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Bitcoin Stock News Bite - Bitfarms Ltd. (TSX: BITF.TO) makes most active trades list on TSX

 

February 19, 2024 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com) Bitcoin/Crypto Stock News Bites - Bitfarms Ltd. (TSX: BITF.TO) made one of the top ten traded stocks by volume on the TSX as US markets closed for the holiday. The stock is trading at $4.8600, gaining 0.1700 or 3.6247% on volume of over 9 million shares in mid- morning trading.

The most recent news from the company was February 1st when they provided an update for the month ended January 31, 2024.

"In 2024, we are embarking on an aggressive growth plan, targeting hashrates of 12 EH/s in 1H 2024 and 21 EH/s in 2H 2024," said Geoff Morphy, President and Chief Executive Officer of Bitfarms. "The new farm development in Paraguay is expected to drive much of this growth. With land purchased for our 100 MW facility in Yguazu and shipment of the main transformer for Paso Pe, our expansion projects continued on schedule in January. This transformative fleet upgrade and growth plan are being undertaken to position Bitfarms to gain market share and be among the lowest cost producers during this Halving year, which is anticipated to be an inflection point for the industry."

https://ca.finance.yahoo.com/news/bitfarms-earns-357-btc-january-120000656.html

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