Bitco Mining BitFarms has announced the shares resetting program, which has authorized the re -purchase of up to 49.9 million joint shares, or 10 % of its general float, over the next 12 months.
The Toronto Stock Exchange (TSX) has agreed to the re -purchase program, and covers the re -purchase on both TSX and Nasdaq, According to To announce on Tuesday. The shares of the company on the Nasdaq Stock Exchange closed by 16.8 %.
The daily purchase on TSX is crowned at 494,918 shares, or 25 % of the average daily trading volume during the past six months. On the Nasdaq Stock Exchange, total re -purchases cannot exceed 5 % of suspended shares during the program period.
The company will pay the market price for shares during the re -purchase period, which begins on July 28, 2025 and ends on July 27, 2026. All shares that have been restarted will be canceled, which reduces the total number of suspended shares and may increase the value of shares that are still being held by investors.
https://www.youtube.com/watch?
The CEO Ben Ghania said that this step reflects confidence in BitFarms and signs that their shares are emerging with less than their value. He highlighted the company’s pushing for high -performance computing (HPC) and artificial intelligence data centers, pointing to the BitFarms Power in Pennsylvania as a growth driver.
BitFarms was founded in 2017, and runs 15 bitcoin mining data center throughout the United States, Canada, Argentina and Paraguay. The company is trading under BitF Ticker on TSX and Nasdaq.
Related to: Naoris CEO says that Bitcoin’s descending count has already started
BitFarms restores the same brands as AI and HPC
The shares re -purchase comes at a time when Bitcoin is flying to the Bitcoin Mining Company for the application of artificial intelligence applications. He is also trying to hedge against potential commercial wars by expanding in the United States.
The axis has become common for mining companies, which already have the HPC devices, energy and cooling systems for HPC, since the profit in Bitcoin 2024 decreased. In March, a Currency scales Reports indicated that bitcoin miners are increasingly turning into an artificial intelligence data center that hosts to increase revenues and use their current infrastructure better.
In finance a report BitFarms was released in the first quarter of 2025, about a net loss of $ 36 million, compared to a net loss of $ 6 million in the first quarter of 2024. It also reported a decrease in the total profit margin to 63 % from 43 % on an annual basis, indicating the effects of Bitcoin to the profits of miners.
The report also shared that BitFarms received a $ 300 million credit line from Macquarie to expand the HPC facility in Pennsylvania, and Paraguay mining was sold to Hive Digital for $ 85 million.
“During the quarter, we have been executed through several major areas in our strategic axis to the United States and HPC,” Gagnon said.
In 2025, BitFarm 693 BTC was extracted at a direct production cost per BTC from $ 47,800
Ai Eye: $ 1 million does not lead to Chatgpt to AGI, use Aber AIS smart, AI Millionaires Surge
The post Bitfarms Launches Share Buyback Amid Pivot To AI and HPC Infrastructure first appeared on Investorempires.com.
