H.C. Wainwright lowered the firm’s price target on Bitfarms (BITF) to $3.50 from $4 and keeps a Buy rating on the shares. The firm also added Bitfarms to its top picks list in the bitcoin mining sector for 2025 following the company’s Q4 report. Bitfarms provided important updates on its mining operations and artificial intelligence initiatives, the analyst tells investors in a research note. H.C. Wainwright believes the market is “significantly undervaluing” Bitfarms’ revamped bitcoin mining operations. The firm calls Bitfarms one of the most attractively valued miners in the space.
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