Bitfarms Stock Soars 26%: Is This Just the Start of Their Glorious Comeback?

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Key Takeaways

In a most delectable twist of fortune, Bitfarms finds its fortune buoyed by a delightful 26% stock gain, thanks to its audacious purchase of 10% of its float over the next twelve months. With a hoard of $22 million worth of BTC nestled securely, our heroic Bitfarms retains its crown as the sixth most illustrious Bitcoin miner of our time.

Enter Bitfarms [TSE: BITF], a veritable titan in the realm of Bitcoin [BTC] mining, unveiling a corporate share buyback scheme worthy of a Shakespearean drama, stretching from the illustrious 28th of July 2025 to the 27th of July 2026.

The powers that be at the Toronto Stock Exchange (TSE), and perhaps even the esteemed Nasdaq Stock Exchange (NASDAQ), shall preside over this grand venture.

Buyback Unveils “Undervalued” Treasures

The buyback program bestows upon Bitfarms a golden opportunity, akin to discovering a forgotten treasure map. 🎭

It allows for the repurchase of a tantalizing 10% of its market float—representing a staggering 49.9 million of the 499 million shares, all waiting impatiently to be reclaimed.

Herein lies the cunning rule: Bitfarms shall cap daily purchases at 25% of the company’s trading volume on the TSE, calculated over the past six months—about 494,918 shares of pure potential. On Nasdaq, the limit shall be a modest 5%, if modesty can be inferred in the realm of finance.

Our gallant leader Ben Gagnon, CEO and self-proclaimed oracle of Bitfarms, doth declare the stock “undervalued.” Such epiphany arises from the company’s brilliance in Bitcoin endeavors and high-performance computing (HPC) assets.

He then waxes eloquent with these words:

“This buyback program demonstrates our confidence in Bitfarms’ business, our management team, and, most importantly, our high-performance computing data center growth strategy.”

Ah, the audacity! Currently, Bitfarms operates 15 Bitcoin mining centers across the grand expanse of North and South America, gracing locations in the U.S., Canada, Argentina, and Paraguay. Clearly, they seek to mine gold from the very earth beneath our feet!

Furthermore, according to keen observers at Arkham, the company possesses 188 Bitcoins, valued at a sublime $22 million. It reigns as the sixth-largest miner by market capitalization, standing tall at $630 million as of this very moment.

With the announcement ringing in the ears of investors, Bitfarms’ stock has catapulted upward by a dazzling 26% within a mere 48 hours, achieving a peak not seen in five months according to the latest charts of fate.

However, a word of caution; the stock currently grapples with a formidable resistance point. Yet, fear not! A renewed interest may emerge, particularly if Bitcoin graces the market with its illustrious presence once again.

Bitcoin Could Uncover Bitfarms’ Brilliance

Broader market whispers suggest that Bitcoin miners possess a long-term vision, one that glimmers with potential. The Miner Supply ratio on CryptoQuant continues its elegant ascent, like a phoenix rising from ashes, indicating a delightful accumulation of reserves among miners. 🦄

At this very juncture, the supply ratio has reached the significant figure of 0.09093—unquestionably making one raise an eyebrow. This genteel rise indicates that miners are indeed adding to their treasures, often correlated with profitability—if only they could share a glass of champagne with us common folk.

Moreover, a sustained increase in the supply ratio hints at the possibility that miners, including the ever-diligent Bitfarms, are robbing from the profits. Such prosperity would undoubtedly elevate Bitfarms’ undervalued Bitcoin holdings to an exalted status.

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2025-07-24 10:47