crucial for both Bitcoin mining and power-hungry AI computing [48].
Each of these moves – leadership changes, massive fundraising, and a leap into AI hosting – has energized investors. By showing it can raise capital cheaply and articulate a vision beyond crypto mining, Bitfarms has fed the narrative that it is “more than just a crypto miner” now [49]. Outgoing CFO Jeff Lucas reflected on this evolution, noting that during his tenure Bitfarms transitioned “from a Bitcoin miner to an HPC/AI infrastructure pioneer.” He stated the company now has roughly $330 million in cash and bitcoin holdings, plus up to $250 million of additional credit available, and declared “we have never been better capitalized… [and] have a long runway of growth” ahead [50] [51]. In short, Bitfarms enters late 2025 with an unprecedented war chest to fund its ambitions and diversify its business.
Bitcoin Boom Lifts the Mining Sector
Bitfarms’ explosive stock gains come against the backdrop of a historic crypto rally often dubbed “Uptober” 2025. In early October, Bitcoin’s price blasted past six figures for the first time, reaching around $125,000 per coin on October 5 [52]. That milestone shattered the previous all-time high and unleashed a wave of euphoria across crypto markets. A key driver was the flood of institutional money pouring into Bitcoin. Crypto-focused ETFs saw record inflows of $5.95 billion in a single week as investors rushed into new Bitcoin funds [53]. “This level of investment highlights the growing recognition of digital assets as an alternative in times of uncertainty,” observed James Butterfill of CoinShares, commenting on the unprecedented fund flows [54].
Multiple tailwinds are fueling Bitcoin’s boom. In the U.S., regulators have grown more receptive to crypto: a new presidential administration in 2025 has signaled a friendlier stance toward Bitcoin mining and blockchain technology, reversing some of the crackdowns of prior years [55]. Over the summer, the SEC advanced several spot Bitcoin ETF applications, a development many see as legitimizing crypto on Wall Street [56]. Meanwhile, macroeconomic trends like a weaker U.S. dollar and record-high gold prices are boosting Bitcoin’s appeal as an inflation hedge and safe-haven asset [57]. “All these factors converged to create a near-perfect environment for Bitcoin miners: high prices, high demand, and improving public perception,” noted a TS2.tech market analyst [58].
For mining companies like Bitfarms, a six-figure Bitcoin is transformative. Since miners’ operating costs (electricity, personnel, etc.) are largely fixed, higher BTC prices flow almost directly into higher profit per coin mined [59]. Bitfarms, for instance, produced 718 BTC in Q2 2025 at an average cost around $48,200 per coin [60]. With Bitcoin now trading well above $100K, the profit margin on each coin has more than doubled, providing a windfall for cash flow [61]. This dynamic is evident across the industry: virtually all crypto-mining stocks have been soaring in tandem with Bitcoin’s climb. Bitfarms’ share price in particular has closely tracked Bitcoin’s bull run – and then some. In fact, BITF often magnifies Bitcoin’s moves: when Bitcoin jumps, Bitfarms tends to jump even higher (and conversely, when BTC dips, BITF often falls harder) [62]. As a Yahoo Finance note put it, Bitfarms is “sensitive to Bitcoin prices” since the majority of its revenue still comes from BTC mining [63].
The past month has indeed seen mining stocks among the market’s biggest winners. Bitfarms’ nearly +20% weekly gain (Oct. 13–17) made it the #1 performing financial stock over $2B market cap for that week [64]. Its peers enjoyed similar excitement. Riot Platforms (RIOT) and Marathon Digital (MARA) – two of the largest U.S. miners – also rallied as Bitcoin hit record highs. Marathon’s stock jumped almost 10% in a single day last week (trading around $22) and Riot’s market cap swelled above $7 billion [65]. Even smaller players like Hut 8 (HUT, after a merger and share consolidation, approaching C$50), Bitdeer (BTDR), Cipher Mining (CIFR), and Iris Energy (IREN) notched double-digit percentage pops [66]. In essence, the entire crypto mining sector is riding the rising tide of Bitcoin’s boom.
