{"id":43548,"date":"2025-09-17T11:35:54","date_gmt":"2025-09-17T11:35:54","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/09\/17\/bitfarms-stock-price-is-soaring-is-it-too-late-to-buy-2\/"},"modified":"2025-09-17T11:35:54","modified_gmt":"2025-09-17T11:35:54","slug":"bitfarms-stock-price-is-soaring-is-it-too-late-to-buy-2","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/09\/17\/bitfarms-stock-price-is-soaring-is-it-too-late-to-buy-2\/","title":{"rendered":"Bitfarms stock price is soaring: is it too late to buy"},"content":{"rendered":"
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Bitfarms stock price has gone parabolic in the past few days, soaring to a high of $2.90, its highest level since July last year and 350% above its lowest level this year. This surge has brought its market capitalization to over $1.6 billion.<\/p>\n

Bitfarms stock price analysis <\/h2>\n

The daily timeframe chart shows that the BITF stock price bottomed at $0.6612 earlier this year and then started moving upwards gradually. This slow uptrend then went parabolic recently, when it jumped to nearly $3.<\/p>\n

The jump accelerated after the company published its earnings and announced a strategic shift in its business.<\/p>\n

BITF stock has crossed several important resistance levels, including at $2.75, the highest swing in November last year. It has now formed a golden cross pattern, with the 50-day and 200-day Exponential Moving Averages (EMA) crossing each other.<\/p>\n

However, the stock has jumped above the extreme overshoot level of the Murrey Math Lines, while the Relative Strength Index (RSI) and the Stochastic Oscillator have become highly overbought.<\/p>\n

Therefore, there is a likelihood that the stock will pullback a bit, and possibly retest the important support level at $1.95, which is the strong pivot reverse point of the Murrey Math Lines.<\/p>\n

The alternative scenario is where the Bitfarms stock price continues rising and reaches the key point at $3.30, the highest swing on June 18, which is about 13% above the current level.<\/p>\n

BITF stock price chart | Source: TradingView<\/figcaption><\/figure>\n

BITF stock has jumped as the turnaround continues <\/h2>\n

The Bitfarms stock price has soared after the management announced a strategic shift recently. One of the main approaches is refocusing on the United States, and Canada to a small extent. It did that by exiting the Argentinian market.<\/p>\n

Bitfarms has also expanded its business from a purely Bitcoin mining company into a provider of data center solutions for the artificial intelligence industry. <\/p>\n

This approach mirrors that of CoreWeave, which has become a major powerhouse in the AI industry. Other Bitcoin mining companies like IREN and Core Scientific  have expanded to this industry.<\/p>\n

Its AI buildup is happening in Pennsylvania on a 296-acre property. Also, it plans to double its acreage of data center space in Washington.<\/p>\n

Bitfarms stock price has also done well after publishing strong financial results in August. Its revenue rose<\/a> by 87% to $78 million, helped by higher Bitcoin prices and higher mining production. <\/p>\n

Still, the results had some blemishes as the gross mining margin dropped to 45% from 87% in the same period last year. Also, the company reported a big loss, most of which was attributed to its winding up of its Argentina operations.<\/p>\n

The main risk that the company faces is that expanding to the data center business is a highly capital-intensive investment, meaning that the company may be at risk of dilution over time. This is the main reason why a fast-growing data center business like CoreWeave stock has pulled back<\/a> from the year-to-date high.<\/p>\n

The post Bitfarms stock price is soaring: is it too late to buy<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitfarms stock price has gone parabolic in the past few days, soaring to a high of $2.90, its highest level since July last year and 350% above its lowest level this year. This surge has brought its market capitalization to over $1.6 billion. Bitfarms stock price analysis  The daily timeframe chart shows that the BITF <\/p>\n","protected":false},"author":1,"featured_media":43549,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-43548","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/43548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=43548"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/43548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/43549"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=43548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=43548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=43548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}