Bitfarms is trading 6.86% lower at $2.38 as hotter-than-expected September CPI revived rate concerns, weighing on risk-sensitive assets.
- Shares closed down 11.15% at $2.55 on October 14.
- Since their last close, Bitcoin is down 1.91% and Ethereum 3.53%; reports linked the CPI surprise to crypto losses and increased rate-hike bets.
- No clear Bitfarms-specific announcement surfaced October 15; evidence points mainly to macro pressure on crypto and technology-related assets and a weaker Nasdaq. CPI was released October 14 amid a global market selloff.