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Bitcoin Rally Roars on - What's next?

November 7, 2024 (Investorideas.com Newswire) Investorideas.com, a go-to platform for big investing ideas, including bitcoin and crypto stocks reports on trading for Bitcoin and related stocks following the Trump Presidential victory.

Bitcoin USD (BTC-USD) is currently trading at 76,001.31, up 1,101.76, gaining 1.47%, following an impressive rally starting on the election evening as results came in.

With several analysts predicting it will reach $100,000 USD before the year's end- there is still a lot of play for traders in the crypto sector.

Bitfarms Ltd. (NASDAQ:BITF) (TSX: BITF), a global vertically integrated Bitcoin data center company was one of the top gainers yesterday following the election, along with Coinbase Global, Inc. (NASDAQ:COIN).

Bitfarms Ltd. (NASDAQ:BITF) (TSX: BITF) is currently trading at $2.2150, up 0.0850, gaining 3.99% on the NASDAQ with volume of over 27 Million shares as of this report...

Founded in 2017, Bitfarms is a global Bitcoin data center company that contributes its computational power to one or more mining pools from which it receives payment in Bitcoin. Bitfarms develops, owns, and operates vertically integrated data centers with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company's proprietary data analytics system delivers best-in-class operational performance and uptime.

Bitfarms currently has 12 operational data centers and two under development situated in four countries: Canada, the United States, Paraguay, and Argentina. Powered predominantly by environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable and often underutilized energy infrastructure.

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