Bitfarms Stock Explodes on Crypto & AI Boom – 148% YTD Rally
Bitfarms is a “vertically integrated” Bitcoin miner: it builds, owns and operates its mining farms end-to-end investor.bitfarms.com. The company operates about 13 data centers across four countries investor.bitfarms.com. These facilities house thousands of ASIC miners powered mostly by hydro-electric and other long-term renewable contracts – Bitfarms boasts 82–90% renewable energy use investor.bitfarms.com ainvest.com. In-house teams handle electrical engineering, installation, and repairs investor.bitfarms.com. As of mid-2025, Bitfarms had ~17–19 EH/s of operational hashing capacity. This makes it one of North America’s larger miners, alongside peers like Marathon and Riot ts2.tech. Bitfarms specializes solely in Bitcoin mining, but it is now pivoting aggressively into high-performance computing and AI infrastructure to diversify revenue sources stocktitan.net cantechletter.com. Bitfarms’ stock has roared higher in Q3 2025. On the NASDAQ, the share price jumped from around $1.00 to ~$4.00 by Oct 8 nasdaq.com – a +148% year-to-date gain nasdaq.com. On the TSX, the stock hit a new 52-week high C$5.28 on Oct 7 and closed at C$4.83 that day marketbeat.com. Most moving averages have turned sharply upward marketbeat.com, reflecting the parabolic run-up. Recent trading volume has been enormous: e.g., ~$430–$440 M traded on Oct 8, 2025 ainvest.com. Technical indicators are extremely bullish – on Oct 9