Northland Securities Reiterates a Buy on Bitfarms (BITF)
A bustling server farm, reflecting the company's investment into cryptocurrency mining.
Bitfarms Ltd. (NASDAQ:BITF) stated that the company undertook various executions to support its strategic pivotal to HPC and the US, including the strategic acquisition of two large power campuses in Pennsylvania with the Stronghold acquisition and the profitable disposition of one of its Paraguayan Bitcoin mining campus, Yguazu.
On June 10, Bitfarms Ltd. (NASDAQ:BITF) announced the filing of a share purchase agreement with Canadian Securities Regulatory Authorities detailing a March agreement regarding the sale of all issued shares of a corporation owning a bitcoin mining site in Yguazu, Paraguay, to Hive Holdings Paraguay 1 Ltd., Hive Digital Technologies, Ltd., and Hive Holdings Paraguay 2 Ltd.
While we acknowledge the potential of BITF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
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New York Post
9 minutes ago
- New York Post
Democrats self-own bragging about inflation shows the left has learned NOTHING
Everybody makes mistakes. Not everyone makes the same mistakes over and over again. Last week, the geniuses in charge of maintaining the Democratic Party's social media picked at a fresh wound — and showed, again, exactly why it lost the 2024 election. The blue team's official X account shared a line chart showing the change in the price of various groceries — meat, dairy, produce, etc. — over time, and asserting that 'prices are higher today than they were on [sic] July 2024.' 'Trump's America,' read the caption. The problem? The last part of the line barely went up. The blue team's official X account, with the caption 'Trump's America,' shared a chart showing the change in the price of various groceries, asserting that 'prices are higher today than they were on [sic] July 2024.' Eric Daugherty, /X And what it actually showed was a massive increase in prices between 2021 and 2024. In other words: over the course of former President Joe Biden's White House tenure. 'I would just advise Democrats not to post about inflation given their track record,' suggested conservative influencer A.G. Hamilton. 'Might save them the embarrassment of having to delete their posts after getting dunked on' — which is exactly what they did. 'This is the gang that couldn't shoot straight!' marveled Fox Business host Stuart Varney. And of course Team Trump got in on the action. The problem with the chart was that it actually showed a massive increase in prices between 2021 and 2024 – when Biden was president. RapidResponse47/X What's notable about the braindead blunder, though, is not the blunder itself. It was that it represented yet another admission, eight and a half months after they surrendered the presidency to Donald Trump for the second time in three election cycles, that the Democrats still haven't made a sincere effort at diagnosing the reasons for their unpopularity — much less addressing them. A new Wall Street Journal poll found that their party continues to suffer as a result — to the point that just 33% of Americans hold a favorable view of it, and 63% view it unfavorably. Both Donald Trump (-7) and the GOP (-11) are also underwater, but may as well be polling as well as ice cream compared to the Democrats. The same holds true of the public's view of various issues; voters still trust the GOP more than the alternative when it comes to the economy, inflation, immigration and foreign policy. If that doesn't wake Democrats up to the provenance of all their political pain, nothing will. The Left has long relied on comforting fallacies to numb the discomfort that accompanies defeat. After 2016, elected Democrats and their media allies insisted that Trump's shocking victory was only possible thanks to Russian meddling. And now, they're laboring under the misimpression that return to power can be attributed to Republicans' superior, but decepting messaging — an almost supernatural ability to compel Americans to believe that which isn't so. If only they could convince the public of the truth, they'd surely prevail. But the cold, hard truth is that it's always been about the substance, stupid — as the unflattering data they so proudly shared last week demonstrates. Kamala Harris was deposited into the dustbin of history because she was the top lieutenant in an administration that had proven a miserable failure long before her boss's implosion last summer. Americans spent the entirety of the Biden years telling pollsters that their lives were demonstrably, palpably worse as a result of historic price hikes. Biden & Co. responded to these pleas for relief by denying the existence of inflation until they couldn't any longer. Then, when they finally did implicitly admit to the effects of the nearly $2 trillion boondoggle they passed in 2021, they slapped the name 'Inflation Reduction Act' on yet another profligate spending bill that every layman in America knew would only compound the problem. There are similar stories to be told about Americans' dissatisfaction with Biden's approach to foreign policy, his abdication of his duty to secure the border, and his championing of a radical social agenda that maintains up is down, left is right, and black is white. Their stubborn refusal to grapple with this incontrovertible truth is also reportedly set to be reflected in an upcoming 2024 autopsy conducted by the DNC. The New York Times reports that it will 'steer clear of the decisions made by the Biden-turned-Harris campaign,' and instead 'focus more on outside groups and super PACs that spent hundreds of millions of dollars aiding the Biden and Harris campaigns through advertising, voter registration drives and turnout efforts.' It's like watching a restaurant serving inedible food invest in new plateware. The gripe has never been with the Democrats' presentation or voters' tastes. It's with the product itself.
