Sun Mar 16 13:10:00 UTC 2025: ## Bitfarms (BITF) Stock Closes Up Slightly Despite Recent Losses; Zacks Rank at Hold

**NEW YORK, NY** – Bitfarms Ltd. (BITF) saw a modest 1.83% increase in its stock price, closing at $1.11 on [Date of article]. This gain lagged behind the broader market, with the S&P 500 up 2.13%, the Dow up 1.65%, and the Nasdaq up 2.61%. Despite the slight uptick, BITF stock remains down 22.14% for the past month, significantly underperforming both the Business Services sector (-12.27%) and the S&P 500 (-9.57%).

Investors are awaiting Bitfarms’ upcoming earnings report. Analysts forecast an EPS of -$0.04, representing a 33.33% improvement year-over-year, and revenue of $53.82 million, a 16.4% increase. However, recent revisions to EPS estimates have fallen sharply – a 116.67% decline over the last 30 days.

Based on these revisions and other factors, Zacks Investment Research currently assigns Bitfarms a Zacks Rank #3 (Hold). While the Technology Services industry (which includes Bitfarms) ranks well within the top 27% of all Zacks-ranked industries, the significant negative revision to EPS estimates raises concerns. Investors are advised to monitor the upcoming earnings report and other relevant metrics available on Zacks.com for further insights.

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