Bitfarms .(US:BITF) The Motley Fool·2025-12-20 19:32Group 1 - Aurelius Capital Management initiated a new position in Bitfarms, acquiring 6.7 million shares valued at $19 million, making it the fund's largest reported U.S. equity holding for the quarter [2][3] - The new position represents 34.4% of Aurelius Capital's 13F assets under management [3] - Bitfarms shares have increased by 39% over the past year, significantly outperforming the S&P 500, which rose by 16.5% in the same period [3] Group 2 - Bitfarms has a market capitalization of $1.5 billion, with a revenue of $276.4 million and a net income of -$128.2 million for the trailing twelve months [4] - The company generated $69 million in revenue from continuing operations in the third quarter, reflecting a 156% year-over-year increase, and reported an adjusted EBITDA of $20 million, or 28% of revenue [10] - Bitfarms operates cryptocurrency mining farms and generates revenue from validating transactions on the Bitcoin Blockchain, supplemented by hosting third-party mining hardware and providing electrical services [8][10] Group 3 - The company is focusing on transitioning from pure mining to digital infrastructure, which includes converting its Washington site for high-performance computing and advancing multiple North American projects for next-generation GPUs [10] - Bitfarms has strengthened its balance sheet with a $588 million convertible note offering and reported total liquidity of about $814 million as of mid-November [10] - The strategy emphasizes that scale, power access, and balance sheet flexibility will be more critical than short-term volatility in the cryptocurrency mining sector [9]