Bitfarms (BITF) Stock Rockets: Bitcoin at $125K & $500M AI Data Deal Fuel Rally
Bitfarms shares fell 12.3% to $3.94 on Oct. 22, after volatile trading that saw a 52-week high of $6.20 earlier in the month. The company closed a $500 million convertible note deal and named Jonathan Mir as CFO. Bitfarms is shifting toward AI and high-performance computing, using new financing to expand a Pennsylvania campus. Wall Street remains mostly bullish, with a $4.35 average price target.