Wall Street expects a year-over-year decline in earnings on higher revenues when Bitfarms Ltd. (BITF) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 13, 2024, might help the stock move higher if these key numbers are better than expect ...

TORONTO and BROSSARD, Québec, April 26, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global vertically integrated Bitcoin mining company, will report its first quarter 2024 financial results on Monday May13, 2024, before the market opens. Management will host a conference call on the same day at 8:00 am EST. A presentation of the Q1 2024 results will be accessible before the call on the Investor website and can be accessed here. Participants may join by calling 877-545-0523 (domestic) or 973-528-001 ...

Key PointsThe Bitcoin halving event significantly impacts miner profitability, requiring strategic adjustments to maintain competitiveness.Leading mining companies are embracing innovation and diversification to navigate the post-halving era.Emerging contenders in the mining industry are demonstrating promising growth potential and strategic vision.5 stocks we like better than Bitdeer Technologies GroupBitcoin (BTC) is the pioneering cryptocurrency that has revolutionized the fintech sector since its incept ...

TORONTO, Ontario and BROSSARD, Québec , April 17, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF/TSX: BITF), a global vertically integrated company, today announced that various members of management will be participating in the upcoming investor and industry conferences: For more information, please refer to the conference websites or BITF IR Calendar. To arrange a 1:1 meeting at or around any of the events, please contact the appropriate institutional sales representatives or Bitfarms’ IR Team at tk ...

TORONTO, Ontario and BROSSARD, Québec , April 17, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF/TSX: BITF), a global vertically integrated company, today announced that various members of management will be participating in the upcoming investor and industry conferences: For more information, please refer to the conference websites or BITF IR Calendar. To arrange a 1:1 meeting at or around any of the events, please contact the appropriate institutional sales representatives or Bitfarms’ IR Team at tk ...

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, April 12, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global vertically integrated Bitcoin mining company, today announced the completion of its first two farm upgrades with over 5,000 Bitmain T21 miners installed and operating in Québec. "Our Bitmain miner instal ...

Exploring the stocks that could turn $100 into $1,000 reveals the thrilling potential of the penny stock market.Don’t get your hopes up so fast, though. The Fear and Greed Index has dipped back into ‘neutral’ territory from ‘greed’ last month. However, with the backdrop of impending interest rate cuts, I expect that scenario to change dramatically later in the year. The three interest rate cuts expected in the latter half of the year could inject additional vitality into the market. This could offer healthy ...

In my view, it’s the best time to grab undervalued penny stocks for multibagger returns.The first reason for this view is the point that rate cuts are impending in the second half of 2024. Easy money policies translate into higher interest (and speculation) in growth and penny stocks. I therefore expect the markets to be supportive in the coming quarters.The second reason is focus on most undervalued penny stocks to buy in April that these companies have potential catalysts. If these catalysts pay-out in th ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Bitfarms Ltd. (BITF) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Bitfarms currently has an average bro ...

Penny stocks are subject to extreme price fluctuations. This makes them appealing to investors looking for explosive returns. Look no further than Advanced Micro Devices (NASDAQ:AMD), for example. Potential rate cuts and steady corporate profits are perking up investor sentiment. This led to the S&P 500 returning around 10% in 2024 this year.Due to their low price, even small increases in share value can result in significant percentage gains. Therefore, even if it has nothing to do with penny stocks specif ...