Core Insights - Bitfarms Ltd. reported a revenue of $78 million for Q2 2025, representing an 87% year-over-year increase [9][30] - The gross mining margin decreased to 45% from 51% in Q2 2024 [9][31] - The company is advancing its HPC/AI development strategy through partnerships and a robust balance sheet [1][3] HPC / AI Development - Bitfarms submitted a Master Site Plan for its Panther Creek data center campus to Macquarie Group, supported by a $300 million debt facility [6] - The company partnered with T5 Data Centers to enhance HPC/AI development at the Panther Creek campus [1][6] - The energy capacity at Panther Creek is expected to expand to 50 MW in 2026 and 300 MW by 2027 [6] Energy Portfolio - The company has rebalanced its energy portfolio to 410 MWuM, with 82% located in North America [6] - Bitfarms confirmed a total multi-year MW pipeline of over 1.3 GW, with more than 80% in the U.S. [6] U.S. Pivot & Corporate Initiatives - Bitfarms initiated a corporate share buyback program, repurchasing 10% of available shares at an average price of $1.24 [13][5] - The company is transitioning to U.S. GAAP accounting by Q4 2025 and has established a second principal executive office in New York City [3][13] Financial Performance - The company reported an operating loss of $40 million, including a non-cash impairment charge of $15 million related to its Argentina operations [12][30] - Adjusted EBITDA for Q2 2025 was $14 million, or 18% of revenue, compared to $11 million or 28% in Q2 2024 [12][31] - Bitfarms earned 718 BTC at an average direct cost of production of $48,200 per BTC [12][39]

Company Announcement - Bitfarms Ltd (BITF) 现在在 MEXC 上提供股票期货交易 [1] - 可以随时随地交易 BITFUSDT，无需中间人 [1] Trading Benefits on MEXC - MEXC 提供零费用交易 [1] - MEXC 提供深度流动性 [1] - MEXC 提供高达 5 倍的杠杆 [1]

Group 1 - Cryptocurrency concept stocks showed strength in pre-market trading on August 7, with Coinbase rising by 2.9% [1] - Bitfarms experienced an increase of 3.1% [1] - Strategy saw a rise of 1.6% [1]

Core Viewpoint - The market anticipates Bitfarms Ltd. (BITF) will report a year-over-year increase in earnings driven by higher revenues when it releases its results for the quarter ended June 2025 [1] Financial Expectations - The upcoming earnings report is expected to show a quarterly loss of $0.01 per share, reflecting an 85.7% year-over-year improvement [3] - Revenues are projected to reach $81.67 million, representing a 96.6% increase from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has been revised 40% higher in the last 30 days, indicating a positive reassessment by analysts [4] - The Most Accurate Estimate for Bitfarms is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +25.00% [12] Earnings Surprise Prediction - A positive Earnings ESP reading suggests a strong likelihood of an earnings beat, especially when combined with a Zacks Rank of 2 (Buy) [10][12] - Bitfarms has a history of beating consensus EPS estimates, having surpassed expectations in three out of the last four quarters [14] Industry Context - Jamf Holding (JAMF), another player in the Zacks Technology Services industry, is expected to report earnings per share of $0.17 for the same quarter, indicating a year-over-year change of +21.4% [18] - Jamf's revenues are anticipated to be $168.63 million, up 10.2% from the previous year [18]

T5 Data Centers is an established leader in data center design, construction and operations, providing a full range of data center services from development and construction to facility management and operation. They offer customizable, scalable solutions for both enterprise and hyperscale clients, ensuring reliable high- performance computing environments. TORONTO, Ontario and NEW YORK, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (the "Company"), a global energy and compute infrastru ...

Company Performance - Bitfarms Ltd. closed at $1.24, down 3.13% from the previous session, underperforming the S&P 500's loss of 0.3% [1] - Over the past month, Bitfarms shares gained 52.35%, significantly outperforming the Business Services sector's gain of 0.16% and the S&P 500's gain of 3.64% [1] Financial Forecast - The upcoming financial results are expected to show an EPS of -$0.01, reflecting an 85.71% increase from the same quarter last year [2] - Revenue is projected at $81.84 million, up 96.97% year-over-year [2] Annual Estimates - For the entire year, the forecast indicates an EPS of -$0.1 and revenue of $328.49 million, representing increases of 28.57% and 70.31% respectively compared to the previous year [3] - Recent adjustments to analyst estimates suggest a positive outlook for Bitfarms, indicating analyst optimism regarding business and profitability [3] Analyst Ratings - The Zacks Rank system, which evaluates estimate changes, currently rates Bitfarms Ltd. as 2 (Buy) [5] - Over the last 30 days, the Zacks Consensus EPS estimate has increased by 31.03% [5] Industry Context - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 87, placing it in the top 36% of all industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]

