What’s Causing the Decline in Bitfarms Stock Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2025
0mins
Should l Buy BITF?
Source: Benzinga
Disappointing Q3 Results: Bitfarms Ltd. reported a quarterly loss of 8 cents per share, missing analyst expectations of a 2-cent loss, and revenue of $69.25 million, falling short of the $80 million estimate, leading to a 13% drop in share price.
Energy Portfolio and Future Plans: The company has an updated energy portfolio of 2.1 GW in the U.S. and Canada and plans to convert a facility in Washington while exploring new revenue streams, including cloud operations.
Share Repurchase Program: Bitfarms has been actively repurchasing shares, with 7.8 million shares bought back at an average price of $1.27, totaling around $10 million, as part of a strategy to pivot towards a North American energy and digital infrastructure focus.
Market Performance and Analysis: The stock is currently trading 21.3% below its 50-day moving average, indicating bearish sentiment, while remaining 62.7% above its 200-day moving average, suggesting a longer-term bullish trend despite recent volatility.
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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: 2.170
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.
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- 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
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- 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.
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