Most Active Stocks in Pre-Market Trading on October 10, 2025: GWH, TSLL, BITF, APLD, INTC, IONZ, TSLQ, PATH, NIO, TE, LAC, BABA
NASDAQ 100 Pre-Market Performance: The NASDAQ 100 Pre-Market Indicator is up 31.81 points, reaching 25,129.99, with a total pre-market volume of 127,285,279 shares traded.
Most Active Stocks: ESS Tech, Inc. (GWH) leads with significant trading volume and a notable price increase, while other active stocks include Direxion Daily TSLA Bull 2X Shares (TSLL) and Applied Digital Corporation (APLD), both showing strong performance and positive recommendations.
Stock Recommendations: Several stocks, including Bitfarms Ltd. (BITF) and T1 Energy Inc. (TE), are currently in the "buy" or "strong buy" range according to Zacks, indicating positive market sentiment.
Notable Declines: Alibaba Group Holding Limited (BABA) is experiencing a decline in pre-market trading, with a drop of $3.08, despite being rated in the "buy" range by analysts.
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- Restructuring and Rebranding: Bitfarms is relocating to New York and rebranding as Keel Infrastructure, with plans to complete its re-domiciliation from Canada to the U.S. by April 1, 2026, marking a strategic shift from Bitcoin mining to high-performance computing and AI infrastructure.
- Bitcoin Sale Plan: The company plans to sell approximately $161 million worth of Bitcoin holdings to fund its AI growth strategy, which not only aids in improving its financial situation but also signals a shift in focus from crypto mining to digital infrastructure.
- Positive Market Reaction: Bitfarms' stock rose over 4% during early trading, and retail sentiment on Stocktwits shifted from 'bearish' to 'bullish', indicating increased investor confidence in the company's future direction.
- Infrastructure Investment: CEO Ben Gagnon stated that 2025 expenditures will focus on meeting the demand for AI-driven computing, and the company has simplified its capital structure by paying off a $100 million loan, facilitating easier financing for future projects.
- Earnings Loss: Bitfarms reported a fiscal year EPS of -$0.38, indicating financial strain during its transition, as revenue grew 72% year-over-year to $229.28 million, yet still fell short of market expectations, undermining shareholder confidence.
- Revenue Growth: Despite a 72% year-over-year revenue increase to $229.28 million, the figure missed expectations by $40.96 million, reflecting the challenges and opportunities the company faces in the rapidly evolving Bitcoin mining market.
- Strategic Transition: Bitfarms is undergoing a strategic transition, planning to sell its Latin American Bitcoin mining assets for up to $30 million, aiming to optimize resource allocation and enhance financial flexibility amid market volatility.
- Market Reaction: The earnings report's failure to meet expectations has raised concerns among shareholders and analysts regarding the company's future, particularly as competition intensifies in the Bitcoin mining sector, making the success of its transition strategy uncertain.
- Earnings Announcement: Bitfarms is set to release its Q4 2023 earnings report on March 31 before market open, with a consensus EPS estimate of -$0.02, reflecting a significant year-over-year decline of 166.7%, indicating ongoing profitability challenges for the company.
- Revenue Expectations: Analysts forecast revenue of $58.89 million, representing a modest year-over-year increase of 5.2%, suggesting that while growth is limited, the company is managing to maintain a certain level of revenue amidst adversity.
- Historical Performance Review: Over the past two years, Bitfarms has only beaten EPS estimates 13% of the time and revenue estimates 63% of the time, highlighting the challenges and opportunities the company faces in managing market expectations.
- Strategic Transition: Bitfarms is undergoing a transition, recently selling its Paso Pe bitcoin mining site in Latin America for up to $30 million, marking the company's efforts to adjust its business strategy in response to market changes.
- Conference Participation: Bitfarms will participate in the Jefferies Virtual Power x Data Center Conference on March 31, 2026, with CEO Ben Gagnon and CFO Jonathan Mir presenting at 10:15 AM, showcasing the company's strategic initiatives in the digital infrastructure sector.
- Energy Portfolio: Bitfarms boasts a 2.1 GW North American energy portfolio, encompassing energized, under development, and pipeline projects, ensuring robust access to power and fiber infrastructure within established data center clusters to support high-performance computing workloads.
- Company Background: Headquartered in New York and Toronto, Bitfarms focuses on developing and owning data centers and energy infrastructure, particularly for artificial intelligence computing needs, highlighting its significant position in the industry.
- Investor Relations: The company maintains communication with investors through its website and social media platforms, providing updates on events, developments, and online community information, thereby enhancing interaction and transparency with stakeholders.
Market Performance: ProShares Bitcoin Strategy ETF (BITO) has seen an increase of 3.3%, while shares of Bitcoin Trust (GBTC) have risen by 3.5%.
Investment Trends: The uptick in these Bitcoin-related investments indicates growing interest and confidence in cryptocurrency markets.
Riot Platforms Performance: Riot Platforms reported a 4.5% increase in performance metrics.
Hut 8 Mining Growth: Hut 8 Mining experienced a 5.1% rise in its operational results.
Marathon Holdings Update: Marathon Holdings saw a 3% growth in its performance indicators.
Overall Industry Trends: The mining sector shows positive growth trends across multiple companies.










