U.S.-Listed Bitcoin Miners Shed 25% of Their Market Cap in March: JPMorgan [Yahoo! Finance]
Bitfarms Ltd. (BITF)
Company Research
Source: Yahoo! Finance
Only one stock, Stronghold Digital Mining (SDIG), outperformed bitcoin ( BTC ) last month, the report noted. Bitfarms (BITF) completed its acquisition of the company on March 17. Miners with high performance computing (HPC) exposure underperformed pure-play miners for the second month in a row. "We note valuations today are at the lowest levels relative to the block reward since the collapse of FTX in the Fall of 2023," analysts Reginald Smith and Charles Pearce wrote. The average network hashrate inched higher during the month to 816 exahashes per second (EH/s), the report said. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. Mining revenue and profitability both fell. "We estimate bitcoin miners earned an average of $47,300 per EH/s in daily block reward revenue in March, down 13% from February," the bank said. Daily block
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BITF
News
- Bitfarms Stock: The Bitcoin Mining Play to Watch [Yahoo! Finance]Yahoo! Finance
- Solo Bitcoin Miner Beats the Odds, Winning $282K Reward [Yahoo! Finance]Yahoo! Finance
- Bitfarms Ltd. (BITF): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Bitfarms (TSX:BITF): Assessing Valuation After a Volatile 25% One-Month Pullback [Yahoo! Finance]Yahoo! Finance
- Bitfarms: Capitalizing On The Next Generation Of AI Data Centers [Seeking Alpha]Seeking Alpha
BITF
Sec Filings
- 11/17/25 - Form 6-K
- 11/13/25 - Form 6-K
- 11/13/25 - Form 6-K
- BITF's page on the SEC website