Bitfarms Ltd. (OTCMKTS:BFARF – Get Free Report)’s share price shot up 2.6% on Friday. The company traded as high as $2.46 and last traded at $2.40. Approximately 22,641,852 shares changed hands during trading, an increase of 1,385% from the average session volume of 1,524,660 shares. The stock had previously closed at $2.34.
Bitfarms Stock Up 2.6%
The company’s 50 day simple moving average is $3.34 and its 200-day simple moving average is $3.98.
Bitfarms Company Profile
Bitfarms Ltd. is a vertically integrated Bitcoin mining company that develops and operates data centers used to mine digital assets. Its activities include acquiring and deploying specialized mining hardware, managing mining infrastructure, and producing Bitcoin through its owned and operated facilities.
Founded in 2017, Bitfarms has built a portfolio of mining operations in North America and South America, including facilities in Canada, the United States, Argentina and Paraguay. The company has emphasized the use of hydropower and other cost-efficient energy sources where available, while expanding its computing capacity through new sites and equipment upgrades.
Bitfarms is headquartered in Toronto, Canada, and has historically operated as a publicly traded company in Canada and the United States.
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