🔴 Bitfarms is trading 4.38% down today after second-quarter revenue fell to $30 million

Bitfarms is trading 4.38% down now at $3.38 as investors continue reassessing its August 10 second-quarter report.

• Revenue was $30 million, down from $61 million a year earlier; continuing operations posted a $64 million loss and adjusted EBITDA was negative $24 million.
• Bitfarms is decommissioning Bitcoin-mining operations and redirecting resources to AI and HPC infrastructure, increasing near-term execution risk.
• Bitcoin, Ethereum, and broader equities are relatively steady, making crypto-market weakness an unlikely primary catalyst.