2 Stocks Every Canadian Retiree Should Seriously Consider Avoiding [Yahoo! Finance Canada]
Bitfarms Ltd. (BITF)
Company Research
Source: Yahoo! Finance Canada
I like to spend most of my time discussing top Canadian stocks I think investors should own right now. Whether those are growth stocks , dividend stocks, or a range of other defensive companies in other sectors, I'm finding plenty of incredible bullish cases to be made around a number of leading blue-chip TSX names. That said, there are still a few TSX-listed stocks I think are worth avoiding right now. For those nearing or in retirement, here are two particular stocks I think are worth avoiding right now. Bitfarms The cryptocurrency revolution hasn't really turned out to be what many investors were hoping for. That's what Bitfarms' TSX:BITF ) stock chart below highlights. Now, the company has undergone a switch from a full-blown crypto miner to a cloud/data centre computing story play. Renting out its GPU processing capacity to such companies, the hope was that Bitfarms would see its operating metrics improve. Unfortunately, that hasn't been the case. Bitfarms' peers have
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BITF
News
- Could This $2 Stock Be Your Ticket to Millionaire Status? [Yahoo! Finance]Yahoo! Finance
- Independent Proxy Advisory Firms, Including ISS, Recommend Bitfarms Shareholders Vote FOR U.S. RedomiciliationGlobeNewswire
- Bitfarms Ltd. (BITF) Registers a Bigger Fall Than the Market: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- Local officials greenlight Bitfarms Panther Creek AI data center: Times News Online [Yahoo! Finance]Yahoo! Finance
- Bitfarms Announces Filing and Mailing of Materials for Special Meeting of Shareholders to Approve U.S. Redomiciliation PlanGlobeNewswire
BITF
Sec Filings
- 3/6/26 - Form 6-K
- 3/5/26 - Form 6-K
- 2/25/26 - Form 6-K
- BITF's page on the SEC website