Why Bitfarms Plunged More than 12% Following Earnings

Key Points Bitfarms reported Q3 numbers, which showed improvements in revenue, but the company's loss per share stayed the same. Both Bitfarms' revenue and earnings missed analyst expectations, leading many to expect analyst downgrades on the horizon. With a drop of more than 12% in morning trading on Thursday, it's clear the market is souring on the growth potential of this once-hot sector. 10 stocks we like better than Bitfarms › As of noon ET, Bitfarms (NASDAQ: BITF) is among the biggest mover ...