Bitcoin Halving Is a ‘Show Me the Money' Moment for Miners [Yahoo! Finance]
Bitfarms Ltd. (BITF)
Company Research
Source: Yahoo! Finance
Mining, an integral part of securing the bitcoin network, requires a lot of capital to operate profitably. And now, after a brutal crypto winter and with the upcoming halving next month, many investors have turned sour on what once was an outrageously profitable business, drying up capital for the miners. This feature is part of CoinDesk's “Future of Bitcoin” package published to coincide with the fourth Bitcoin “halving” in April 2024. To bring investors back and keep them on-board, miners will need to upgrade to more efficient mining machines, cut costs, have a prudent risk management strategy and participate in deal-making that will enhance shareholder value, industry observers say. “I think the next evolution [for mining investors] is there'll be a lot more scrutiny on how you're deploying capital and what the return on that investment is for these companies,” said Asher Genoot, the new CEO of bitcoin mining firm Hut 8. He added that any company “that is not able to execu
Show less
Read more
Impact Snapshot
Event Time:
BITF
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BITF alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BITF alerts
High impacting Bitfarms Ltd. news events
Weekly update
A roundup of the hottest topics
BITF
News
- Bitfarms Schedules First Quarter 2024 Conference Call on May 13, 2024 [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Bitfarms Schedules First Quarter 2024 Conference Call on May 13, 2024GlobeNewswire
- Bitfarms Ltd. (NASDAQ: BITF) is now covered by analysts at Northland Securities. They set an "outperform" rating and a $4.00 price target on the stock.MarketBeat
- How a Jack Dorsey-backed bitcoin miner uses a volcano in Kenya to turn on the lights in rural homes [CNBC]CNBC
- CANADA STOCKS-TSX climbs as investors shake off Middle East jitters [Yahoo! Finance]Yahoo! Finance
BITF
Sec Filings
- 4/26/24 - Form 6-K
- 4/22/24 - Form S-8
- 4/17/24 - Form 6-K
- BITF's page on the SEC website