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Bitfarms (TSE:BITF) Stock Price Up 10.5% – Should You Buy?
Defense World· 2026-01-03 07:34
Core Insights - Bitfarms' stock price increased by 10.5% during trading, reaching a last traded price of C$3.57 after closing at C$3.23 [7] - The company reported a negative earnings per share (EPS) of C($0.15) for the last quarter, with revenue of C$96.42 million [2] - Bitfarms has a market capitalization of C$2.13 billion and a price-to-earnings ratio of -15.52 [1] Financial Ratios - The current ratio stands at 3.70, while the quick ratio is 0.63 and the debt-to-equity ratio is 4.68 [1] - The company has a negative net margin of 69.20% and a negative return on equity of 30.76% [2] Insider Activity - Insider Guillaume Reeves sold 35,000 shares at an average price of C$5.24, totaling C$183,400 [3] - Insider Paul Magrath sold 140,000 shares at an average price of C$5.51, totaling C$771,400 [3] - Over the last ninety days, insiders have sold 245,000 shares valued at C$1,318,800, with corporate insiders owning 23.38% of the company's stock [3][4] Company Overview - Bitfarms is a publicly traded Bitcoin mining company operating globally, with 10 mining farms across Canada, the United States, Paraguay, and Argentina [5] - The company utilizes a proprietary data analytics system to enhance operational performance and uptime [5]
CleanSpark (CLSK) Kicks Off 2026 With Double-Digit Gains
Yahoo Finance· 2026-01-03 07:00
We recently published 10 Stocks Powering Into 2026 With Explosive Gains. CleanSpark, Inc. (NASDAQ:CLSK) is one of the top performers on Friday. CleanSpark snapped a six-day losing streak on Friday, jumping 14.13 percent to close at $11.55 apiece as investors took heart from higher Bitcoin prices while repositioning portfolios ahead of its mining report for the December and full-year 2025 periods. After the US markets officially closed the trading week, investor funds shifted to Bitcoin, supporting the l ...
Riot Platforms Announces Chief Financial Officer Transition
Globenewswire· 2026-01-02 22:20
Core Viewpoint - Riot Platforms, Inc. has appointed Jason Chung as the new Chief Financial Officer, effective March 1, 2026, succeeding Colin Yee, who will transition to a Senior Advisor role to ensure continuity [1][2]. Group 1: Leadership Transition - Jason Chung, currently the EVP, Head of Corporate Development & Strategy, will take over as CFO, bringing two decades of experience in investment banking and corporate finance [3]. - Colin Yee will continue in his role until March 1, 2026, after which he will support the company in a Senior Advisor capacity [2][4]. Group 2: Strategic Alignment - Chung's appointment is aimed at aligning Riot's financial framework with its long-term strategic objectives, as he will lead the finance organization while overseeing Corporate Development and Investor Relations [3][5]. - The consolidation of finance and strategy functions under Chung is expected to enhance Riot's ability to execute its ambitious growth plans [5]. Group 3: Company Overview - Riot Platforms, Inc. is a leader in the Bitcoin-driven industry, focusing on large-scale data centers and bitcoin mining applications [7]. - The company operates mining facilities in central Texas and Kentucky and is expanding into data center development to support high-density computing demands [7].
Bitfarms Announces Complete Exit from Latam with Sale of its Paso Pe Site for up to $30M
Globenewswire· 2026-01-02 12:00
Core Viewpoint - Bitfarms Ltd. is strategically selling its 70 MW site in Paraguay to focus entirely on North American energy and digital infrastructure, particularly in high-performance computing (HPC) and artificial intelligence (AI) sectors [1][2]. Transaction Details - The sale involves a definitive share purchase agreement with the Sympatheia Power Fund, valuing the operating site at up to $30 million [3][6]. - Bitfarms will receive $9 million in cash upon closing, including a $1 million non-refundable deposit, and up to $21 million over the following 10 months based on payment milestones [6]. Strategic Rebalancing - The transaction allows Bitfarms to rebalance its energy assets portfolio to 100% North American, enhancing its liquidity profile and accelerating the monetization of operations [6]. - The updated energy portfolio includes 341 MW of energized capacity, 430 MW under active development, and a total multi-year pipeline of 2.1 GW in North America, with approximately 90% based in the U.S. [6]. Company Overview - Bitfarms is a North American energy and digital infrastructure company that operates state-of-the-art data centers and energy infrastructure for Bitcoin mining and HPC/AI [4][5]. - The company was founded in 2017 and is headquartered in New York and Toronto, trading on both the Nasdaq and Toronto Stock Exchange [5].
Is Bitcoin Mining Dying? Stocks Slide Despite Billion-Dollar Deals as Wall Street Loses Patience
Yahoo Finance· 2026-01-01 16:47
Bitcoin mining equities are selling off again to start off 2026. If you’re one of those people searching “is bitcoin mining still profitable?”, you might want to think again. Even as miners lock in massive Bitcoin mining infrastructure expansions, financing agreements, and AI-adjacent partnerships, stock prices continue to drift lower alongside Bitcoin’s sluggish price action. hovered near $88,900 on Tuesday, up modestly on the day but still down roughly 2.8% month-over-month. That lack of momentum is b ...
