Bitfarms Announces Share Buyback Program Amid Undervaluation Concerns

Bitfarms ( (TSE:BITF) ) has shared an update.

On July 22, 2025, Bitfarms Ltd. announced the approval of a corporate share buyback program, effective immediately. The Toronto Stock Exchange has accepted the notice for this program, allowing the company to repurchase up to 49,943,031 of its common shares, representing 10% of its public float. CEO Ben Gagnon expressed confidence in the company’s business and growth strategy, emphasizing the undervaluation of Bitfarms’ shares and the potential of its high-performance computing data centers. The buyback is seen as a move to drive shareholder value and capitalize on growth opportunities in high-performance computing and artificial intelligence.

The most recent analyst rating on (TSE:BITF) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Bitfarms stock, see the TSE:BITF Stock Forecast page.

Spark’s Take on TSE:BITF Stock

According to Spark, TipRanks’ AI Analyst, TSE:BITF is a Neutral.

Bitfarms’ overall stock score reflects significant financial challenges and valuation concerns, partially offset by positive technical signals and strategic initiatives highlighted in recent earnings calls and corporate events. The company’s strategic pivot and expansion plans offer potential upside, but current financial and operational challenges weigh heavily on the score.

To see Spark’s full report on TSE:BITF stock, click here.

More about Bitfarms

Bitfarms Ltd. is a North American energy and compute infrastructure company that develops, owns, and operates vertically integrated data centers. Founded in 2017, the company currently operates 15 data centers in the United States, Canada, Argentina, and Paraguay, primarily focused on mining Bitcoin.

Average Trading Volume: 1,614,493

Technical Sentiment Signal: Sell

Current Market Cap: C$939.6M

Find detailed analytics on BITF stock on TipRanks’ Stock Analysis page.