Nasdaq Declines as US Business Activity Growth Slows in September
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 23 2025
0mins
Source: Benzinga
U.S. Stock Market Performance: U.S. stocks declined, with the Dow Jones falling approximately 100 points, while the S&P Global US composite PMI also decreased, missing market expectations.
Sector Movements: Energy shares rose by 2.5%, while consumer discretionary stocks fell by 0.8%. Notable stock movements included Super League Enterprise's shares surging 173% and Boxlight Corporation's shares dropping 36%.
Commodity Prices: Oil prices increased by 2% to $63.55, while gold and silver also saw slight gains.
International Market Trends: European shares experienced gains, with the eurozone's STOXX 600 rising 0.54%, while Asian markets closed lower, with Hong Kong's Hang Seng dipping 0.70%.
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Analyst Views on BITF
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
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
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.
Keefe Downgrades Bitfarms to Market Perform with $3 Price Target
- Rating Downgrade: Keefe Bruyette downgraded Bitfarms from ‘Outperform’ to ‘Market Perform’ while raising the price target to $3, reflecting concerns over the company's liquidity risks.
- Liquidity Risks: Analysts noted that Bitfarms is unlikely to secure a leasing agreement until the second half of 2026, coupled with rising leverage and elevated capex pressures, leading to a more than 1% decline in after-hours trading on Monday.
- Capital Raises: In October, Bitfarms closed a $588 million offering of 1.375% convertible senior notes due 2031, with interest payable semi-annually starting July 15, 2026, indicating proactive financing efforts by the company.
- LatAm Exit Deal: Bitfarms entered into a $30 million share purchase agreement to sell its 70 MW site in Paraguay to Sympatheia Power Fund, expecting to receive $9 million in cash upon closing in Q1 2026, with potential additional payments based on milestones.
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Trump Announces Tariffs on European Allies, Impacting Bitcoin Market
- Tariff Threat Escalation: Trump announced a 10% tariff on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland, and Great Britain effective February 1, which is expected to directly impact exports from these nations and exacerbate trade tensions with Europe.
- Bitcoin Market Turmoil: The tariff threats led to a more than 3% drop in Bitcoin prices, trading below $90,000, reflecting market concerns over the new tariff policy and ongoing geopolitical uncertainty, which may undermine investor confidence.
- Crypto Stocks Decline: The decline in Bitcoin prices negatively affected crypto-linked stocks such as Coinbase, Strategy, IREN, and Bitfarms, which fell between 6% and 8%, indicating a growing risk aversion among investors towards crypto assets, potentially leading to capital outflows.
- Retail Sentiment Shift: While retail sentiment around MSTR and Coinbase remained bullish amid high message volume, Bitcoin sentiment turned bearish, highlighting a divergence and unease among investors regarding future market trends.
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