ROSEN, A LEADING LAW FIRM, Encourages Bitdeer Technologies Group Investors to Secure Counsel Before Important Deadline in Securities Class Action - BTDR
Globenewswire· 2025-12-31 22:09
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bitdeer Technologies Group securities between June 6, 2024, and November 10, 2025, of the upcoming lead plaintiff deadline on February 2, 2026 [1] Group 1: Class Action Details - Investors who purchased Bitdeer securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3] - Investors wishing to serve as lead plaintiff must file with the Court by February 2, 2026 [3] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company [4] - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4] - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4] Group 3: Case Specifics - The lawsuit alleges that Bitdeer provided misleading information regarding its SEALMINER Bitcoin mining machine, specifically about the mass production and energy efficiency of its SEAL04 chip technology [5] - Defendants are accused of failing to disclose that the SEAL04 chip, projected to have an energy efficiency of 5 J/TH, would not be ready for use in the A4 rigs until mass production was expected to begin in Q2 2025 [5] - These misleading statements led to investors purchasing Bitdeer securities at artificially inflated prices, resulting in damages when the true information became public [5]
Global X Blockchain ETF Is The Best Way to Bet on Blockchain In 2026 | BKCH
Yahoo Finance· 2025-12-31 16:08
24/7 Wall St. Quick Read BKCH gained 31.6% in 2025 while Bitcoin mining difficulty hit a record 148.2 trillion. Mining payback periods now exceed 1,000 days for many operations. BKCH holds 78.5% of assets in its top 10 holdings with 12% in Coinbase. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. Blockchain investing has always presented a dilemma: buy individual mining stocks and risk catastroph ...
Riot Platforms opens $500M equity offering following bullish forecast
Yahoo Finance· 2025-12-31 14:43
Riot Platforms (NASDAQ: RIOT) opened a $500 million at-the-market offering on Tuesday. The new $500 million facility replaces a previous equity sale agreement established on August 9, 2024. Riot terminated that prior agreement effective Tuesday.Under the terms of the agreement, Riot retains discretion over the timing and volume of sales. Riot sold approximately $600.5 million worth of stock under the 2024 agreement prior to its cancellation, with the facility having roughly $149.5 million in unsold capa ...
Riot Platforms Stock Surges 26% as One Fund Builds a $4.4 Million Stake
Yahoo Finance· 2025-12-30 18:45
Key Points New York City-based OnyxPoint Global Management initiated a position in Riot Platforms, buying up 232,206 shares during the third quarter. The shares were worth about $4.42 as of September 30. The Riot Platforms position is not among the fund’s top five holdings. These 10 stocks could mint the next wave of millionaires › On November 14, New York City-based OnyxPoint Global Management disclosed a new stake in Riot Platforms (NASDAQ:RIOT), acquiring 232,206 shares for an estimated $4.42 ...
Bitcoin mining stock prices trend lower as firms ink infrastructure, financing deals
Yahoo Finance· 2025-12-30 16:08
Market Overview - Bitcoin mining equities experienced a downward trend as the price of bitcoin struggled for momentum following a monthly decline [1] - Major operators such as Marathon, CleanSpark, and Riot reported losses despite infrastructure and financing updates in the sector [1] Bitcoin Price Movement - As of the latest update, bitcoin is priced at $88,900, reflecting a 1.5% increase on the day and a 1.3% increase week-over-week, but still down 2.8% month-over-month [2] - The stagnation in bitcoin's price is impacting mining stocks as investors react to new developments [2] Company Performance - Marathon (NASDAQ: MARA) shares fell 0.21% week-over-week [2] - CleanSpark (NASDAQ: CLSK) dropped 1.79% over the same period [2] - Riot (NASDAQ: RIOT) declined by 1.23% week-over-week [5] - Cipher (NASDAQ: CIFR) saw a 2.90% decrease week-over-week despite expanding its development pipeline with a new site in Ohio [3] - TeraWulf (NASDAQ: WULF) shares slid 3.79% after finalizing a $1.3 billion debt financing agreement for a joint venture in Texas [4] - Hut 8 (NASDAQ: HUT) dropped 3.08% week-over-week, entering a hosting agreement expected to generate $7 billion in revenue over 15 years [6] - Core Scientific (NASDAQ: CORZ) declined 2.42% week-over-week, with Two Seas Capital increasing its ownership stake following a failed acquisition [7] Development and Financing Updates - Cipher's acquisition of a new site in Ohio aims to provide 200 megawatts of capacity, increasing its total development pipeline to 3.4 gigawatts across eight sites [3] - TeraWulf's $1.3 billion debt financing is designated for constructing high-performance computing infrastructure in Texas [4] - Hut 8's partnership with Fluidstack is projected to significantly boost revenue over a long-term contract [6] - Analysts at J.P. Morgan forecast a 45% upside for Riot's stock through 2026, anticipating a significant colocation deal [5]