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Bitfarms' Stock Price Rises 8%, Announces Buyback of Up to 10% of Outstanding Shares

Summary: According to reports, Bitcoin mining company Bitfarms (BITF) announced the initiation of a stock buyback plan starting from July 28, planning to repurchase up to 50 million shares over the next 12 months through NASDAQ and the Toronto Stock Exchange, representing approximately 10% of outstanding shares. CEO Ben Gagnon stated that the company's valuation is ...

According to reports, Bitcoin mining company Bitfarms (BITF) announced the initiation of a stock buyback plan starting from July 28, planning to repurchase up to 50 million shares over the next 12 months through NASDAQ and the Toronto Stock Exchange, representing approximately 10% of outstanding shares. CEO Ben Gagnon stated that the company's valuation is undervalued, with the market not fully reflecting its potential in Bitcoin and high-performance computing (HPC), and plans to leverage U.S. energy assets to drive AI infrastructure expansion. (CoinDesk)

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