Bitfarms Ltd is a prominent cryptocurrency mining company that specializes in the production of Bitcoin through the use of advanced hardware and technology
The company operates large-scale mining facilities equipped with high-performance mining rigs, leveraging renewable energy sources to power its operations. Bitfarms is dedicated to optimizing the efficiency of its mining processes while maintaining a commitment to sustainability and environmentally friendly practices. In addition to its mining activities, the company is involved in the broader blockchain ecosystem, contributing to the growth and development of the digital currency landscape.
According to JP Morgan, 12 out of 14 publicly traded miners outperformed Bitcoin in the first two weeks of January with Riot Platforms posting the most gains.
Bitcoin hit its lowest levels since November, trading at $89,260 after strong U.S. jobs data led major investment banks to scale back expectations for Federal Reserve rate cuts.
Bitcoin (CRYPTO: BTC) has soared to all-time highs following Donald Trump's election win, also lifting Bitcoin mining stocks on a wave of positive sentiment.
Bitcoin (CRYPTO: BTC) miner Bitfarms Ltd (NASDAQBITF) shares are trading lower by 6.8% to $2.20 Wednesday morning after the company announced it entered into a
Trump's support for bitcoin and promise of favorable regulations caused a surge in crypto-related stocks. Investors view a Trump presidency as positive for the industry.
