Bitfarms is trading 10.18% higher at $3.62 after investors reassessed its August 10 earnings and ongoing transition from Bitcoin mining to AI and high-performance computing infrastructure.
- Second-quarter revenue fell to $30 million from $61 million, while the company reported a $141 million operating loss and $64 million loss from continuing operations.
- Bitcoin is nearly unchanged since the prior close, so cryptocurrency momentum does not explain the gain.
- The stock appears to be recovering after the recent earnings-driven selloff.