That said, the crypto sea can turn choppy without warning. October hasn’t been a one-way ticket up; there have been bouts of volatility amid the uptrend. For instance, on Oct. 10–11, geopolitical jitters (reports of new U.S.–China trade tariffs) sent risk assets tumbling, and Bitcoin plunged from ~$122K down to ~$104K in a sharp correction [67]. Mining stocks (Bitfarms included) took a temporary hit during that dip before rebounding. These swings are a reminder that even in a bull run, “all bets are off” if macro conditions suddenly shift [68]. Still, the overall trend through mid-October has been bullish, and miners have been prime beneficiaries of Bitcoin’s strength.
Notably, miners aren’t just sitting back and riding Bitcoin’s price; they’re also making moves to capitalize on the boom and prepare for the future. Marathon Digital has been aggressively accumulating Bitcoin on its balance sheet (now over 52,850 BTC, worth ~$6.5B at current prices) as a long-term bet, and its CEO Fred Thiel is among the sector’s biggest bulls – he predicts Bitcoin could reach $200,000 by the end of 2025 [69]. Riot Platforms, meanwhile, invested heavily in its energy infrastructure in Texas and even earns extra revenue selling electricity back to the grid during peak price periods [70]. And as discussed, Bitfarms is branching into AI data centers to diversify its business beyond just mining. Each company is effectively using the good times to shore up their strategy before the cycle turns.
One looming event on every miner’s radar: the Bitcoin “halving” in 2024. In about six months, the reward of new BTC miners earn per block will be cut in half. Unless Bitcoin’s price roughly doubles from here (or a miner doubles its mining capacity), the halving will slash mining revenue, squeezing profitability across the industry [71]. This adds pressure for miners to improve efficiency and diversify revenue ahead of that event [72]. Bitfarms’ aggressive push into HPC/AI hosting can be seen as a direct response to this challenge – an attempt to build new income streams that aren’t tied to Bitcoin block rewards [73]. In other words, Bitfarms is preparing a plan B so that even if mining economics tighten after the halving, the company can rely on other business lines for growth.
Analyst & Expert Views: Optimism With a Side of Caution
The dizzying rise of BITF has drawn a range of opinions on Wall Street and among crypto market watchers. Overall sentiment is cautiously optimistic, but there’s a clear divide between bulls and bears. Here’s what the experts are saying:
Wall Street Ratings: According to recent surveys, 6 analysts rate Bitfarms a “Buy” and 1 rates it “Sell.” The consensus 12-month price target is around $4.35 per share [74]. Notably, that’s slightly below the current trading price (~$5), suggesting the stock’s rapid climb has already outpaced many analysts’ expectations [75]. In fact, some price targets set earlier in 2025 have already been surpassed. For example, H.C. Wainwright reiterated a Buy with a $4.00 target mid-year – a level BITF blew past in October [76]. A few analysts have scrambled to raise their targets: Northland Capital recently initiated coverage with a bullish $7.00 price target, one of the highest on the Street [77]. That outlier reflects confidence that Bitfarms’ transformation and the crypto uptrend could drive further upside. On the flip side, independent researcher Weiss Ratings reiterated a “Sell” (D–) on BITF shares as recently as Oct. 8 [78], arguing the rally looks overextended. Such disparity underscores the uncertainty around Bitfarms right now – some see a rising star with more room to run, others see a stock that’s gotten ahead of its fundamentals.
