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Stock impact report

Why Bitfarms Stock Absolutely Tanked This Week, Sinking Nearly 30% [Yahoo! Finance]

Bitfarms Ltd. (BITF) 
Company Research Source: Yahoo! Finance
Some of this is being driven by outside forces, with other investors concerned about crypto-specific risk. Earnings appear to be another key story for Bitfarms, with misses driving outsize bearish bets on this company. 10 stocks we like better than Bitfarms › Compared to Friday's close last week, shares of cryptocurrency mining company Bitfarms (NASDAQ: BITF) have absolutely plunged. Down 29% over the past five days, there are few companies in the market that can match such an ugly weekly return, raising the question: What is going on with this sector? Many investors have noted that there are some potential lights at the end of the tunnel for many Bitcoin miners, such as Bitfarms. These companies are aggressively shifting their business models toward using their computing resources to support data center, cloud, and AI ambitions. Those catalysts should, in theory, play into a bullish thesis for those looking to invest in companies that essentially provide computing power to t Show less Read more
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