Bitfarms price target lowered to $3.70 from $4 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Bitfarms (BITF) to $3.70 from $4 and keeps a Buy rating on the shares. The opportunity to buy shares at current levels may be limited, as Bitfarms’ Q4 call reinforced confidence in securing at least one long-term colocation contract by 2H26, the analyst tells investors in a research note. Such a deal could meaningfully re-rate the stock, particularly as the company pivots from legacy BTC mining toward HPC and AI infrastructure, the firm says.