Bitfarms Ltd. (BITF) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.11.
Bitfarms' (BITF) second-quarter 2024 revenues are likely to have increased year over year, whereas earnings are expected to have declined.
In the latest trading session, Bitfarms Ltd. (BITF) closed at $2.52, marking a -1.18% move from the previous day.
Lately, the stock market has been soaring thanks mostly to growth stocks trading at sky-high valuations. While rate cuts could potentially boost markets, caution is still warranted for most investors.
Bitcoin miner Riot Platforms said on Wednesday the Ontario Capital Markets Tribunal terminated rival Bitfarms' attempt to adopt a "poison pill" to thwart its acquisition.
Since 2021, meme stocks have been massive wealth creators for high-risk investors. During this period, dozens of meme stocks have delivered 5x to 10x returns within a few quarters.
Besides the economic benefits, easy money policy is likely to translate into higher a level of speculative activity. Meme and penny stocks are therefore likely to be in the limelight.
The likelihood of a rate cut in the coming quarters is the biggest catalyst for equities. Higher interest rates have impacted consumption and investment spending.
Small-cap growth stocks give investors an opportunity for exposure to some of the best stories at an early stage. Without a doubt, there is hesitation in taking a big plunge as the risk is high.
With the S&P 500 trading near all-time highs and the possibility of rate cuts, the meme stocks season is very much on the cards. Investors should, of course, remain focused on their core long term portfolio.
The Bitcoin ( BTC-USD ) mining industry is set for notable changes in 2024, presenting both challenges and opportunities for investors and Bitcoin mining stocks. The Bitcoin halving event in April 2024 reduced block rewards from 6.25 BTC to 3.125 BTC, significantly impacting revenue models.
Bitfarms (NASDAQ: BITF ) stock is in the news Tuesday after the Bitcoin ( BTC-USD ) mining company announced Ben Gagnon as its new CEO. Gagnon is moving up from his prior position of Chief Mining Officer to serve as CEO of Bitfarms.