Bullish Perspectives: Proponents highlight Bitfarms’ strategic pivot and improved finances. “Disciplined finances and [the] HPC pivot” are key strengths, says Martin Toner of ATB Capital [79]. He points to Bitfarms’ large 1.3 GW energy pipeline (mostly U.S.-based) and focus on AI data centers as giving the company an edge in next-gen computing infrastructure [80]. This echoes the company’s own messaging – CEO Ben Gagnon has outlined an ambitious vision to “capture significant market share” in the emerging AI infrastructure space, leveraging Bitfarms’ expertise in managing energy-intensive data operations [81]. Gagnon believes blending HPC/AI with mining will unlock synergies, since both require abundant cheap power and resilient facilities [82]. Investors have reacted favorably to this narrative that Bitfarms can ride two of the hottest tech trends – Bitcoin and AI – at once. The stock’s huge rally is, in part, a bet that management can execute on these plans. Insiders also stress how far Bitfarms’ financial footing has come. As noted earlier, CFO Jeff Lucas said the firm’s balance sheet is stronger than ever, with hundreds of millions in liquidity, noting “we have never been better capitalized…[and] have a long runway of growth” [83]. Bitfarms itself highlights metrics like a current ratio of 3.1 (strong short-term liquidity) and the fact that it grew revenue +87% year-over-year in Q2 (to $78M) [84]. Bulls argue that with ample cash and rising revenues, Bitfarms is positioned to turn the corner toward profitability as it expands.
Bearish and Cautious Takes: Not everyone is convinced. Some analysts and observers urge caution, arguing Bitfarms’ fundamentals haven’t yet caught up to its stock price. The reality is that Bitfarms remains unprofitable on an accounting basis. In Q2 2025, alongside $78M in revenue, the company posted a net loss of $29 million (–$0.05 per share) [85]. Its gross mining margin was solid (~45%), but heavy depreciation and expansion costs led to a negative bottom line. Full-year 2025 earnings are also projected to stay in the red – consensus estimates predict roughly –$0.21 EPS for the year [86]. In simple terms, Bitfarms is still investing heavily for growth and banking on Bitcoin’s price to remain high; it hasn’t yet proven it can generate consistent profits. “Fundamentals still lag,” one analyst cautioned, noting that BITF’s valuation looks stretched relative to its current earnings trajectory [87]. Indeed, at ~$5/share, Bitfarms’ market cap near $2.8 billion implies very high multiples on any near-term profit metric. This has some experts worried that if crypto momentum falters, Bitfarms stock could retreat significantly as reality sets in.
There are also hints of insider caution that give bears pause. Notably, Riot Platforms – which had been a strategic investor in Bitfarms – quietly trimmed its stake below 10% recently, according to filings [88]. Riot’s decision to sell some shares during Bitfarms’ rally suggests even an industry peer felt BITF’s valuation was rich enough to cash out gains [89]. Additionally, Bitfarms’ big financing move (issuing $500M in convertible debt) introduced new risks and initially spooked the market. When the $300M note offering was first announced on Oct. 16, Bitfarms’ stock plunged over 18% intraday [90]. Some shareholders were alarmed by the prospect of dilution and debt – at least until details of the capped-call hedge eased those fears [91]. This episode shows the market’s fickleness: euphoria can quickly turn to fear with a single announcement. It’s a reminder that Bitfarms’ stock, for all its upside, is susceptible to sudden sentiment swings.
Crypto Market Outlook: Broader crypto experts likewise offer mixed forecasts for where things head next. On one hand, many remain bullish. For instance, Standard Chartered recently projected Bitcoin could reach $135,000–$150,000+ in the not-too-distant future if current trends persist [92]. If Bitcoin indeed powers higher into 2025, that would likely mean further windfalls for miners like Bitfarms – in revenue and possibly in continued stock upside. Some even more optimistic voices (like Marathon’s CEO Fred Thiel, noted earlier) envision Bitcoin approaching $200K within a year, which would be game-changing for the mining industry [93]. On the other hand, seasoned investors warn about potential reversals. Renowned author Robert Kiyosaki recently cautioned that the crypto market could see a 50% crash before the next big rally [94]. The message: volatility goes both ways, and current prices already reflect a lot of good news. Similarly, crypto strategist Ruslan Lienkha noted that after the initial ETF excitement, “the lack of new catalysts” could cause crypto gains to stall in the short term [95]. For Bitfarms, this means that while the wind is at its back today, management will need to execute on its diversification plans to justify the stock’s gains if Bitcoin’s price momentum takes a breather.
