Bitcoin Boom & $500M AI Data Deal Send Bitfarms (BITF) Stock Soaring — 148% YTD Gains
Bitfarms’ stock surge is closely tied to Bitcoin’s own bull run. The cryptocurrency hit a record ~$126,000 on Oct. 5, 2025 reuters.com, riding nearly $6 billion in inflows into crypto ETFs reuters.com. This exuberance has lifted virtually all Bitcoin miners. Bitfarms, being highly leveraged to Bitcoin’s price, saw its shares hit new multi-year highs in mid-October ts2.tech. For example, on Oct. 14 BITF jumped almost 9% in one day ts2.tech before a late-week pullback. Trading volumes have been exceptionally large as traders chase the momentum ts2.tech. Over the past four weeks, BITF is up more than 60% nasdaq.com, vastly outperforming the S&P 500. But this volatility cuts both ways: a sharp sell-off on Oct. 16 erased many gains after the convertible note news.