Los Angeles Times
9 minutes ago
- Los Angeles Times
It's a year of rapid change, except when it comes to Trump's approval numbers, poll finds
WASHINGTON — Eric Hildenbrand has noticed prices continue to rise this year with President Trump in the White House. The San Diego resident doesn't blame Trump, however, his choice for president in 2024, but says Gov. Gavin Newsom and other Democrats who control the state are at fault. 'You can't compare California with the rest of the country,' said Hildenbrand, 76. 'I don't know what's going on in the rest of the country. It seems like prices are dropping. Things are getting better, but I don't necessarily see it here.' Voters like Hildenbrand, whose support of the Republican president is unwavering, help explain Trump's polling numbers and how they have differed from other presidents' polling trajectory in significant ways. An Associated Press-NORC Center for Public Affairs Research poll conducted in March found that 42% of U.S. adults approved of Trump's job performance. That is a lower rating than those of other recent presidents at the beginning of their second terms, including Democrat Barack Obama and Republican George W. Bush. The most recent AP-NORC poll, from July, puts Trump at 40% approval. While that is not a meaningful change from March, there is some evidence that Trump's support may be softening, at least on the margins. The July poll showed a slight decrease in approval of his handling of immigration since earlier in the year. Some other pollsters, such as Gallup, show a downward slide in overall approval since slightly earlier in his term, in January. But even those shifts are within a relatively narrow range, which is typical for Trump. The new AP-NORC polling tracker shows that Trump's favorability rating has remained largely steady since the end of his first term, with between 33% and 43% of U.S. adults saying they viewed him favorably across more than five years. Those long-term trends underscore that Trump has many steadfast opponents. But loyal supporters also help explain why views of the president are hard to change even as he pursues policies that most Americans do not support, using an approach that many find abrasive. Trump has not had a traditional honeymoon period in his second term. He did not in his first, either. An AP-NORC poll conducted in March 2017, two months into his first term, showed that 42% of Americans 'somewhat' or 'strongly' approved of his performance. That is largely where his approval rating stayed over the course of the next four years. The recent slippage on immigration is particularly significant because that issue was a major strength for Trump in the 2024 election. Earlier in his second term, it was also one of the few areas where he was outperforming his overall approval. In March, about half of U.S. adults approved of his handling of immigration. But the July AP-NORC poll found his approval on immigration at 43%, in line with his overall approval rating. Other recent polls show growing discontent with Trump's approach on immigration. A CNN/SSRS poll found that 55% of U.S. adults say the president has gone too far when it comes to deporting immigrants who are living in the United States illegally, an increase of 10 percentage points since February. 'I understand wanting to get rid of illegal immigrants, but the way that's being done is very aggressive,' said Donovan Baldwin, 18, of Asheboro, N.C., who did not vote in the 2024 election. 'And that's why people are protesting, because it comes off as aggression. It's not right.' Ratings of Trump's handling of the economy, which were more positive during his first term, have been persistently negative in his second term. The July poll found that few Americans think Trump's policies have benefited them so far. Even if he is not a fan of everything Trump has done so far, Brian Nichols, 58, of Albuquerque is giving him the benefit of the doubt. Nichols, who voted for Trump in 2024, likes what he is seeing from the president overall, though he has his concerns both on style and substance, particularly Trump's social media presence and his on-again, off-again tariffs. Nichols also does not like the push to eliminate federal agencies such as the Education Department. Despite his occasional disagreements with Trump, though, Nichols said he wants to give the president space to do his job, and he trusts the House and Senate, now run by Republicans, to act as a safeguard. 'We put him into office for a reason, and we should be trusting that he's doing the job for the best of America,' Nichols said. Trump has spent the last six months pushing far-reaching and often unpopular policies. Earlier this year, Americans were bracing themselves for higher prices as a result of his approach to tariffs. The July poll found that most people think Trump's tax and spending bill will benefit the wealthy, while few think it will pay dividends for the middle class or people like them. Discomfort with individual policies may not translate into wholesale changes in views of Trump, though. Those have largely been constant through years of turmoil, with his favorability rating staying within a 10-percentage point range through his widely panned handling of the COVID-19 pandemic, a felony conviction and an attempted assassination. To some of his supporters, the benefits of his presidency far outweigh the costs. Kim Schultz, 62, of Springhill, Fla., said she is thrilled with just about everything Trump is doing as president, particularly his aggressive moves to deport anyone living in the country illegally. Even if Trump's tariffs eventually take effect and push prices up, she said she will not be alarmed. 'I've always had the opinion that if the tariffs are going to cost me a little bit more here and there, I don't have a problem with that,' she said. Across the country, Hildenbrand dislikes Trump's personality and his penchant for insults, including those directed at foreign leaders. But he thinks Trump is making things happen. 'More or less, to me, he's showing that he's on the right track,' he said. 'I'm not in favor of Trump's personality, but I am in favor of what he's getting done.' Thomson-Deveaux and Cooper write for the Associated Press and reported from Washington and Phoenix, respectively.
