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Bitfarms (BITF) Stock Surges as Analysts Double Price Targets Amid AI Power Demand

Bitfarms (BITF) Stock Surges as Analysts Double Price Targets Amid AI Power Demand

Author:

Global Cryptocurrency

Published:

2025-10-25 15:45:02

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BTCCSquare news:

Bitfarms shares rallied 12% to $4.61 on Friday after B. Riley and Northland Capital doubled their price targets to $7, citing explosive demand for AI-related power infrastructure. The cryptocurrency miner's stock has gained momentum from its 50-day average of $2.75, with trading volume spiking to 100 million shares—more than double the daily average.

The company secured $300 million in debt conversion for its Panther Creek campus development, supplemented by an additional $50 million draw to accelerate construction. Analysts maintain a Moderate Buy rating, with potential tech partnerships looming as the AI data center boom intersects with Bitcoin mining operations.

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