Bitfarms Ltd. (BITF) Hits New High on Bullish Rating, PT

Core Viewpoint - Bitfarms Ltd. (NASDAQ:BITF) has experienced significant stock performance, reaching an all-time high following a price target upgrade and positive rating from Northland [1][2]. Group 1: Stock Performance - Bitfarms extended its winning streak to eight consecutive days, climbing to a new all-time high [1]. - The stock surged to a peak price of $5.42 during the intra-day session, ultimately closing at $5.39, reflecting a 28.33% increase [2]. Group 2: Investment and Expansion - Northland upgraded Bitfarms' rating to "outperform" and raised the price target to $7, more than double the previous target of $3.25, following the company's conversion of a $300 million debt facility for data center development [2]. - The loan from Macquarie Group supports Bitfarms' expansion into AI servicing, with an additional $50 million drawn from the facility for civil works and construction of a substation [3]. - CEO Ben Gagnon emphasized that converting the facility to project level allows for accelerated construction timelines and increased flexibility to meet the demand for HPC/AI infrastructure in Pennsylvania [4].