Thames Capital Acquires 7 Million Shares of Bitfarms
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2025
0mins
Should l Buy BITF?
Source: Fool
Thames Capital Management's Investment: Thames Capital Management LLC disclosed a new position in Bitfarms, acquiring approximately 7 million shares valued at $19.83 million, which represents 2.83% of its reported assets under management as of September 30, 2025.
Bitfarms Performance: Bitfarms' stock has surged by 306% in 2025, significantly outperforming the S&P 500, with shares priced at $4.54 as of October 27, 2025, and a 112% increase over the past year.
Business Operations: Bitfarms is a cryptocurrency mining company based in Toronto, focusing on Bitcoin mining and expanding into data center services for AI processing, while also providing electric services to customers in Quebec.
Investment Risks: Thames Capital's investment in Bitfarms is considered risky due to the company's negative profit margins and debt, with potential for significant losses if Bitcoin prices decline, despite the current momentum in the cryptocurrency market.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy BITF?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 2.170
Low
4.00
Averages
5.67
High
7.00
Current: 2.170
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.
ProShares Bitcoin Strategy ETF Falls 3.8%, While iShares Bitcoin Trust Declines 1.4%
Market Performance: ProShares Bitcoin Strategy ETF shares have decreased by 3.8%, while shares of Bitcoin Trust have fallen by 1.4%.
Investment Trends: The decline in these Bitcoin-related investments reflects broader market trends and investor sentiment towards cryptocurrencies.
See More
RIOT PLATFORMS DECLINES BY 2.1%, MARA HOLDINGS FALLS BY 2%
Market Performance: Riot Platforms' stock has decreased by 2.1%.
Company Update: Marathon Holdings' stock has also seen a decline, down by 2%.
See More
COINBASE GLOBAL FALLS 10.1%, BITFARMS DECLINES 2%, STRATEGY DROPS 5.1%
- Market Performance: Coinbase Global's stock has decreased by 10.1%, indicating a significant downturn in its market performance.
- Bitcoin Farms Impact: Bitcoin Farms has seen a decline of 2%, reflecting challenges in the cryptocurrency mining sector.
- Strategic Adjustments: The strategy sector has experienced a drop of 5.1%, suggesting potential shifts or challenges in strategic planning.
- Overall Trends: The overall trends in the cryptocurrency and related markets show a downward trajectory, impacting various companies and sectors.
See More
CRYPTO STOCKS DECLINE AS BITCOIN PRICES DROP
- Market Trends: Cryptocurrency stocks are experiencing a decline, tracking lower Bitcoin prices.
- Impact on Investors: The drop in Bitcoin prices is affecting investor sentiment and market confidence.
- Future Predictions: Analysts are closely monitoring the situation for potential recovery signs in the crypto market.
- Broader Implications: The downturn in cryptocurrency values may have wider implications for the financial market and investment strategies.
See More
Bitfarms to Redomicile in U.S. and Rebrand as Keel Infrastructure
- Redomiciliation Plan: Bitfarms (BITF) is planning to redomicile from Canada to the U.S. and rebrand as Keel Infrastructure, marking a strategic shift from bitcoin mining to AI infrastructure, which is expected to enhance its market competitiveness.
- Stock Exchange Transition: Each outstanding common share of Bitfarms will be exchanged for one share of Keel Infrastructure, with trading expected to commence on Nasdaq and the Toronto Stock Exchange under the ticker KEEL, thereby increasing investor interest.
- Shareholder Meeting Scheduled: The company's board has approved the plan, with a shareholder meeting set for March 20 to seek approval, and the transition is anticipated to be completed around April 1, 2026, demonstrating a clear roadmap for future growth.
- External Advisory Support: To ensure a smooth transition, Bitfarms has engaged several external advisors to assist with the transaction, indicating the company's commitment to professional support during its strategic pivot to mitigate potential risks.
See More
Hut 8 Mining Stock Rises on Bitcoin Rebound
- Bitcoin Rebound: Bitcoin's price rebounded by 7% to the $68,000 level after a sharp decline, directly driving Hut 8 Mining's stock rise, indicating a restoration of market confidence in cryptocurrencies.
- Stock Performance: Hut 8 Mining's shares surged 8.86% to $48.42 on Friday, reflecting investor optimism regarding the crypto market recovery and demonstrating the company's strong performance among its peers.