Yahoo
32 minutes ago
- Yahoo
The Democratic Party's Brand Is Cooked
Voters have increasingly little faith in the Democrats, a new Wall Street Journal poll found, with the party reaching its lowest favorability rating in more than three decades. Voters overwhelmingly believe that Republicans are better able to handle key issues in Congress than Democrats. The survey found that the majority of voters, 63 percent, have an unfavorable view of the Democratic Party. Only 33 percent hold a favorable view. This is the most unpopular that Democrats have been according to Journal polls dating back to 1990. As President Donald Trump enacts an increasingly authoritarian agenda and provides little economic benefit to the average American, Democrats are hopeful anti-Trump backlash will give them a strong showing in the 2026 midterm election. While slightly more people expect to vote for Democrats next year than Republicans, according to the Journal poll, Democrats' overall favorability has only dropped since Trump took office. 'The Democratic brand is so bad that they don't have the credibility to be a critic of Trump or the Republican Party,' John Anzalone, a Democratic pollster who worked on the survey, told the Journal. 'Until they reconnect with real voters and working people on who they're for and what their economic message is, they're going to have problems.' Anzalone's firm, which consulted for both President Joe Biden and Vice President Kamala Harris' presidential campaigns, worked on the survey with Trump pollster Tony Fabrizio. According to the survey, voters think Republicans in Congress are more capable at handling the economy, inflation and rising prices, tariffs, immigration, 'illegal' immigration, the Russia-Ukraine war, and foreign policy. On the topic of 'illegal' immigration, 48 percent have their faith in Republicans and 24 percent choose Democrats. Democrats scored higher on health care and vaccine policy. Both parties tied at 37 percent on the issue of looking out for middle class families. 'As much as I fully believe that Democrats are not doomed for all eternity, I also believe that many Democrats aren't quite grappling with the serious credibility problems the party still faces,' Democratic operative Tré Easton posted on X. 'The podcasts and everything are real cute, but we've got work to do.' Democrats also scored low in a Quinnipiac poll released earlier this month. In that survey, approval of congressional Democrats reached a new low of 19 percent, with 72 percent of voters saying they disapproved. 'This is a record low since March 2009 when the Quinnipiac University Poll first began asking this question of registered voters,' the university wrote. The Quinnippiac poll found that even registered Democrats disapproved of the party: Thirty-nine percent approved of how Democrats in Congress were handling their jobs, while 52 percent disapproved. Among registered Republicans, 77 percent approved of how Republicans are operating in Congress. In the findings from the Journal, voters are mixed on Trump. About half, or 55 percent, of voters say the country is headed in the wrong direction. This is down from 70 percent in January, meaning voters have become more optimistic since Trump took office, yet Trump is not wildly popular. He has a favorability rating of 45 percent, and an unfavorability rating of 52 percent. A total of 46 percent approve of what Trump is doing as president, and 52 percent disapprove. Fifty-three percent disapprove of Trump's handling of the economy, while 44 percent approve. On the issues of inflation, tariffs, immigration, looking out for middle class families, health care, vaccine policy, foreign policy, and the Russia-Ukraine war, voters disapprove of the job Trump is doing. On the topic of 'illegal' immigration, though, 51 percent approve and 49 percent disapprove. The Republican Party is not wildly popular either, though, with 54 percent of voters having an unfavorable view, compared to the 43 percent who have a favorable view. More from Rolling Stone Supreme Court Lets Trump Enact His Authoritarian Agenda on Its 'Shadow Docket' Trump's Senior Moments Are Getting Worse Israel Seizes Aid Flotilla Bringing Baby Formula, Medicine to Gaza Best of Rolling Stone The Useful Idiots New Guide to the Most Stoned Moments of the 2020 Presidential Campaign Anatomy of a Fake News Scandal The Radical Crusade of Mike Pence
