Bitfarms (BITF) Stock Whipsaws Amid Bitcoin Boom and $500M AI Pivot – Will the Rally Resume?
Bitfarms (NASDAQ: BITF) traded near $4.10 on Oct. 26, 2025, after plunging 40% from a 52-week high as Bitcoin fell sharply from record levels. The company raised $500 million in convertible notes to fund a pivot into AI and data centers, and named Jonathan Mir as CFO, replacing Jeff Lucas. Shares remain up over 140% year-to-date despite recent volatility.