- Market Dynamics: Despite a severe downturn earlier this week that led to double-digit losses for many crypto-related stocks, Hut 8 successfully capitalized on the positive sentiment surrounding Friday's market rebound, showcasing its resilience in a volatile environment.
- Industry Comparison: Hut 8 Mining's stock has increased by 131.99% over the past year, significantly outperforming the average peer performance of just 6.65%, highlighting its dominant position and the substantial gap established with competitors.
See More
ProShares Bitcoin Strategy ETF Falls 3.8%, While iShares Bitcoin Trust Declines 1.4%
Market Performance: ProShares Bitcoin Strategy ETF shares have decreased by 3.8%, while shares of Bitcoin Trust have fallen by 1.4%.
Investment Trends: The decline in these Bitcoin-related investments reflects broader market trends and investor sentiment towards cryptocurrencies.
See More
RIOT PLATFORMS DECLINES BY 2.1%, MARA HOLDINGS FALLS BY 2%
Market Performance: Riot Platforms' stock has decreased by 2.1%.
Company Update: Marathon Holdings' stock has also seen a decline, down by 2%.
See More
COINBASE GLOBAL FALLS 10.1%, BITFARMS DECLINES 2%, STRATEGY DROPS 5.1%
- Market Performance: Coinbase Global's stock has decreased by 10.1%, indicating a significant downturn in its market performance.
- Bitcoin Farms Impact: Bitcoin Farms has seen a decline of 2%, reflecting challenges in the cryptocurrency mining sector.
- Strategic Adjustments: The strategy sector has experienced a drop of 5.1%, suggesting potential shifts or challenges in strategic planning.
- Overall Trends: The overall trends in the cryptocurrency and related markets show a downward trajectory, impacting various companies and sectors.
See More
CRYPTO STOCKS DECLINE AS BITCOIN PRICES DROP
- Market Trends: Cryptocurrency stocks are experiencing a decline, tracking lower Bitcoin prices.
- Impact on Investors: The drop in Bitcoin prices is affecting investor sentiment and market confidence.
- Future Predictions: Analysts are closely monitoring the situation for potential recovery signs in the crypto market.
- Broader Implications: The downturn in cryptocurrency values may have wider implications for the financial market and investment strategies.
See More
Bitfarms to Redomicile in U.S. and Rebrand as Keel Infrastructure
- Redomiciliation Plan: Bitfarms (BITF) is planning to redomicile from Canada to the U.S. and rebrand as Keel Infrastructure, marking a strategic shift from bitcoin mining to AI infrastructure, which is expected to enhance its market competitiveness.
- Stock Exchange Transition: Each outstanding common share of Bitfarms will be exchanged for one share of Keel Infrastructure, with trading expected to commence on Nasdaq and the Toronto Stock Exchange under the ticker KEEL, thereby increasing investor interest.
- Shareholder Meeting Scheduled: The company's board has approved the plan, with a shareholder meeting set for March 20 to seek approval, and the transition is anticipated to be completed around April 1, 2026, demonstrating a clear roadmap for future growth.
- External Advisory Support: To ensure a smooth transition, Bitfarms has engaged several external advisors to assist with the transaction, indicating the company's commitment to professional support during its strategic pivot to mitigate potential risks.
See More
Hut 8 Mining Stock Rises on Bitcoin Rebound
- Bitcoin Rebound: Bitcoin's price rebounded by 7% to the $68,000 level after a sharp decline, directly driving Hut 8 Mining's stock rise, indicating a restoration of market confidence in cryptocurrencies.
- Stock Performance: Hut 8 Mining's shares surged 8.86% to $48.42 on Friday, reflecting investor optimism regarding the crypto market recovery and demonstrating the company's strong performance among its peers.
- Market Dynamics: Despite a severe downturn earlier this week that led to double-digit losses for many crypto-related stocks, Hut 8 successfully capitalized on the positive sentiment surrounding Friday's market rebound, showcasing its resilience in a volatile environment.
- Industry Comparison: Hut 8 Mining's stock has increased by 131.99% over the past year, significantly outperforming the average peer performance of just 6.65%, highlighting its dominant position and the substantial gap established with competitors.
See More
