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Bitfarms ( (TSE:BITF) ) has issued an announcement.
Bitfarms Ltd. has engaged Appleby Strategy Group and World Wide Technology to conduct a feasibility analysis of its North American sites and advise on its global HPC/AI strategy. This initiative aims to enhance their sales and market development strategies for high-performance computing and AI services. The move is expected to create a diversified and resilient portfolio, combining steady cash flows from HPC/AI contracts with the potential upside of Bitcoin mining, thereby generating long-term value for shareholders.
More about Bitfarms
Bitfarms Ltd., founded in 2017, is a global Bitcoin and vertically integrated data center company. It contributes computational power to mining pools in exchange for Bitcoin payments. Bitfarms owns and operates mining facilities with in-house management and technical support, and it has data centers in Canada, the United States, Paraguay, and Argentina. The company focuses on sustainable energy, primarily using hydro-electric power.
YTD Price Performance: -6.83%
Average Trading Volume: 47,711,572
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $732.9M
For a thorough assessment of BITF stock, go to TipRanks’ Stock Analysis page.
