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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