Bitfarms Ltd. shares fell 5.14% as the stock crossed below its 5-day SMA amid a broader market decline, with the Nasdaq-100 down 1.58% and the S&P 500 down 0.94%.
The company recently sold its Paraguay data center for up to $30 million, aiming to concentrate on its North American AI infrastructure projects, particularly in Pennsylvania, Washington, and Canada. This strategic move is expected to enhance its competitiveness in the rapidly evolving AI market, supported by a robust 2.1 GW energy portfolio. Although the immediate financial impact may not be visible, this pivot is anticipated to yield substantial annual recurring revenue in the long term.
Bitfarms is positioning itself to capitalize on the growing demand for AI data centers, leveraging its existing energy assets. The sale of the Paraguay facility allows the company to allocate resources more effectively, potentially leading to improved operational efficiency and profitability as it expands its footprint in the North American market.
Wall Street analysts forecast BITF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BITF is 5.67 USD with a low forecast of 4.00 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast BITF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BITF is 5.67 USD with a low forecast of 4.00 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.600
Low
4.00
Averages
5.67
High
7.00
Current: 2.600
Low
4.00
Averages
5.67
High
7.00
Keefe Bruyette
Stephen Glagola
Outperform -> Market Perform
downgrade
$3
2026-01-26
New
Reason
Keefe Bruyette
Stephen Glagola
Price Target
$3
AI Analysis
2026-01-26
New
downgrade
Outperform -> Market Perform
Reason
Keefe Bruyette analyst Stephen Glagola downgraded Bitfarms to Market Perform from Outperform with a price target of $3, up from $2.50.
Keefe Bruyette
Keefe
Outperform -> Market Perform
downgrade
$3
2026-01-26
New
Reason
Keefe Bruyette
Keefe
Price Target
$3
2026-01-26
New
downgrade
Outperform -> Market Perform
Reason
Keefe Bruyette downgraded Bitfarms to Market Perform from Outperform with a price target of $3, up from $2.50. The firm does not expect a leasing agreement to materialize for the company until the second half of 2026. The stock already discounts a Sharon deal, says Keefe, which also has concerns around Bitfarms's rising leverage and elevated capex. Keefe would get more constructive on the shares with greater clarity on the company's liquidity and 2026 capex.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for BITF
Unlock Now
Alliance Global
Brian Kinstlinger
Buy
maintain
$6
2025-11-14
Reason
Alliance Global
Brian Kinstlinger
Price Target
$6
2025-11-14
maintain
Buy
Reason
Alliance Global analyst Brian Kinstlinger raised the firm's price target on Bitfarms to $6 from $2.50 and keeps a Buy rating on the shares following the Q3 report. The firm believes the shares deserve a "much higher multiple" as the company makes progress on timing risk, capital requirements and the eventual need of tenants. Bitfarms plans to convert the majority of its energy capacity to artificial intelligence sites with a focus on long term recurring revenue and very high margin, the analyst tells investors in a research note.
Cantor Fitzgerald
NULL -> Overweight
maintain
$5
2025-11-14
Reason
Cantor Fitzgerald
Price Target
$5
2025-11-14
maintain
NULL -> Overweight
Reason
Cantor Fitzgerald raised the firm's price target on Bitfarms to $5 from $2.20 and keeps an Overweight rating on the shares. Bitfarms' reported numbers were impacted by the company moving a part of its business to discontinued operations, but the earnings call was "encouraging" on multiple fronts, the analyst tells investors in a research note.
About BITF
Bitfarms Ltd. is a Canada-based global Bitcoin and vertically integrated data center company that sells its computational power to one or more mining pools from which it receives payment in Bitcoin. It develops, owns, and operates vertically integrated mining facilities with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. Its proprietary data analytics system delivers operational performance and uptime. The Company operates through the cryptocurrency mining segment. The activities of the Company mainly consist of selling its computational power used for hashing calculations for the purpose of cryptocurrency mining in multiple jurisdictions. Volta, a wholly owned subsidiary of the Company, assists the Company in building and maintaining its data centers. The Company operates Bitcoin data centers in four countries: the United States, Canada, Paraguay, and Argentina.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
