Bitfarms Stock Skyrockets on Bitcoin Boom and AI Pivot – Can the 148% Rally Hold?
Bitfarms shares surged 148% year-to-date by mid-October 2025, hitting a 52-week high of $6.20 before plunging 40% as Bitcoin corrected. The company raised $588 million via convertible notes and announced a new CFO, Jonathan Mir. Bitfarms is expanding into AI data centers, building a 350 MW campus in Pennsylvania, and exiting Argentina. Over 80% of its 1.3 GW pipeline is now U.S.-based.