11 AI News and Ratings You Should Take a Look At

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7. Bitfarms Ltd. (NASDAQ:BITF)

Number of Hedge Fund Holders: 15

Bitfarms Ltd. (NASDAQ:BITF) operates cryptocurrency mining farms and provides electrical services in Canada and other regions.

On March 3, Bitfarms reported progress on key transactions, including the planned acquisition of Stronghold Digital Mining and the sale of its 200 MW Paraguay data center, both expected to close in Q1 2025. The moves aim to improve its energy portfolio and expand its North American infrastructure for Bitcoin mining and HPC/AI. The company also appointed Craig Hibbard as SVP of Infrastructure to support development efforts. Operationally, Bitfarms increased its hash rate to 16.1 EH/s by the end of February, with an average hash rate of 13.4 EH/s, while earning 213 BTC during the month.

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