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Bitfarms ( (TSE:BITF) ) just unveiled an update.
Bitfarms Ltd. has announced the retirement of its Chief Financial Officer, Jeff Lucas, and the appointment of Jonathan Mir as his successor. Jonathan Mir, with over 25 years of capital markets experience in energy infrastructure, will join Bitfarms as CFO effective October 27, 2025, bringing invaluable expertise to support the company’s transition to a North American HPC/AI infrastructure company. CEO Ben Gagnon expressed gratitude for Jeff Lucas’s contributions, highlighting his role in transforming Bitfarms from a Bitcoin miner to a digital infrastructure leader. The leadership change is expected to bolster Bitfarms’ growth strategy in Pennsylvania, Quebec, and Central Washington, with a strong financial position and significant capital available for future projects.
The most recent analyst rating on (TSE:BITF) stock is a Buy with a C$7.00 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’ stock score is driven by strong technical momentum and positive earnings call highlights, including revenue growth and strategic expansions. However, significant financial performance challenges and valuation concerns weigh on the overall score.
To see Spark’s full report on TSE:BITF stock, click here.
More about Bitfarms
Bitfarms Ltd. is a North American energy and digital infrastructure company that builds and operates vertically integrated, state-of-the-art data centers and energy infrastructure for high-performance computing and Bitcoin mining. Founded in 2017, Bitfarms focuses on U.S. growth with a significant portion of its 1.3 GW energy pipeline based in the U.S. The company is headquartered in New York, NY, and Toronto, ON, and is traded on the Nasdaq and Toronto Stock Exchange.
Average Trading Volume: 6,538,278
Technical Sentiment Signal: Buy
Current Market Cap: C$3.24B
For an in-depth examination of BITF stock, go to TipRanks’ Overview page.