Bitfarms is trading 7.2% down at $4.01 after reversing an earlier pre-market rebound linked to improving sentiment in the crypto and tech sectors.
- The stock had been indicated 4.3% higher in early trading amid a modest recovery in Bitcoin and Ether, but momentum stalled as major cryptocurrencies turned flat to slightly lower.
- Traders appear to be fading the morning bounce following last week’s sharp decline, with no fresh company-specific news to support the price action.