Bitfarms .(US:BITF) Yahoo Finance·2025-11-29 06:26Core Insights - Bitfarms Ltd. (NASDAQ:BITF) has demonstrated strong performance in Q3 2025, with a 156% year-over-year revenue increase to $69 million, driven by growth in energy infrastructure and mining operations [3] - Cantor Fitzgerald raised its price target for Bitfarms from $2.20 to $5.00, maintaining an "Overweight" rating based on the company's encouraging Q3 results despite some operational discontinuations [2] - The company has shifted its focus to North American high-performance computing (HPC) and AI infrastructure projects after discontinuing operations in Argentina and Paraguay [4][5] Financial Performance - Q3 2025 revenue reached $69 million, a significant increase from the previous year, while adjusted EBITDA rose from $2 million in Q3 2024 to $20 million [3] - The company reported a net loss of $46 million for the quarter, which included a $34 million impairment charge related to the reclassification of assets from Paraguay operations [3][4] - Bitfarms finalized a $588 million convertible note offering, increasing its liquidity to $814 million as of November 12, 2025, positioning the company for future expansion [5] Strategic Changes - The discontinuation of operations in Argentina and Paraguay resulted in $14 million in revenue and a net loss of $35 million from these operations [4] - The strategic shift towards HPC and AI infrastructure is expected to enhance the company's growth potential in these emerging sectors [5]