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"Analyst reiterates ‘Buy’ rating on Bitfarms stock despite selloff"
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"Bitfarms reported positive third-quarter results with revenue growth of 8% to $44.9 million, but delayed its hash rate goal from late 2024 to early 2025 due to construction setbacks, miner shipment delays, and warranty services on underperforming equipment. Despite this, analysts noted significant upgrades, including swapping 50,000 older mining machines with newer, more efficient models, which boosted the company's hash rate capacity by 83% this year."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqfupvkfgd5pazlt7lr0zqhmsnvrd87xmgwec5y356qnctzdmkvz9qjj8vg8\nhttps://crypto.news/app/uploads/2023/07/crypto-news-cryptocurrency-mining-equipment-blurry-background-neon-color-cyberpu.jpg\nH.C. Wainwright \u0026#38; Co. analysts reiterated their “Buy” rating on Bitcoin mining company Bitfarms.\u0026#160; This rating follows a 15% decline in the stock price after Bitfarms announced delays to its year-end 2024 expansion targets, according to a note shared with\u0026#8230;\nhttps://crypto.news/analyst-reiterates-buy-rating-on-bitfarms-stock-despite-selloff/",
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