Group 1 - Bitfarms Ltd. will report its second quarter 2025 financial results on August 12 before the market opens [1] - A conference call will be hosted by management on the same day at 8:00 am EST [1] - All Q2 2025 materials will be available on the Bitfarms investor site prior to the call [1] Group 2 - Bitfarms is a North American energy and compute infrastructure company founded in 2017 [3] - The company operates 15 data centers across four countries: the United States, Canada, Argentina, and Paraguay [3] - Bitfarms focuses on vertically integrated data centers that mine Bitcoin [3]

Core Insights - Class actions have been initiated for investors of Bitfarms Ltd. (NASDAQ: BITF) and Reddit, Inc. (NYSE: RDDT) due to alleged misleading statements and operational issues [1] Bitfarms Ltd. (NASDAQ: BITF) - The class period for Bitfarms is from March 21, 2023, to December 9, 2024, with a lead plaintiff deadline of July 8, 2025 [2] - Allegations include that Bitfarms had deficient internal controls over financial reporting, misclassified cash flows from digital asset sales, and overstated remediation of material weaknesses in internal controls [2] - The company is accused of issuing inaccurate financial statements that may need restatement, leading to materially false public statements throughout the class period [2] Reddit, Inc. (NYSE: RDDT) - The class period for Reddit is from October 29, 2024, to May 20, 2025, with a lead plaintiff deadline of August 18, 2025 [3] - Allegations state that changes in Google Search's algorithm, particularly the introduction of AI features, negatively impacted user traffic to Reddit [4] - Reddit's earnings release on May 1, 2025, indicated three consecutive quarters of deceleration in daily active user growth, resulting in a stock price drop of $4.96 per share (4.2%) [5] - Following analyst downgrades from Wells Fargo and Baird, Reddit's stock experienced further declines, with a notable drop of $9.79 per share (9.3%) on May 21, 2025 [6][8]

Core Viewpoint - Bitfarms Ltd. is establishing its second Principal Executive Office in New York City and transitioning to U.S. GAAP reporting to align with industry standards and enhance operational efficiencies [1][2]. Company Overview - Bitfarms Ltd. is a North American energy and compute infrastructure company founded in 2017, operating 15 data centers across the United States, Canada, Argentina, and Paraguay, primarily focused on Bitcoin mining [3]. Strategic Initiatives - The establishment of a New York City office and the shift to U.S. GAAP are part of Bitfarms' strategy to simplify reporting processes, reduce costs, and broaden its U.S. investor base [2]. - The company aims to enhance its eligibility for inclusion in stock indices and improve operational efficiencies as part of its HPC/AI growth strategy [2]. Financial Reporting Transition - The transition from IFRS to U.S. GAAP is expected to begin with the annual consolidated financial statements for the fiscal year ending December 31, 2025 [1].

Core Viewpoint - Bitfarms Ltd. has announced the initiation of a corporate share buyback program, reflecting the company's confidence in its undervalued shares and growth strategy in high-performance computing [1][3]. Summary by Sections Corporate Actions - The Board of Directors has approved a share buyback program, allowing the company to purchase up to 49,943,031 common shares, which is approximately 10% of the public float [1][2]. Program Details - The buyback program will commence on July 28, 2025, and conclude on July 27, 2026 [2]. - The company will conduct repurchases through the Toronto Stock Exchange (TSX) and/or Nasdaq, with daily limits set to 494,918 shares on TSX, representing 25% of the average daily trading volume [4]. Management Insights - CEO Ben Gagnon emphasized that the shares are undervalued due to the market's underappreciation of the Bitcoin business and the company's high-performance computing potential [3]. - The buyback program is seen as a strategy to leverage the company's strong balance sheet while pursuing growth opportunities in HPC/AI [3]. Financial Considerations - The price paid for repurchased shares will be based on the market price at the time of acquisition [5]. - An automatic repurchase arrangement has been established to facilitate purchases during predetermined blackout periods [6]. Company Overview - Bitfarms, founded in 2017, operates 15 data centers across four countries, focusing on Bitcoin mining and energy infrastructure [7].