Bitfarms Ltd. (OTCMKTS:BFARF – Get Free Report)’s stock price rose 2.6% during mid-day trading on Friday. The company traded as high as $2.46 and last traded at $2.40. 22,641,852 shares traded hands during trading, an increase of 1,385% from the average session volume of 1,524,660 shares. The stock had previously closed at $2.34.
Bitfarms Stock Performance
The business has a fifty day moving average of $3.34 and a 200-day moving average of $3.98.
About Bitfarms
Bitfarms Ltd. is a vertically integrated Bitcoin mining company that develops and operates data centers used to mine digital assets. Its activities include acquiring and deploying specialized mining hardware, managing mining infrastructure, and producing Bitcoin through its owned and operated facilities.
Founded in 2017, Bitfarms has built a portfolio of mining operations in North America and South America, including facilities in Canada, the United States, Argentina and Paraguay. The company has emphasized the use of hydropower and other cost-efficient energy sources where available, while expanding its computing capacity through new sites and equipment upgrades.
Bitfarms is headquartered in Toronto, Canada, and has historically operated as a publicly traded company in Canada and the United States.
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