Bitfarms is trading at $3.71 (5.7% down) in pre-market as weaker Bitcoin and broader risk-off sentiment weigh on crypto-related equities.
- The decline extends sharp losses from July 16, following recent double-digit drops tied to strategic shifts and investor concerns over earnings.
- Crypto miners remain highly sensitive to BTC price volatility and higher interest rate concerns, adding pressure to the stock's already fragile trading backdrop.