Bitfarms .(US:BITF) Yahoo Finance·2026-02-13 16:44Company Overview - Bitfarms Ltd. (NASDAQ:BITF) is a vertically integrated Bitcoin mining company based in Canada, operating server farms with computers specifically designed to validate transactions on the Bitcoin Blockchain [4]. Strategic Developments - On February 6, Bitfarms Ltd. announced that its Board of Directors approved a plan to redomicile from Canada to the United States, pending shareholder, stock exchange, and court approvals [1]. - This arrangement is the result of a comprehensive strategic review process conducted by the Board over the past 12 months, focusing on capital market trends and investor sentiment to enhance long-term shareholder value [2]. Market Performance and Analyst Insights - On January 26, Bitfarms Ltd. was downgraded to Market Perform from Outperform by Keefe Bruyette, which raised the price target to $3 from $2.50. The firm expressed that it does not expect a leasing agreement for the company until the second half of 2026 and raised concerns about the company's increasing leverage and capital expenditures [3].