Bitcoin Boom and $500M AI Pivot Send Bitfarms (BITF) Stock Soaring 148% – Will the Rally Last?
Bitfarms stock surged nearly 150% year-to-date, closing at $5.01 on Oct. 17 after hitting a 52-week high of $6.20 amid Bitcoin’s record $125,000 rally. The company raised $588 million through convertible notes to fund expansion into AI and HPC. CFO Jeff Lucas retires Oct. 27, with Jonathan Mir named as successor. Bitfarms now holds over $1 billion in liquidity for growth.