Legal Challenges: It’s also worth noting that Bitfarms has been navigating a legal overhang this year. In mid-2025, a securities class action lawsuit was filed against the company, alleging that Bitfarms made false or misleading statements regarding its financial reporting and internal controls [96]. The suit claims the company misclassified certain cash flows and digital asset transactions, potentially requiring a restatement of financials [97]. This litigation – which accuses Bitfarms of violating securities laws – is still in early stages. While it hasn’t materially derailed the stock’s rise (investors have been far more focused on Bitcoin prices and expansion news), the lawsuit underscores some internal risks. If Bitfarms were forced to address accounting issues or if any damaging revelations emerge, it could impact investor confidence. For now, it remains an unresolved background issue to watch.
Outlook: Balancing Big Opportunity and Big Risks
Looking ahead, Bitfarms sits at the crossroads of two dynamic industries – cryptocurrency mining and high-performance computing – each offering huge opportunities and significant risks. In the short term, Bitfarms’ fortunes will continue to ebb and flow with Bitcoin’s price. If Bitcoin remains elevated or pushes even higher, Bitfarms’ core mining revenues should stay robust (or even explode further), which could finally help push the company toward profitability. In this bullish scenario, Bitfarms would also generate more internal cash to reinvest in its data center expansion. Some forecasts indeed see Bitcoin sustaining six-figure price levels barring any major macro shocks [98]. Under those conditions, late 2025 and 2026 could be banner years for mining economics, giving Bitfarms a cushion as it builds out its new ventures.
On the horizon in 2026, Bitfarms expects to bring online the first phase of its Panther Creek AI/HPC campus – an initial 50 MW of capacity devoted to hosting servers for AI research, cloud computing, and other clients [99]. The campus is slated to scale up to 300–350 MW by 2027 [100], potentially making it one of the larger data center complexes of its kind. If construction stays on schedule, this project could begin contributing new revenue streams as early as 2026 [101]. The hope is that by renting out infrastructure to AI and tech companies, Bitfarms can earn steadier, recurring income that’s less volatile than bitcoin mining. Investors will be watching closely to see if Bitfarms can secure major customers or partnerships in the HPC/cloud space – success there would validate the pivot and diversify the business model. CEO Ben Gagnon is optimistic, arguing that Bitfarms’ background in running power-hungry crypto farms gives it a leg up in operating data centers. The company aims to offer low-cost, reliable computing powered by cheap energy, which could be attractive to AI firms. “The advantages of a U.S.-focused energy and digital infrastructure strategy” are at the core of Bitfarms’ plan to grow beyond mining, Gagnon says [102] [103].
However, plenty of challenges loom as Bitfarms charts this new course. In Bitcoin mining, competition is fierce and only growing – rival miners are racing to expand their hash rate (computing power) to capture a bigger share of each block reward. Bitfarms will need to keep investing in efficient mining hardware (or securing cheaper electricity) just to maintain its position, especially with the 2024 halving set to cut rewards. If Bitcoin prices stumble or if network difficulty keeps climbing, mining margins could get squeezed again, testing Bitfarms’ resilience and cost management.
Meanwhile, entering the AI data center business pits Bitfarms against well-capitalized tech giants and established players. Companies like Amazon (AWS), Microsoft (Azure), and Google are pouring billions into AI cloud infrastructure. Big data-center REITs and colocation providers are also vying to host the next wave of AI supercomputing clusters. Bitfarms will need to carve out a niche – perhaps by focusing on secondary markets with cheaper power, or leveraging its blockchain know-how to attract crypto-related computing workloads. The good news is that, thanks to its recent fundraising and Bitcoin windfall, Bitfarms now has a sizable cash buffer to weather challenges and invest for growth. With roughly $330M in cash and BTC holdings (as of Q3) plus $500M more coming from the new notes [104], the company can afford to be patient. It can fund construction projects and absorb near-term losses without needing to dilute shareholders further or turn an immediate profit. This financial flexibility is a major advantage that not all competitors share – many smaller miners run much leaner balance sheets and could struggle if the cycle turns.
