Wed Feb 26 12:30:00 UTC 2025: ## Bitfarms Stock Dips Despite Positive Analyst Ratings

**Sioux Falls, SD – February 27, 2025** – Shares of Bitfarms Ltd. (NASDAQ: BITF) experienced a significant drop of 8.5% on Tuesday, closing at $1.14 after hitting a low of $1.16. Trading volume plummeted 92% below the average, with only 3,301,980 shares changing hands. This decline comes despite a generally positive outlook from analysts.

Several firms have recently issued bullish reports on Bitfarms. Alliance Global Partners initiated coverage with a buy rating and a $6.00 price target, while Keefe, Bruyette & Woods also assigned an outperform rating. HC Wainwright reiterated its buy rating and $4.00 price target. Stifel Canada upgraded the stock from a hold to a moderate buy. Currently, six analysts rate Bitfarms a buy, with only one issuing a hold rating. MarketBeat aggregates this data into a Moderate Buy consensus rating with a $4.05 average price target.

Despite the positive analyst sentiment, Bitfarms’ stock performance remains volatile. The company, which mines cryptocurrencies and provides electrical services, has a market cap of $541.64 million, a negative price-to-earnings ratio of -3.14, and a beta of 3.65. Several hedge funds have recently adjusted their holdings in Bitfarms, with some acquiring new positions and others increasing their stakes. Institutional investors currently own 20.59% of the company’s stock.

While analysts remain largely positive on Bitfarms, MarketBeat notes that the company was not included in their list of top five recommended stocks. Investors are advised to conduct thorough due diligence before making investment decisions.

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