Mon Mar 10 12:10:00 UTC 2025: ## Bitfarms Stock Rises on Positive Analyst Reports and Institutional Investment

**Sioux Falls, SD – February 19, 2025** – Bitfarms Ltd. (NASDAQ: BITF) saw its stock price jump 6.7% on Friday, closing at $1.20 after reaching a high of $1.21. Trading volume exceeded 29 million shares, slightly above the daily average. The surge follows a series of positive analyst reports and increased institutional investment.

Several firms have recently upgraded their ratings on Bitfarms. Alliance Global Partners initiated coverage with a “buy” rating and a $6.00 price target. Stifel Canada upgraded the stock to “moderate buy,” while HC Wainwright reiterated its “buy” rating with a $4.00 target. Keefe, Bruyette & Woods also initiated coverage with an “outperform” rating. Currently, the stock holds a “moderate buy” rating overall, with an average price target of $4.05.

Institutional investors have also shown increased confidence in Bitfarms. Van ECK Associates Corp significantly boosted its holdings by 106.6%, while Geode Capital Management LLC and State Street Corp also added to their positions. Barclays PLC and Baader Bank Aktiengesellschaft both established new positions in the company. Institutional ownership now stands at 20.59% of Bitfarms’ stock.

Despite the positive momentum, MarketBeat notes that Bitfarms was not included on their list of top analyst picks. The company, which operates cryptocurrency mining farms in North and South America and provides electrical services in Quebec, currently has a market capitalization of $594.37 million. While the company’s debt-to-equity ratio is low (0.04), its beta (3.68) indicates high volatility.

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