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Stock impact report

Assessing Bitfarms (TSX:BITF) Valuation As Shares Lag Its Longer Term Performance [Yahoo! Finance Canada]

Bitfarms Ltd. (BITF) 
Context on Recent Share Performance Bitfarms (TSX:BITF) has drawn attention after a mixed run in its share price, with a small gain over the past week alongside a negative return for the month and the past 3 months. At around CA$2.93 per share, Bitfarms has seen a 4.27% 1 day share price return, a 30 day share price return of 28.36%, and a 90 day share price return of 18.61%. Its 1 year total shareholder return of 46.50% and 3 year total shareholder return of 94.04% suggest longer term holders have experienced a very different ride from those focused on recent momentum. If this kind of volatility has you looking beyond a single crypto miner, it could be a good time to widen your watchlist with 17 cryptocurrency and blockchain stocks identified by our screener. So with the share price well below the average analyst target and recent returns lagging the longer term record, should you see Bitfarms as discounted right now, or assume the market is already pricing in future growth Show less Read more
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