Shares of Bitfarms Ltd. (OTCMKTS:BFARF – Get Free Report) were down 7.8% on Thursday . The company traded as low as $3.54 and last traded at $3.7350. Approximately 31,223,060 shares were traded during trading, an increase of 1,948% from the average session volume of 1,524,660 shares. The stock had previously closed at $4.05.
Bitfarms Trading Down 7.8%
The firm’s 50-day moving average price is $5.20 and its two-hundred day moving average price is $3.52.
Bitfarms Company Profile
Bitfarms Ltd. is a vertically integrated Bitcoin mining company that designs, builds and operates blockchain infrastructure. The company owns and oversees a network of data centers equipped with high-efficiency computing hardware dedicated to validating transactions on the Bitcoin blockchain. By maintaining full control over its physical mining facilities, Bitfarms aims to optimize energy usage and operational performance across its network.
Founded in 2017 and headquartered in Vancouver, British Columbia, Bitfarms leverages low-cost, renewable energy sources to power its mining operations.
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