In summary, Bitfarms has rapidly evolved from a small Quebec bitcoin miner into a hybrid crypto-and-compute player with global ambitions. Investors have enthusiastically bid up the stock in anticipation of future rewards, but the road ahead will require skillful execution. The stock’s dramatic rise – and occasional tumbles – will likely continue as the market reacts to each twist in Bitcoin’s price and each milestone (or setback) in Bitfarms’ growth plans. For now, Bitfarms finds itself at the center of two of 2025’s biggest tech narratives: the Bitcoin boom and the AI revolution. If it can successfully straddle both worlds, Bitfarms could be poised for an even more remarkable journey in the years to come. As CFO Jeff Lucas confidently stated on his way out, “we have never been better capitalized…[and] Bitfarms will continue its long runway of growth.” [105] Time will tell whether that runway leads to sustained investor gains – or if there are more twists ahead in this high-flying stock’s story.
Sources: Recent financial news and analysis on Bitfarms [106] [107] [108], Bitfarms press releases and investor updates [109], and cryptocurrency market coverage from TS², Reuters and others [110] [111]. These include ts2.tech updates on Bitfarms’ stock performance and corporate moves, official Bitfarms announcements, and expert commentary on Bitcoin’s impact and the company’s outlook. All data are current as of October 21, 2025.
References
1. ts2.tech, 2. ts2.tech, 3. ts2.tech, 4. ts2.tech, 5. ts2.tech, 6. ts2.tech, 7. ts2.tech, 8. ts2.tech, 9. ts2.tech, 10. ts2.tech, 11. ts2.tech, 12. ts2.tech, 13. ts2.tech, 14. ts2.tech, 15. ts2.tech, 16. ts2.tech, 17. ts2.tech, 18. ts2.tech, 19. ts2.tech, 20. ts2.tech, 21. ts2.tech, 22. ts2.tech, 23. ts2.tech, 24. ts2.tech, 25. ts2.tech, 26. ts2.tech, 27. ts2.tech, 28. ts2.tech, 29. ts2.tech, 30. ts2.tech, 31. ts2.tech, 32. ts2.tech, 33. ts2.tech, 34. ts2.tech, 35. ts2.tech, 36. ts2.tech, 37. ts2.tech, 38. ts2.tech, 39. ts2.tech, 40. ts2.tech, 41. ts2.tech, 42. ts2.tech, 43. ts2.tech, 44. ts2.tech, 45. ts2.tech, 46. ts2.tech, 47. ts2.tech, 48. ts2.tech, 49. ts2.tech, 50. ts2.tech, 51. investor.bitfarms.com, 52. ts2.tech, 53. ts2.tech, 54. ts2.tech, 55. ts2.tech, 56. ts2.tech, 57. ts2.tech, 58. ts2.tech, 59. ts2.tech, 60. ts2.tech, 61. ts2.tech, 62. ts2.tech, 63. ts2.tech, 64. ts2.tech, 65. ts2.tech, 66. ts2.tech, 67. ts2.tech, 68. ts2.tech, 69. ts2.tech, 70. ts2.tech, 71. ts2.tech, 72. ts2.tech, 73. ts2.tech, 74. ts2.tech, 75. ts2.tech, 76. ts2.tech, 77. ts2.tech, 78. ts2.tech, 79. ts2.tech, 80. ts2.tech, 81. ts2.tech, 82. ts2.tech, 83. investor.bitfarms.com, 84. ts2.tech, 85. ts2.tech, 86. ts2.tech, 87. ts2.tech, 88. ts2.tech, 89. ts2.tech, 90. ts2.tech, 91. ts2.tech, 92. ts2.tech, 93. ts2.tech, 94. ts2.tech, 95. ts2.tech, 96. stockstotrade.com, 97. stockstotrade.com, 98. ts2.tech, 99. ts2.tech, 100. ts2.tech, 101. ts2.tech, 102. ts2.tech, 103. ts2.tech, 104. ts2.tech, 105. ts2.tech, 106. ts2.tech, 107. ts2.tech, 108. ts2.tech, 109. investor.bitfarms.com, 110. ts2.tech, 111. ts2.tech
