H.C. Wainwright analyst Mike Colonnese raised the firm’s price target on Bitfarms (BITF) to $5.50 from $4 and keeps a Buy rating on the shares. The firm expects the miners to report solid Q3 results based on the “strong sequential growth” in bitcoin prices. Hash rate expansion continued in Q3., with the public miners adding 58.4 EH/s to their operations during the quarter, the analyst tells investors in a research note.
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